Hello All,I'm interested in some valuable feedback on the multi-family real estate market in Greensboro, NC.My research has been formulated from various sources; however, I would like to hear from a few BP members that are in the trenches and/or currently invested in this market.Key indicators like job and wage growth seem to be holding steady for the last several years and property values seem to be increasing steadily.Can someone give me their view on the current cap rates & vacancy rates in their comp set?

I too am beginning a marketing campaign to acquire a tear-down, and erect a new structure, preferably a multi-family new build; here in Los Angeles. 

Maybe someone here who has had a similar experience in their journey can shine some light on the scenario, keeping in mind the following:- I want to do multi-family, probably start with either a duplex or triplex.

You will quickly learn that you don't have to get it all right from the get-go, and you don't have all your business "systems" worked out and ready to go.

Interested in multi unit, over eight units. 

He is looking for 5+ multi unit complex or mixed use commercial space.

This way all specific systems that could cost big $$$ are getting evaluated by the people who know them ( and the plus side is we are getting prices to fix items if needed).  

You should be using a real number based on the property, but for early evaluation purposes, I use 7-12% for multi-family properties, based on initial condition.

Collecting my thoughts based on your responses, I'm in a position to summarize my requirements better now:# of Units:     5 units or more Multi-Family propertyBudget:        $350kCondition:    Could need rehab or have very good operating cashflow numbersLocation:      Anywhere in the USI'd be happy to hear back from Wholesalers, Property Owners and anyone who has or knows someone who has a deal. 

Hello All,I'm interested in feedback on the multi-family & SFR real estate market in Greensboro, NC.I would like to hear from BP members that are in the trenches and/or currently invested in this market.Key indicators like job and wage growth seem to be holding steady for the last several years and property values seem to be increasing steadily.Can someone give me their view on the current cap rates & vacancy rates for multi-family properties.I would also like to connect with residential & commercial real estate agents for any current/future opportunities.Thank you in advance