I'm a landlord for the past 4 years, I've successfully built a decent portfolio of 203 doors in total, I own properties anywhere from a single family home to a 12 units buildings.
Being in the REI game intensively in the past 4 years teached me a lot and today I'm very confident on what I'm doing and how I'm doing it. But I feel that it's my time to scale up.
The only thing that I am trying to crack but didn't really find a definite successful method of how to find a large multi unit apartment buildings for sale (not thru Tenx or any of these platforms)
I've been digging for quite a long time and tried different methods but no luck so far.
I will appreciate any advice on how to find those large multi units buildings
Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
4y
Those deals will nearly all go through commercial real estate brokers. Any given market will have just a handful of CRE brokers who control the lion's share of the deal flow. The key is to build relationships with them, demonstrate that you understand the business and can close. That shouldn't be a problem with the size of your portfolio. Then, when they send you deals be incredibly responsive.
Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
4y
Those deals will nearly all go through commercial real estate brokers. Any given market will have just a handful of CRE brokers who control the lion's share of the deal flow. The key is to build relationships with them, demonstrate that you understand the business and can close. That shouldn't be a problem with the size of your portfolio. Then, when they send you deals be incredibly responsive.
I'm a landlord for the past 4 years, I've successfully built a decent portfolio of 203 doors in total, I own properties anywhere from a single family home to a 12 units buildings.
Being in the REI game intensively in the past 4 years teached me a lot and today I'm very confident on what I'm doing and how I'm doing it. But I feel that it's my time to scale up.
The only thing that I am trying to crack but didn't really find a definite successful method of how to find a large multi unit apartment buildings for sale (not thru Tenx or any of these platforms)
I've been digging for quite a long time and tried different methods but no luck so far.
I will appreciate any advice on how to find those large multi units buildings
Thanks in advance
Charly Liran Afergan
@Liran Afergan That's what I do. I find properties for private equity firms looking for large multi-family apartment buildings. I get deals like that every week. These are off-market deals.
Syndicator of Large Apartment Buildings · Glen Mills, PA · Member since 2009 · 1k+ posts · 1k+ votes
4y
@Liran Afergan last year I bought a 1,000 unit deal using a combo strategy of calling, emailing, and direct mail to the seller. This approach works but is a long game to find deals.
Your easiest way to find assets is to connect with commercial real estate brokers in your local area.
For research, I subscribe to Yardi Matrix, similar to CoStar where I can pull property information.
Wish you luck and if you'll ever want to flip a deal to me or JV in one specially in Philadelphia and NE Pennsylvania just so you know that I'm interested and have access to an massive amount of funds from private investors plus VERY good records & relationships with local banks here.
Hi Taylor, Thanks for the tip I'm connected with some commercial real estate investors but I guess that I'll need to expand my networking.
But still, since the market is very competitive and I know that most if these commercial real estate brokers who has access to these deals will put in a priority their clients that they've been working with in the past, which it's still possible, but decreasing my chances to get notified vefore everyone else.