Hi everyone! Im just starting out looking for my first syndication deal and got advice to buy in or near my backyard. Im in the Pacific Northwest and would look in surrounding areas (Montana, Idaho). Would love to connect with anyone in Montana, Idaho, and cities like Eugene, Spokane, and other secondary/tertiary cities.
We're pretty well aligned on criteria Dustin, I'm looking for class B and C apartment buildings that have between 5-50 units. We seek at least a 10% cash on cash return once stabilized. We like to focus on apartment buildings that are run by mom-and-pop operations. Development potential is a bonus, either by scraping the building, or by building additional units.