Multifamily homes are extremely desirable in Missoula’s very competitive market. However, good investments do come available. Whether you are a seasoned investor or just getting started, there is one important questions you have to know.
What does a good investment look like?
The answer to this question is different for everyone. However, it is the most important to know if you are looking for a good property. Over the years I have consulted many people on investing in real estate and managing their portfolio. In that time, I have noticed one common theme. The investors that know exactly what they are looking for tend to do the best.
So what does that mean?
Some people come in saying they just want a good deal no matter if is commercial, residential or multifamily with no direction. The investors that take the time understand specifically what the are looking for have the advantage. For example, if you are looking at multifamily homes under 4 units with a specific cap rate within 2 miles of the University of Montana and 5 out of 10 for condition, you will be more focused on finding it. Most importantly you are prepared to move fast when we find it.
If you are looking to get into Missoula’s real estate market for the first time or want someone to review your real estate portfolio we can help. For a consultation please reach out to our office at 406-926-6767.