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Updated about 3 years ago on . Most recent reply

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BJ Grove
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Looking for first multi family

BJ Grove
Posted

Hey, I'm relatively new. I've been wholesaling and have a good handle on that. My end goal is to get into multi family. How can I find and get in contact with brokers that are reliable? I know how to pull lists and all that(working on that through propstream). Any advise to get into multi family would be great. Trying to obtain a total of 10 doors by the end of 2022! So the hustle continues! Any and all pointers would be great. 

I am also a part of my local REI meetups here in Central FL.

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

If your focus is on doors over value in multi, you will find yourself buying for the door and not the asset which will hamper your journey long-term. You have to know the off-market options and the on-market options when it comes to multifamily. More multifamily trades on-market so I would have an investor-friendly agent who you work with, one who can bring buyers for your wholesale deals also, and make sure they keep you up-to-date on new multi listings. Are you buying conventional on these multis or house hacking the first one?

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