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Updated almost 5 years ago on . Most recent reply
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I can't find any good rental properties
The last 2 weeks I've been trying to locate and analyze properties on the market and so far I've been handed 6 and none of them worked out. Only one was fairly close to passing my checklist but it fell through because I'd be inheriting a very bad long term lease with all the tenants.
The area I'm trying to invest in is pretty competitive so I get why any good deal would get picked up pretty fast but the last week I haven't been sent anymore properties to analyze from my agents (I have 2). I was just curious, in your personal experience how often do you see multifamily rentals (2-4) go on the market?
Could it be people aren't listing because of COVID? I'm probably just being impatient, but I'm not sure what to do I feel like it's out of my control. I'm just waiting for properties to go on the market and I feel like I'm being lazy. Should I start cold calling or driving neighborhoods to find potential properties; isn't that kind of the agents job? Thank you for any advice given.