If interested i could perhaps put you in touch with them to share some insight!
The Answer is yes! There is always a need for rentals in our area due to how many Universities we have. I would recommend you hire a Full-time Real Estate Broker as some of the best rentals are not publicly listed. Not all sellers want to list and have everyone know that their building is For Sale. The seller works closely with a broker and gives them what is called a 'pocket listing" ie. not a formal listing but, if you have someone who is serious and looking, I am always willing to sell.
Let me know if I can help you further.
108 State St.
That depends on what you are expecting as a return. If it is simply monthly cash flow then your best best would be an established unit with 3-6 units and good rental history. Unfortunately, units with good cash flow are generally not for sale. But there are also the benefits of tax write offs, depreciation, building equity while paying down the principal... and the list goes own. A true investor looks at the toal picture not just the monthly income. Are you looking for owner occupied or strictly investment? How will you finance it? Have you been a landloard before? Many lenders will take this into consideration when reviewing a loan application. There are specific formulas which are helpful determining whether a particular property is a good investment or not. If you are just getting into this market, I recommend finding a good agent with history of dealing with investment properties, sit down and establish your goals. Then go on from there.
Town & Country REALTORS
I'd be happy to help you get started by sending you some listings of multis currently on the market so you can start comparing.
ERA Dawson Bradford
417 Main St., Bangor, ME 04401
C - 207-735-6988 F - 207-941-9866