Updated 12 months ago on . Most recent reply
Looking to buy my 1st multi-family property
I am looking to buy my first multi-family property and want to know what's the best way to find good deals.
Is looking online at sites like LoopNet sufficient? Is proprietary deal flow the only way to find good deals? What's the best path?
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#5 Starting Out Contributor
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- Mendham, NJ
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#5 Starting Out Contributor
- Real Estate Consultant
- Mendham, NJ
If you are looking for commercial properties, 5 units and above (if that's what you meant by multifamily), the Loopnet is ok, but really for larger deals. The MLS (syndicated to Zillow, etc) is best for under 5 units because those are residential deals, not commercial.
What do you mean by proprietary deal flow?
Do you have investments already? What are you looking for? Do you have an agent? Do you have a pre-approval or cash ready?
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