Investor · Pawtucket, RI · Member since 2016 · 58 posts · 34 votes
Hi BP,
I am on the hunt for my first apartment complex. I have been using the MLS so far for my investing.
I am thinking somewhere along the lines of 8-12 units for my first. I have several agents keeping a good eye out for me. I have sent letters to just about every apartment owner in the surrounding towns where I live in Massachusetts. I have received some calls however none have worked out so far. Does anyone else have any creative ways to target owners of apartment complexes to try and complete a deal?
Specialist · Milford, ME · Member since 2016 · 630 posts · 378 votes
7y
Maybe call for rent ads and ask if they would consider selling. After all when they have vacancy is when they are possibly considering options. Also you may attend an eviction day at the courthouse and find some fed up landlords. Our courthouse has a list of all the plaintiffs on a board at the courthouse so you can get the names without wasting the day.
Specialist · Milford, ME · Member since 2016 · 630 posts · 378 votes
7y
Maybe call for rent ads and ask if they would consider selling. After all when they have vacancy is when they are possibly considering options. Also you may attend an eviction day at the courthouse and find some fed up landlords. Our courthouse has a list of all the plaintiffs on a board at the courthouse so you can get the names without wasting the day.
I am on the hunt for my first apartment complex. I have been using the MLS so far for my investing.
I am thinking somewhere along the lines of 8-12 units for my first. I have several agents keeping a good eye out for me. I have sent letters to just about every apartment owner in the surrounding towns where I live in Massachusetts. I have received some calls however none have worked out so far. Does anyone else have any creative ways to target owners of apartment complexes to try and complete a deal?
Look forward to the responses!
Have you tried your local commercial brokers? They usually have some apartment complex listings.
Rental Property Investor · Portland OR · Member since 2018 · 2k+ posts · 3k+ votes
7y
Find a good commercial broker that specializes in Multi Family... That number of units wont be listed on the MLS and the good ones will sell without ev r being advertised. You can try using Loopnet to find a broker, but suggest the biggest and best brokerage house you can find. They will have the lay of the land and you NEED that in this game.