Agent/Broker or wholesaler needed

[Oyane Jacques]

Hi All,

I'm looking to buy my first multi-residential/commercial property but so far it's been very challenging and time-consuming to find a great opportunity. I'm wondering if there are any CCIM designated broker, real estate agents or wholesalers here who are willing to assist me. My preferred locations are Florida, Chicago or Texas. Minimum 20 units; minimum cap rate 10%. Thanks in advance. 

[Benjamin Pekarek]

@Account Closed, 

Rather than reading my detailed post above to answer your question, you've simply continued your attack on my credibility...not too sure what I did to you to cause you to make an *** of yourself...but that's not my problem. To AGAIN answer your question. Depending on the specific market (Tampa, central FL, Sarasota, etc.), and the class of property (A-D), there is a market CAP rate, and therefore anticipated NOI. This is Real Estate 101! If you're buying a class D property at 5% and expecting appreciation like a class A, you will be in for one hell of a shock when you go to sell! THAT is the overpaying "worst" investor you're speaking of above. To again attempt to educate you on my markets :

For central Fl, Class C & D properties/MHPs, the current CAP rate is 11%-13%.

For Tampa, Class C & D properties, the current CAP rate is 9%-10%.

For Sarasota B properties, the current CAP rate is 4%-5%. For C & D, 7%-9%.

For Leon county (Tallahassee), B class apartment complexes are trading for 8%-9% due to the demand for student housing.

Again, assuming you know what you're talking about (3.3K posts, you shouldn't always be such a hard headed individual), you should be aware that you can beat the market, or lose depending on the current demand (CAP rates shifting due to increased/decreased demand), or a distressed seller/buyer purchasing on emotion.

The above rates are pulled directly from the various Realtor sold metrics, specifically GTAR (Greater Tampa Association of Realtors), RASM (Realtor Association of Sarasota and Manatee), and EPCAR (East Polk County Association of Realtors).  

Does THIS post now answer your question?