Searching for Multifamily Properties

[Ally Mager]

Hello,

We’re looking to 1031 out of our properties here in Portland, but cannot find a property that we would like to transition into.

We have multiple offers on our properties, but will not sell/list until we have found the correct property to transition into due to not wanting to be under the strain of a 1031 time clock.

Over the last year we’ve been in contact with realtors throughout many states, and have been using LoopNet/Crexi, etc., My question is, what other search sources do you use to find property?

We’re looking for a property that fits the following criteria:

- Value between 18-28 million

- Located in a red state with good landlord-tenant laws (Texas and Idaho are our preference)

- If Texas, not near the boarder, San Antanio or Houston area. We self manage and do not want to live in those areas.

- One building, or 2 if very close together

- No student, affordable or high rise housing

- Built after 1980

I understand that we’re looking for a needle in the haystack given the current market conditions, but would appreciate any advice on other sources to look into!

Thank you😊

[Andrew Bilis]

@Peter Nikic @Ally Mager I think Nashville is a great rental market and a great place to live. I work with investors who have numerous rentals all over East and West Nash. With the market being so hot, many people believe you cant find 1% rentals, but all the properties I work with are all either at 1% or just under.