MHN is reporting that there is about $18 billion in distressed multifamily properties right now and that this could increase dramatically over the next few years.  While some would look at this as a bad thing, I see this as a huge opportunity.

With many markets seeing a pull back in rents and an increase in vacancy rates, investors are watching as the value of their multifamily projects vaporizes.  That is the dinner bell for savvy investors. 

Currently we are searching for multifamily properties across the Seattle area and in Northern Idaho.  To compliment this we are looking for lenders and partners to make this happen. 

From talking with the other real estate professionals that deal with multifamily properties, I am convinced that they are the way to go.  Single family housing is just too unpredictable right now, plus apartments offer the power of scale.

Contact me today so we can start making deals happen!

Photo courtesy of: Timm Suess