Buy or wait multi family

[Johnny Khoury]

Hi Guys,

I have been looking for Multifamily deals for a while now but nothing came across with good returns.

My questions are

what constitutes a good return for you guys 6% CAP Rate the Norm now?

should I start small 5 to 10 doors or go big 200 Plus

let me know what do you guys think and how did you guys start.

what to look for as a value-added and how to spot good deals

thanks for all your help in advance 

thanks

[Paul Choi]

If you have no prior experience, then 1-4 is the way to go because lenders will be hesitant to lend you $$ on a 200 unit deal.

If you want to get into a bigger deal, partner up with someone more experienced.  

Or if you have experience, then go for larger deals as long as the cash flow numbers work out!