I'm also looking at an A class in an exceptional A class area where the address is a premier location and people really want to be there.My thought is similar to yours: some people that can afford the units may lose jobs, but for the most part, the very upper class, trendy areas tend to attract a clientele that should be able to handle the next downturn.

With this information mind you can property inject yourself into the most beneficial part of the lifecycle giving you an upper hand over other bidders.

The property that will be appraised is a fixer upper and he will have to take into consideration the upgrades that will be done on the property based on the scope of work. 

Just purchased my first 3-family home in Rochester, NY (Upper Monroe Neighborhood!). 

Why do it when that market is showing great signs of stress right now (especially at the upper end of rents)?

From a member's profile, you can click the button in the upper right that says Connect.You can also send a Colleague request directly in the forums by hovering over their avatar or name, and clicking the Connect link at the lower right of the pop-out window.You must be colleagues with someone before you can send a Private Message to them.

Hi All, I'm looking for fixer-upper / rehab commercial properties (5 Units and above) anywhere in the US.

Some are just nice mid-range apartments and some are upper end.

If your current income is low, just be extra careful when evaluating the repairs needed on fixer-uppers and you should be fine.  

Need to get some bids on a fixer upper.