Central Coast of California

[Jon Wesner]

I live in Orcutt, Ca and am currently in the market for multi-family properties. The problem with my area is lack of inventory, and what there is for sale I have not found a cap Rate above 4%. Any advice for looking beyond cap rate to analyze deals or should I just steer clear until prices correct? I have been looking in the Phoenix area as well where cap rates are higher.

[Ben Tilbury]

Hey Jon, I understand your frustration with our current market and the numbers are tight for cash flow but there are deals out there if you catch them at the right time. I'm also very familiar with the AZ market as one of our real estate teams is based in Phoenix and I also am currently looking for properties there for myself. Shoot me a PM and tell me more about what you're looking for and your price range and your financing stategy and maybe we can find you something soon! Either way I'm always looking to connect and meet other local investors so I look forward to getting to know you.