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Real estate

By Terry Savage on November 09, 2021 | Housing / Real Estate

Terry
I own a few multi-unit income properties (6 & 12 units) in suburban Illinois and I’m looking to purchase another. Do you think that it’s the right time to purchase? I feel that single family homes are 30% over priced and multi-unit properties are following the trend.

Terry Says

Only YOU can decide if a specific property is overpriced. Some sellers may be liquidating because they didn’t get rent during forbearance and can’t afford the mortgage payments. So you might get a bargain. Then again, you’ll have to deal with the renters and their ability to pay!

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