Where are the 10% CAP rate markets?

[Keyur S.]

Since I can't get any more conventional loans, I am trying to venture in multi family investing to add to my monthly cash-flow. I am looking to get around a 10% CAP or better however it seems that most people are very happy with the 3-4% CAP rate they get here in SF Bay-area.

Any suggestions on markets/metro areas where I can get a 10%+ CAP rate with an investment of around $2M or less?

I am also on the lookout for brokers and lenders for that market so if you are willing to work with a newbie commercial investor, do reach out!

thanks in advance!

Keyur