Palm Beach County - Multifamily

[Brian Garrett]

I've been having a tough time finding a value-add multifamily deal in Palm Beach County, Florida. Specifically in the 5-15 unit range. I've looked North into Martin County but there's very limited inventory and in St. Lucie County they seem to be in the rougher areas of Fort Pierce for the most part. I'm not particularly interested in going South to Broward or Miami. I'm looking for a C+ or better asset that can be repositioned. I've been trying all of the normal channels (MLS, Loopnet, Brokers) and next I'll start some direct marketing to owners. I haven't found any wholesalers who specialize in 5+ unit deals they all mostly have single family and occasionally a small 2-4 unit multi. Anyone having better luck in this area? I'm really trying not to venture into other markets or go out of state since I have all my contacts and resources here locally but I've got to get some capital to work!