Having a hard time finding more units

[Andrew Hartley]

I am a local real estate owner with 10 doors in JoCo, and I am having the hardest time finding more doors to add to my portfolio. I have been searching for over a year and a half to grow my business, but it seems like prices have gone up so much that it is no longer feasible to buy any homes for rentals. 

As an example I mostly invest in the Olathe area, and my properties I bought range from $79,000-$100,000 for 2 bedrooms. Now these type of homes only 3 years later are selling for $150k or more. I don’t see how anyone can make money in the current conditions especially when you’re using a lender, what am I missing?