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Updated almost 5 years ago,
Multi Family Investment - Wilmington , NC area
Hey everyone , I'm new to the forum and i've enjoyed the vast amount of education that Bigger Pockets has to offer . My question is , Im looking for 24-50 Unit Multi-family apartment complexes , the market is over priced and anything that comes up isnt even close to making a 15-22 % ROI . What should I do , save cash and Wait till the market stabilizes a little in a year or 2 ( hopefully ) or invest in a different department like retail commercial that may yield 8-10 % ROI ? I have multiple retail buildings and i have been wanting to invest in larger multi-family units for quite some time . Where should i look for deals , Off market ? Drive areas , look for address and write them ? Contact every Broker ? Loopnet ? I know the answer may be to do all of them but I run a few business and that is my main concern so i cant invest too much time from that and affect my primary income. Any Thoughts