seeking multi-family opportunities

[Brian Hall]

Hey yall. My name is Brian. I have been doing turnkey single family homes for a while and am looking to make the jump to smaller apartment complexes. I have good relationships with turnkey providers through the Jason Hartman network, but am starting to feel like I need to deploy more cash. Need 8% or better cash on cash. Not looking for syndicators. Do you know of markets or wholesalers in markets that have inventory or can help me find deals? Do you reccomend certain books for learning how to source these types of properties? Realistically for us it is anything under 20-ish units.

thanks in advance. 

[Noah Chappell]

@Brian Hall hey Brian! I'm a buy & hold investor in Minneapolis, not an agent or broker, etc. My 2 cents.. You're going to need some connection to or team in the place you're going to invest if you're looking to advance past turn key. I'd try to think of a midwest city w/ good stats (ex >250k pop, growing population, median income >3x median rent, low crime, diverse economy, etc) that you have a connection to - friend, fam, etc. At very least should be somewhere you don' mind visiting relatively often - you're going to be tied to this place. You can check out neighborhoods in this city w/ trulia heat map & choose somewhere low crime. I'd set up search criteria on Redfin, trulia, zillow to get notifications when properties come on market. Start calling realtors about properties, & call management companies in area to build team. Offer on interesting property w/ contingencies, then fly out for inspection, to meet management in person, etc. It will be a bit of front loaded work, but if you get comfortable w/ a city you'll do great from a distance & eventually you can pair things down to yearly visits, if that.