I see 1031 and OZ activity spilling so hard into new projects I can’t help but feel it’s more money chasing fewer opportunities and possibly creating a supply bubble over a mid-term time scale of 3-5yrs.I’ve ridden the “equity wave” with SFR and see at least a mid-term top this year...or at least I’m not a buyer in this climate and partially a seller.  

You treat me right, you are going to make commissions on more than one property off of me, and not have to chase down a lot of different buyers. 

Do we chase deals as prices continue to go up?

Others have to treat their flippers like tenants, chasing down monthly payments.

This is good news for about 40 other states because it will continue to chase people out of New York and they'll spend their money in our states.

Talk with  Tom Barbour at JPM Chase Commercial in Portland (503) 598-3657 They are the largest multifamily lender in the US.

I hate to say it, but most loan officers just chase the realtors and they are knowledgeable in owner occupied loans, but they may not really know what they are doing with rentals or especially when a person has 4-10 rentals.

If you built out a team, how did you find the players for your team and how did the qualification process go?

I’ve talk to countless doctors, dentists, IT professionals, and others who have tried to chase a side business like this and been miserable.That said, if you were going to do a deal just like this in the future, I would consider furnishing the units and offering them as long-term corporate rentals to those nurses and others.

But the people buying are the bigger players (ex. institutions, equity groups, etc.) and the newer investors (i.e. people that weren't investing in 2010 and 2011 and 2012).