Updated about 7 years ago on . Most recent reply
Finding off market multi-families
Hi, all!
I work for a flipping business in the San Francisco Bay Area. My company is currently looking to expand to value adds on out of state commercial multi-families. Aside from calling brokers, does anybody have advice on finding off market deals out of state?
Most Popular Reply
Hi Andrew,
Based on success, the best off-market deals I have been notified of come mainly from brokers. Ultimately the more properties you can have funneled your way without your searching the better; brokers are the best option here. However technically every deal not listed for sale is off-market. Here are a few methods that I know of to find these potential deals:
- Go to a site and find apartments that have vacant units. Search for these properties in tax/assessor records to find the owner. Contact the owner for possible sale.
- Mailers.
- Ask local property management companies for their worst properties.
- Harder to do remotely- but take a trip and do drive by's to find properties you may want to pursue.
Hope these options help. I definitely try and rotate between these different items as I can.
-Nick