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Updated over 12 years ago on . Most recent reply

David Turner's profile image
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David Turner
  • Real Estate Broker
  • from Flower Mound, TX
  • Member since Dec 23, 2012
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David Turner
  • Real Estate Broker
  • from Flower Mound, TX
  • Member since Dec 23, 2012
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David Turner
  • Real Estate Broker
  • Flower Mound, TX
30
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Multi-Family and Apartment Investing

DFW Multi-Family Market

David Turner
  • Real Estate Broker
  • Flower Mound, TX
Posted

Hey everyone,

I am looking to maybe get into the multi-family game here in North Texas. What is the best way to find good properties in the area? I have been looking on LoopNet and have seen a few, but being new I don't know how good of deals they are. Are there any good realty companies that specialize in MFR's?

I am looking for somewhere from 4-20 units. I have a good deal of money to put towards it.

What sort of cap rate should I be looking for in this market? Any areas of the metroplex that I should concentrate on? Or stay away from?

Thanks for the reply's.

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Jon Klaus
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  • from Garland, TX
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Jon Klaus
  • Developer
  • Garland, TX
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Marcus & Millichap are big players in DFW MF. 4-20 may be on the small side for them.

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