Not enough deal flow or being impatient?

[Stephen Brown]

Hello BP,

My father who is my private money lender has required me to focus on my city of Toledo. I currently own 15 units of small multifamily here and I only buy B class properties. These properties are hard to come by and I've purchased all of the ones I own via cold calling. I'm trying to purchase larger multifamily here in the area  (8+ units), which is even more difficult to come by, but I want to scale as quickly as possible.

I'm starting to catch the shiny object syndrome again, maybe it be due to lack of faith, or impatience. However I've been thinking I might need to switch my strategy or I may be waiting forever. Another part of me feels like this is a good test of patience and the right deal will come even though I have underwritten anything for quite some time.

My options are: wait, find another market, or change the asset.

Thanks BP!