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Updated over 8 years ago on .

User Stats

35
Posts
7
Votes
Jason Maestas
  • Rental Property Investor
  • Tampa, FL
7
Votes |
35
Posts

Looking for some guidence in my search/deals. What works for you?

Jason Maestas
  • Rental Property Investor
  • Tampa, FL
Posted

Hi BP,

I wanted to share the questions I find myself searching the answers for in hopes you guys can shed some light for a small investor making his way into the Multifamily space(25-100 units). Let me know your thoughts and maybe others have similar questions. Here they are:

- What are some of the creative ways you guys are finding/identifying multifamily deals/motivated sellers. I'm looking for some things outside of MLS, LoopNet, Brokers, etc.

- As a Broker can be a great resource, how should a new multifamily investor go about choosing the right Broker and also building a relationship with that Broker? What does that conversation and/or process look like?

- Once an off-market property of interest is found, how do you reach the "decision maker" as most are owned as an entity instead of a sole proprietor? How to get around the management company (considering it is not owner operated) and directly to the owner?

- And once you do get a hold of that "decision maker", how are you approaching them with your interest of buying their property? What does that conversation/process look like as to increase your chances of converting it into a deal?

P.S. These questions are related to Value-add approaches as that is what I find most interesting and appealing about multifamily investing as I continue to educate myself with books, articles, and podcasts. Thank you all! Excited to hear your input!