What should i tell a broker what my criteria is?

[Jim Growfer]

I want a 16+ unit multi family 

Texas

No Maximum purchase price

Cash flowing

Does that sound right? or what extra criteria do I need?

What is your criteria when a broker asks you?

[Matthew Baltzell]

You could add the class of the property. Do you want section 8 housing or an A class property? Regardless, you should definitely know what class of apartment complex you're looking for. The more specific you are the better. 

I would recommend doing more research and figure out  the following:

- Number of units i.e 10-20 units. 

- What submarket? Example: I'm looking at the Orange Park submarket in Jacksonville, Fl or area within a two mile radius of the St. Johns Town Center.

- Rent's- What you looking for something at market or rent's 10% under market

- Year? - How old of a property are you looking at? Give a range i.e. 1985 or newer. 

These are just a few examples. 

As I mentioned before the more specific you are the better. If you don't have the basics you will not even get a call back from the broker and won't be taken seriously.