All Forum Posts by: Ryan Koehler

Hey @Christopher Smith

This isn't necessarily what you're asking for, but here are some helpful numbers on the Madison area:

- Effective Rent: $1,115 or annual growth of 2.8% 

- Rent/SQFT: $1.32

- Occupancy: 98%

Good stuff, thanks @Account Closed

It's incredible how low this Cap-Rate limbo has gotten in recent years.

@Ron Martinez I would first go onto LoopNet and search for multifamily properties in your area to get a feel for the players in your market. Generally there will be a handful of properties listed but most of them won't be "deals". The listing brokers is what we want.

From there I would contact all the listing brokers on these deals and ask to be added to their Investor Lists that they send out for multifamily properties. This is a good way to be contacted going forward by the brokers before properties hit the market/MLS. It's a great place to start in my opinion.

@Steven Sierra LoopNet is also a great place to start. In terms of finding properties, it has its positives (most widely-used site) and negatives (harder to find "deals" here because the site is over searched with a lot of traffic).

However, the main way I use LoopNet is to find the prominent brokers in the area that are on top of the market and at the front of the deal leads. Connecting with these individuals is a really good place to start in multifamily investing.

@Lawrence Smith From my experience, AxioMetrics and REIS are the best sites to use but require a subscription.

- Berkadia has some really nice, free market reports you should check out. You can browse by region or report type for apartments: http://www.apartmentupdate.com/

Denise - The North Carolina Triangle is a really good place to be for economic growth and long-term real estate investment. Definitely take advantage of it while you can!

@Ron T. That's very true, but I think there's a potential sweet spot for B/C properties. I just graduated from Clemson in May, so I'm also really familiar with the massive amount of construction going on and the drastic expansion of the campus and downtown.

@Gino Barbaro One of the biggest excuses I've been hearing recently is that there are no deals left in multifamily and that everything is overvalued and overbuilt right now (especially Class-A). On a side note, thanks for all the work you and Jake put into helping and educating new investors. I can attest that your book, podcasts, and articles have been an incredible in my education.

@Mike Dymski Are you involved with any multifamily properties near Clemson, SC? That's one of the markets I'd like to be in.