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Updated over 7 years ago,
Stats to look for in a large multi
I'm looking to learn the ropes of large multi-family complexes with a goal to acquire one with 30 doors in the next few years. So I wanted to asked more experienced investors what they look for in a large multi deal.
Apart from buying in a strong and growing market, what do you look for in terms of cap rate, property layout, types of value ads etc?
I've heard people throw around a target 10% cap for large multis. Is that reasonable or rare? Thanks in advance.