In NY or LA, can you acquire any good multi family buildings these days with just $1 million in equity, so a $4-$5 million total value?
And what would be the best way to search for these properties? Would you hire a broker from a reputable firm like JLL? Not sure if they’d be involved in transactions at this size in these markets.
Not gonna get you much but can find small buildings particularly in the boroughs. Just don't buy anything stabilized unless you like losing money.
You'll wanna talk to brokers like Marcus and Millichap - JLL would never touch a deal that small.
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