Buying my first multi family

[Sara Aviv Berger]

Hey everyone,

I'm a RE investor buying SFH so far and I'm ready to buy my first multi family property, up to 10-12 units, depending on the market.

I’m trying to find out which markets can offer me multi family with a cap rate of 10% and more? Is that even exist in today’s market?

Tell me, where do you invest to get these numbers?

Thanks!!

[Arn Cenedella]

@Sara Aviv Berger

A true cap rate of 10% does not exist in any kind of growth market in the USA.

I was on a call with Neal Bawa earlier this week and he said AVERAGE CAP RATE IN THE US is now 5.2%.

Cap rates in the top markets like Phoenix Dallas Atlanta Charlotte are in the 3s to low 4s at best.

Every investor out there will jump for joy with a true 6% cap rate in a growth market.

At the present time, if I can find an asset with a true 5%+ entry cap, I give it strong consideration.

I believe a reconsideration of your investment criteria may be warranted. 😀