Well, I’ve written 4-5 offers this week.
And I just stumbled across a deal that’s going to end up being somewhere between an 8.5-9.5% unlevered yield (eg cap).
Of course, these things aren’t just falling off trees.
You need some combination of superior local knowledge, skill / experience, and sufficient capital.
Inventory is definitely tight, but, if you have what it takes to add value, there are good moves to be made.