Rental Property Investor · Castro Valley, CA · Member since 2011 · 81 posts · 17 votes
Hello All,
I recently saw a video titled “5 Powerful Paths to Multi-family Mastery” by Paul Moore that is on YouTube. One of the paths mentioned was to become a “Multi-family Deal Finder” and this is what got my attention and I would like to pursue this as one of my goals.
1 - What are the best websites that I could use to find good off-market multifamily properties for sale?
2 - How do I get an inside track to deals?
3 - Are there any books or podcasts out there that could be recommended ?
3 - What are some steps or things that I can do now that will help me reach this goal ?
Creating and nurturing a strong network of brokers (in my opinion) is the best way to become a multi family deal finder. You can also farm a specific market and cold call multi family owners and introduce yourself. Deal finding is all about networking and consistency. Keep tabs on owners you were able to reach and the brokers you get introduced to and follow up with them every few months.
Costar, loopnet, MLS, are some websites you can use. Costar owns loopnet btw, it isn't cheap but it will give you an insane amount of data.
@Joe Gilroy You know I think @Yoni Benimetzky said it well. Brokers are your best eyes and ears and boots on the ground in any location, including your own. I think you need to find a few that are responsive, know the market, and communicate with them often. Be realistic on your returns and they will feed the beast so to speak. Hope this helps.