Where and how to look for larger commercial apartment buildings?

[Jeff L.]

we are thinking to acquire a 30 or 50 units apartments in the near future, but every where is expensive and does not make sense, is Sacramento or Stockton having those with good cash flow? I don't want to go further than 2 hours from the Bay area.

[Michael Kovac]

Thanks for posting @Jeff L.

The truth here is that a lot of commercial deals of that magnitude that you are speaking of do not hit the open market. Commercial brokers such as myself have a network of buyers lined up ready to pounce when smart sellers put the feelers out. Your best move would be to extend your list of needs to as may commercial brokers as possible in the market you are pursuing, tell them why you are a good buyer and let the deals come to you.

Furthermore the "everywhere is expensive" and the "deals don't make sense" is something you will find in the bay area as it is a heavy appreciation market. Look for value add, development opportunities, up and coming markets and undervalued assets. 

Best of luck!

Michael