Finding Multifamily brokers
Hey everyone,
I'm interested in purchasing an apartment building(s) in Maryland (30 to 70 units), and perhaps in certain areas of Delaware or Northern Virginia. Are there better ways of tracking down brokers in this space other than seeing who is active on Loopnet? Thanks.
Most Popular Reply
Paul, I am a newbie to MF as well and just recently (this week) I have been looking for a broker. I started by searching "Kansas City Multifamily Brokers" and looking on Loopnet for who had the listing types and areas that I am looking for. Then I spent a few hours calling around, some said that "I don't work with less than 100 units and others would only work with institutional investors but I would ask for recommendations and they all started to recommend the same guy. I took that as a good sign, so I called him up and he promptly called me back. I explained that I had worked in SFRs and that I am totally new to MFR and needed a sherpa. He eagerly suggested that we meet next week to talk about my goals, so far I think I am on the right track.
Hope that helps.