How hard is it to find good deals?

[Matt Tortora]

I am brand new to multifamily investing and looking to acquire my first property. I've heard that there is a lot of competition for good deals in the $1M - $5M range. So I would love to get insight from others with experience.

Just how hard is it to find good properties? How competitive is the bidding process? What are the best channels to use when looking for properties?

[Anthony L Amos Jr]

Quote from @Matt Tortora:

I am brand new to multifamily investing and looking to acquire my first property. I've heard that there is a lot of competition for good deals in the $1M - $5M range. So I would love to get insight from others with experience.

Just how hard is it to find good properties? How competitive is the bidding process? What are the best channels to use when looking for properties?

Finding good properties really depends on what you’re looking for. High cap rates? Cash flow? Long-term growth? Different markets offer different strengths, so start by knowing your goals and budget.

Don’t stress the competition. Just make offers that work for you—and if it doesn’t pan out, move on. Sometimes mixing it up with a seller finance option helps.

And for finding deals? Stay consistent. Use realtors, marketing, networking—just analyze a lot of properties. The good ones show up when you’re doing the work.