Multifamily The Investment of Choice for Many Commercial Investors

Is anyone interested in starting a multifamily discussion forum here?  This property sector has been heating up lately, and is starting to attract big money from Canada, South America and even a few European and Asian countries.  Here in the Desert Southwest we are definitely seeing the Canadian influence in greater numbers as well as some capital from Asia, and of course institutional money.  At today's prices it is very reminiscent of the RTC days when over a period of 5-7 years millions in profits were made buying, rehabbing, stabilizing and ultimately selling these assets.

Here in the Phoenix MSA we have seen great success with trustee's sales, REO's, non-performing note sales, and even bankruptcy workouts.  Anyone who bought a building in the run-up between 2003 and 2008 (give or take) is more than likely upside down today and struggling to hang on.  If they can manage to avoid a financial/payment default, they still face a maturity default when their loan comes due and they are unable to refinance without adding significant new capital, which many view as throwing good money after bad - assuming they have the money to come up with in the first place.