Searching For The "Golden Market"

[Simon Wold]

I have been looking for multifamily buildings that I can perform the BRRRR strategy on in my hometown of Seattle, WA. Unfortunately, I haven't had any luck finding a deal that even remotely makes sense.

It has been several months now and I am starting to get anxious! From hearing people stories, there are areas out there where this strategy makes sense and can be done at a lower cost. Has anyone had success with the BRRRR strategy on apartment buildings in areas like Denver / Florida / Texas? I am trying to pick a specific market before I go looking for potential partners!

Any help / advise / knowledge is appreciated!

[Account Closed]

My advice is to get a list of small MF (less than 50) owners in your market that has owned them for more than 10 year and send out a letter asking them if they want to sell.