All Forum Posts by: Julie Nealey

I thought that space would be a little less competitive, too big for mom and pop and too small for most syndicators but I was wrong. From what I've seen and watch in WA, ID, CO and OK, the 2-4 units have massive interest from house hacking/owner-occupied investors, sticking with residential financing and dipping their toes into REI. Then you have investors like me looking for "commercial" opportunities, 10-80 units or so. Not for syndicating but personal buy and hold deals or small JVs. But that space is still super crowded with 1031 investors scaling up and/or small, new syndicators. But it seems like most experienced syndicators want 100+ units as the efficiencies of scale are much better. I have yet to find a niche market, property type that is NOT super competitive and crowded these days.