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All Forum Posts by: Mathew Williams

Mathew Williams has started 1 posts and replied 1 times.

Starting Out

Post: New Jersey!! Why is it so hard to find my first deal.

Mathew WilliamsPosted
  • Posts 1
  • Votes 0

Hey Guys

I been searching for my first investment property for a few months now. I am looking for a 3-4 family to live and rent. In my search i noticed that the market is really hard to find deals. I was told  to look for a cap rate of 12% or more . If i do find a property that can get me that cap rate i usually get outbid by people paying over the asking price. What should i do? Should i wait till it’s a buyers market again?

0 Votes