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Updated about 7 years ago,
Are Buying Agents that look nationally available
Are there Agents that specialize looking at the entire US market to find apartment deals for buyers? It seems like most agents focus on a smaller market like one city. Problem is that I cant figure out what market I should be looking in and it is overwhelming to look everywhere. I would love some advice from a professional on where to focus as well as help with finding deals. I need someone that has their pulse on many markets and has connections in many. Does anybody do this? Below is my buying criteria (feedback welcome)
I have $200K cash to invest and I am looking for apartment buildings anywhere in the US that can meet the following criteria:
-$2K per month minimum cash flow
-Location: C areas that are in the path of progress that are likely to transition to B areas. Or properties that are already in B or A areas.
-Building type: C properties or better
-Return: 10% cap rate or better on actuals. Less than 10% cap rate ok if there is a strong value add play and/or property is clearly in an emerging market and in the path of progress.