Updated over 4 years ago on . Most recent reply
People dynamics for multifamily buying
This question has been bugging me for a while as I have started learning about buying a multifamily. I own a few single family and even my home, and every time one buys a single family home, the real estate agents are the only ones to communicate/negotiate, and the buyer/seller never meet or talk to each other.
Is this different with multifamily and deals involving 10s of millions of dollars? If I place myself in the position of buying a 10 million property, part of my due diligence would be to read the seller face to face and build trust. How does this work with a broker helping me buy the property, and a seller's broker on their side? I am more curious as to how the discussions go and what the norm is and how to set expectations if this is not the norm. (I would still need an agent to guide me and run the paperwork since I am not qualified).
I have a bunch of these known/unknown questions of the practicality of going "big(ger)" into real estate investing. Are there good resources folks can recommend?
Thank you in advance for the help! Its greatly appreciated.