CAP rates in Florida
Hey guys, this is my very first post. I am looking to invest into multi family properties in Florida. I would like to hear from seasoned multi family investors. What CAP rates are you looking for when you are trying to acquire cash flow properties. The brokers in Florida tell me that the CAP rates range from 6-7%. I do not see those CAP rates as a good deal. Would you even go through a broker? Would you try to find off market properties? Please share your thoughts. Thanks!