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@WM: SF means single family in real estate... not SF
Care to elaborate how you managed to acquire three properties in Bay Area and have time to manage them? Sounds like quite the success story that others can learn from
I’d say 12% then if property is also an B+; 10% it A-
Yes, I wish in SF, but did mean single family homes. They are in IL.
Thanks for the clarification OP. Still impressive. Unf I can’t find anything to invest in under half a mill
@wm - don't give up, there are always deals around, but we're in a hot market virtually everywhere, so be patient. I've been doing this for in the side for over 8 years
Suggestions on other cities where investing is worth considering?
Depends on if its your first property or not
It'll be our fourth, other 3 are SF rentals that we manage. These apts would go to a local property manager
In tho climate in a good area id take 7% minimum
For the 48 unit: Rockford?
What is MSA? Where do you get area rankings?
Metropolitan statistical area, in my post I was using that as shorthand to imply I'm not in a major city. Google it, and you can get lists
Where in IL? The location dictates the return you need.