Need to put capital to work but can't find deals!

[Brian Garrett]

If you had capital you wanted to put to work but you couldn't find deals in your area (South Florida) that fit your business model what would you do? Change your strategy and look to other asset classes? Partner with a proven operator in another market? Lend on some hard money loans? Look for a GP opportunity in a syndication? Sit tight and wait until you can find deals locally again?

I've been struggling to find 5-15 unit value add multifamily deals and even single family flips here in my market. Prices are sky high, inventory is very limited and it's insanely competitive. I need to put some capital to work rather than have it sitting in a savings account.

What would you do in this situation? 🤔

[David Braun]

I say broaden your base, look outside your immediate area but try to stay within a 3-4 hour drive. However, this problem is a national one not a Florida problem :-(