Finding Deals with Apartment Complexes

[Harrison Aakre]

Me and a partner are looking to get into apartments, but there is something I’ve been struggling with understanding.

I understand that all of the money is made in the purchase, but often with apartments we would be working with savvy investors who want to make the most off their asset.

How do you get a good deal while still buying from smart investors?

[Greg Dickerson]

Originally posted by @Harrison Aakre:

Me and a partner are looking to get into apartments, but there is something I’ve been struggling with understanding.

I understand that all of the money is made in the purchase, but often with apartments we would be working with savvy investors who want to make the most off their asset.

How do you get a good deal while still buying from smart investors?

The profit in apartments is generated by increasing the NOI not necessarily on the purchase. You want to buy a property that has potential to increase income. You either have to buy directly from the owner not another investor or source deals from brokers but you need to be credible and experienced to get deals from them.