not much multifamily properties

2 Replies

I'm only interested in 2-4 unit properties.

I've been researching markets. I found some good markets (growing. population, economic anchor, good school district, etc). The problem is there isn't much multifamily properties in these areas (probably because they are kind of outside the city). For 1 of the markets there hasn't been much activity for multifamily properties in the area. There hasn't been a purchase (let alone cash purchase) of a multifamily property in a year. Should I eliminate this markets from my list?

Is this normal? How much purchasing activity is normal in a market where people invest in multifamily properties in? 

@Jason Ma I would suggest looking at a different market if you have exhausted every opportunity.  You can always come back to it at a different time to see if deal flow picks up.  There are lots of goof markets so I would look for another one.  Maybe partner with someone in a market that is good so you instantly have an advantage when trying to acquire a deal.  

Originally posted by @Scott Morongell :

@Jason Ma I would suggest looking at a different market if you have exhausted every opportunity.  You can always come back to it at a different time to see if deal flow picks up.  There are lots of goof markets so I would look for another one.  Maybe partner with someone in a market that is good so you instantly have an advantage when trying to acquire a deal.  

 thank you