It is objectively not a good time to acquire Class A multifamily assets.

Maybe acquire some tax deeds, then rent them out

@Matthew PosteraroIt comes down to how much capital do you have to allocate, and how many units you are looking to acquire with your capital.

Price points are low when acquiring real estate but that also comes with lower rental market values for your units so it pretty much evens itself out.With that, if you are going to buy in Reading I advise you strongly consider managing your own properties.

Quote from @Isadore Nelson: I’m considering acquiring an occupied foreclosure property—a two-family home in Brooklyn, NY—and I'm hoping to connect with anyone who has experience in this area?

It provides the least amount out of pocket to acquire properties. 

I acquired a 3-flat in Humboldt a couple months ago who had two units not paying (ouch).

Quote from @Kris Gardner: Sept 1st, 2024 I acquired a duplex in Ohio.

First - a 12 month hard money loan to acquire & rehab.

Borrowers can acquire a primary residence from up to 1-4 units for as low as 5% with conventional, as the regulation was approved last year of November 2023.