Exiting 2 deals in next 90 days seeking deals in 5-40 unit range

[Porter Nellans]

Hi All,

My partner and I are exiting 2 deals with 1.5m in the next 30 days. We have been working to identify commercials brokers in the Minneapolis and Las Vegas areas however we are coming up short. Those are not the only markets we are open to however making the shift from smaller multifamily to larger commercial properties has been challenging.

Does anyone have advice on locating and building relationships commercial brokers in new markets?

Thanks,

Porter

[Joel Owens]

Are you doing a 1031 exchange?

Are you accredited investors?

If you are trying to buy larger multifamily maybe investing in a much larger project from a local syndicator might be the answer. 

What type of returns are you trying to hit as well? I find sellers often love selling and realizing equity gains but are often deflated by then what they can buy in the market at a certain price.