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re: For the posters "of a certain age", how have you found a balance in your life?
Posted on 5/5/15 at 9:01 am to I Love Bama
Posted on 5/5/15 at 9:01 am to I Love Bama
Im in commercial RE doing development. On the side though I've tried to pick up as many rentals as I could. Had a multifamily property in New Orleans and sold it a few months ago. I have a couple other rentals that I split with a partner. Unfortunately, trying to find deals that work number wise are few and far between.
We're not in the lower income areas where the 2% deals are found though. We're generally in the $90-$125k range and rents are 1.4-1.6%. Not bad, but not a home run by any stretch.
I've been looking for the past couple of years for a midsize multifamily property. It seems to be slim pickings though. Product is nonexistent and it feels like the market is topping out. Does anybody have any experience in multifamily?
We're not in the lower income areas where the 2% deals are found though. We're generally in the $90-$125k range and rents are 1.4-1.6%. Not bad, but not a home run by any stretch.
I've been looking for the past couple of years for a midsize multifamily property. It seems to be slim pickings though. Product is nonexistent and it feels like the market is topping out. Does anybody have any experience in multifamily?
This post was edited on 5/5/15 at 9:18 am
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