Hi BP,

I'm jumping into the crazy and exciting world of multi families, and have been learning a ton. There's so much to learn and of course that's why we all love real estate because we are truly never really experts!

I'm trying to find a good tool to help me identify multifamily properties across the country that will help me narrow against various criteria. The challenging part I had with a website I used such as PropertyRadar.com is that it didn't provide contact information. I assume I need to go respective county websites to attain?

Anyone have any recommendations or advice? Could use some help. Thanks!

Andy

Are you referring to websites pertaining to multifamily rentals?

Hey Elbert,

Sorry if I wasn't clear. Yes I'm looking for any websites or tools to help me get addresses of MF. Ie, loopnet isn't cutting it.

I've heard of REIPro. Wondering if the community has other recommendations?

Thanks, Andy

Oh ok I see. Lol yes loopnet is terrible. But honestly the best advice is to go downtown or near downtown and just look on buildings to see if they are for sale. Typically commercial REI is always gone in a heartbeat because of the Profits. If the banks don't snatch them up then some company usually does.

@Andy C.

You can use loopnet to connect with brokers that sell apartment buildings. Establish and build the relationships with them. So that when the next opportunity comes in, you'll be on their contact list to call before anyone else.

@Andy C. The shotgun approach is not really recommended when it comes to multifamily. You will be at a huge disadvantage if you compare a Texas property numbers to a NJ property numbers because they won't be apples to apples.

I understand that coming from CA almost anywhere in the country seems like a better market but remember that cheap doesn't always mean good deal!

I would suggest that you narrow down the markets you are looking to invest in and then start identifying the main brokers in that market. Reach out and build relationships with them and they will help you find your next deal. They can also educate you about the local market and things to consider (e.g. foundation issues in N. Texas)

You might join some of the multifamily associations. They usually have databases for many of contacts and companies by state.