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Updated about 10 years ago,
Anyone still seeing over 10% CoC in new Multi-family deals? Where?
I've got a few dozen units in a couple of states, but am seeing multi-family inventory drying up in those states as cap rates decline and more investors are bidding up each deal. I've been hearing from various places (podcasts, seminars, meetups...) that the primary and secondary markets are getting really bid up across the country, but that there are still some opportunities in some of the smaller markets out there. I was wondering if anyone is still seeing a 10% + Cash on Cash return in their new multi-family deals? I'm looking to put some money to use in a new area or two and if anyone has any input I'd be very appreciative. Thanks!