Updated almost 6 years ago on . Most recent reply
Finding off market multifamily properties
Im in the San Antonio market and am an investor myself and wholesaler
Right now I have a few buyers looking for off market around 30 doors or more in and surrounding my area.
I've been running into a lot of requests to sign a nondisclosure statements proof of funds and LOI s to even get financials.
In order to bring these folks a buyer I at least need rent rolls figure cap rate and some information about the property to market it.
I make it very clear I am not the end buyer but I have buyers that are actively searching and ready to buy right now.
Any suggestions that I can get better results without so much push back?
Most Popular Reply
If you want to keep chasing down those leads, tell one of your buyers you need a POF to use. In return, they get first look at any deal you get under contract using their POF. Pretty good trade if you ask me.
If you want to get less pushback from your sellers, you may need to examine your approach with them and build more trust. How good are your rapport building skills?