Finding Multifamily brokers

Multi-Family and Apartment Investing
13yFollow

Finding Multifamily brokers

Paul Khazansky
Investor · Washington D.C. · Member since 2013 · 94 posts · 18 votes

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.

0Reply
29 views

Most Popular Reply

Seth Wilson
Specialist · Kansas City, MO · Member since 2010 · 71 posts · 27 votes
13y

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.

2Reply
See this reply in the discussion

9 Replies

Jump to latestLatest
  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    13y

    NHMC

    National Multi Family Housing Council

    Podcast Guest on Show #47
    NNN Invest53 Reviews
    WebsiteView Page
    0Reply
  • Paul Khazansky
    OP
    Investor · Washington D.C. · Member since 2013 · 94 posts · 18 votes
    13y

    Joel Owens Thanks Joel. Do you have to be a member to track down brokers in the appropriate area?

    0Reply
  • Kevin Young
    Investor · San Francisco, CA · Member since 2008 · 83 posts · 50 votes
    13y

    Paul Khazansky you may want to check out the CCIM site too.

    http://findaprofessional.ccim.com/search

    you can sort by MF brokers, state, zip, city, etc.

    1Reply
  • Seth Wilson
    Specialist · Kansas City, MO · Member since 2010 · 71 posts · 27 votes
    13y

    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.

    2Reply
  • Jeff M.
    Rental Property Investor · Alexandria, VA · Member since 2014 · 23 posts · 5 votes
    12y

    Paul,

    I am a multifamily broker in Northern VA, DC, and MD. If you would like, you can get in touch via the contact info on my profile page.

    Thanks,

    Jeff

    0Reply
  • Justin PiercePro Member
    Rental Property Investor · Woodbridge, VA · Member since 2008 · 543 posts · 121 votes
    12y

    Paul,

    My best source for legitimate real estate players are real estate lawyers.  Not title attorneys but the law firms that get involved in the full process.  I know a couple excelent attorney's in MD.  Let me know if you need the contact.

    That has always worked far better for me than loopnet or anything else.  Who new lawyers could be useful... right?  Haha

    0Reply
  • Brandt Tingen
    Rental Property Investor · Washington, DC · Member since 2014 · 94 posts · 12 votes
    11y

    @Justin Pierce Justin, I am interested in purchasing in the area and would appreciate these contacts.  Thanks, Brandt

    @Jeff M. Jeff, I am interested in purchasing a Class B or C MF unit in the DC area with a group of investors.  Please drop me a line to discuss futher.  Thanks, Brandt

    0Reply
  • Matthew Shay
    Investor · Miami Beach, FL · Member since 2017 · 71 posts · 12 votes
    7y

    Hi Paul, 

    I would bt interested to hear how did it go with the  MF purchasing in the locations you mentioned. Specifically, how did you track down the brokers and how did you source your deals @Paul Khazansky

    0Reply
  • Josh Oaten
    Investor · Phoenix, AZ · Member since 2017 · 261 posts · 143 votes
    7y

    @Paul Khazansky

    Look up the biggest brokerage companies in your area:

    - Colliers

    - CBRE

    - Marcus & Millichap 

    You will be able to find others in the area you are looking and get in contact with the top brokers at each brokerage. Make sure that before you do this you know and have your investment criteria ready to give them so they know you are serious.

    EG.

    • Units
    • Property class
    • Property age
    • Price
    • Other stipulation (Value add, occupancy, roof type, % below market rents etc...)
    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free