Is Costar is worth its price to find Multifamily deals ?

[Liran Afergan]

Hi,

I'm looking for multifamily deals to buy, anywhere from 60 units and up, and one platform that everyone are talking about is Costar. Costar subscription cost over 10k a year. Is it really worth it for the purpose of finding and buying Multifamily deals ?

I will appreciate if someone can give me a feedback about it based on experience working with it and finding deals thru them.

Thanks in advance ✌️

[Evan Polaski]

@Liran Afergan, I have yet to meet anyone that finds a deal through CoStar, so I would say no.  As noted, Loopnet is owned by CoStar, as is apartments.com, homes.com, ten-x.com, and others.

You can search Loopnet for free.  But many major brokerages won't list their properties anywhere but their own proprietary websites.  I.e. CBRE, Cushman, Marcus and Millichap, Capstone Group, are all pretty active multifamily brokers in my market, and they will not list their properties anywhere but their respective websites.  

The point being, get out there.  Meet with brokers.  Take them to coffee.  Research owners and connect with them.  That is the best way to not just see deals, but actually start getting awarded deals.