All Forum Posts by: Doug D.

thanks to all for your insightful responses. As a former ( non practicing) real estate attorney, one other consideration in the TIC or syndication options is that when the interest is sold it cant be rolled over to another 1031 property. I prefer to maintain control and flexibility. Im from LA and know that in California it is nigh impossible to find 6% cap rates except with really risky property. In my original post i mentioned I would be getting a "significant " amount of cash out of my exchange. One comment appropriately asked what is "significant" since that could determine the type of investment options available. In my case it is about $3.0 million. with leverage that can translate into a decent sized investment(s) depending on the market. I have alot of experience in building and substantial remodels in single family homes and have done well. Not so experienced in apartment or commercial.. I would consider commercial but need to educate myself more...residential just feels more comfortable to me due to my past experience

Im not afraid of value add ( thats what i do in single family) but with the funds coming out of my 1031 I need to replace steady income formerly coming from my job, so cant gamble too much ( have other funds to do s little more "value add" investing).  

have been  looking in Portland, OR. Seems like its possible to get 6% cap rates  in multi family but a little worried about job growth and possible over building there. its a hot City for young people but less strong employment opportunities than elsewhere. Any ideas on Memphis, Denver or other markets.  

thanks all. 

What are good U.S. markets to get 6% or better cash on cash returns in multi-family? 

In the next 3 months I will be doing a 1031 exchange. Significant cash coming out of the sale.  Looking for stable income moving forward. I'm an experienced real estate investor (but not in multi-family).