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Best Muyers Market - Posted by marcello

Posted by marcello on April 15, 2004 at 12:06:23:

I need some insight. I have about 500k coming out of an exchange in SoCal and I am looking at many places nationally to purchase a multifamily property up to $2 Million in size. My main criteria is that I am looking for stable cash flow (far better than SoCal area). I need a 10% cash on cash return and likeley 8+ cap. I have looked in Phoenix, Cincinnati, and parts of KC, however, I only know small amounts of the pros and cons of each area. I would greatly appreciate any insight into these areas and also please feel free to enlighten me on new areas that may work that i have not mentioned.

Additioanlly, I prefer concetrated areas and typical not desert, however am considering Arizona because it is very close.

Thanks for the help.

Manny

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Posted by cheryllopez on April 17, 2004 at 23:42:13:

MARCELLO –

Have you consider buying mobile homes & RV parks as part of your “multifamily property”?

Check out this website on mobile home & RV parks www.49erRealEstate.com will offer info on parks for sale in California, Arizona, Nevada, Oregon, Washington.

GOOD LUCK
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