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Multi family housing
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IN555
Posted 1/27/2019 20:53 (#7277639 - in reply to #7277573)
Subject: RE: Multi family housing


NW Indiana
You likely will find the rent level/income of renters will determine the return levels you are looking at. Typically get into levels you are more likely to get paid on time, less damage to property etc will show the lowest return. Get into lower end and returns go up but you are also likely will be on first name basis with the people at the small claims court. Evicting can be a pain. Section 8 is actually a pretty safe way to get better returns and the check comes from the government, I personally can't do it. Hiring a management company will eat up a good chunk of your net returns. I guess similar to a perfect 160 field, most would take that and go with the lower return. A couple rentals with good renters isn't bad, get much larger scale and it can become a full time job.
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