Multi family investment deals

[Zevi Arem]

Is it possible to find great deals buy and hold small multi family for cash flow profit on zillow,trulia,realtor,craigslist...etc?

[Tom Shallcross]

Hi @Zevi Arem - I would assume your market is like most market's and it's extremely competitive.  There are many factors but it's not impossible to find on-market deals, it just takes work and consistency.  Ideally you'd like to grow your network and develop an input engine that works for your criteria and goals, but you can get into the game finding an on-market deal.  

I would suggest defining your criteria (2-4 units, renting for xx within these 2 zip codes, under this price point, with X amount of rehab....etc), set-up automatic updates and make a daily effort to do your research and work towards making offers.  Also, talk to the listing agents.  You can get a feel for how quick they think the property will move, how low the seller can go and most importantly you can network with them to learn about other properties if you can prove that you can close.  Their sole goal is to sell their inventory of properties and if you can help them achieve their goal you'll jump the pecking order on their call list.  

Even if you are struggling to find deals via the outlets you mentioned, at the very least you are learning more and more about your specific market.  You can make offers that work for your numbers and if they don't work for the seller they don't work.  You are still gaining knowledge, better understanding the area, and getting more comfortable making offers.  Stay at it!