sell other assets or properties for a 10-20 unit multi family?

[Tajinder Kandola]

Would it be Advisable to sell other assets or properties for a  multi family that cashflows really well? Or would it be better hold off a little longer?

[Christian Bors]

A colleague and I were just having a conversation the other day about desire for multi families.  It seems everyone wants to trade up to larger buildings.  This is driving the prices up and the cap rates very down.  Locating one will be challenging just like @Russell Brazil had mentioned. I believe he said he's looking in a 12 hour driving radius for one! I used to want to trade up, but multi's are very expensive and difficult to find a deal. Everyone is flooding to that market. I would suggest stay small and dominate the niche instead of trying to trade up to larger units. Unless you are going for 1000+ units, what's wrong with owning a lot of SFH or small multi's.