There’s been so much growth in Multi Family investing over the past few years it can make you wonder if it’s too late in the cycle to get into good deals. Yes, a lot of people are overpaying for properties, especially newer, inexperienced syndicators. There’s also risk that rents contract in an upcoming recession coupled with higher borrowing costs when floating rates adjust upwards. The fact remains, however, that 50% of the country are renters, and there’s still a big undersupply of B Class workforce housing, especially in the suburbs. There’s just not enough of this inventory and you can’t build it. Mitch Siegler, Co-founder and Senior Managing Director at Pathfinder Partners, finds deals underneath the radar of larger institutions with an average of 100 units in growing markets with value-add opportunities. This is how he’s mitigating risk and continuing to provide great returns for investors in this increasingly competitive market.