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Updated about 5 years ago on . Most recent reply

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Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
17
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81
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How to identify the Best local Multi family Brokers

Joe Gilroy
  • Rental Property Investor
  • Castro Valley, CA
Posted

Hello BP Community, 

How do you identify the best local Multi family Real Estate Brokers for any given metro area ?  

Thank you 

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Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
  • Cincinnati, OH
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Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
  • Cincinnati, OH
Replied

@Joe Gilroy what size properties are you looking at?  

2-4 family are multifamily properties and almost exclusively listed in the MLS with residential brokers/agents.
5-8 units I still see more on the MLS than on "commercial listing services" like Loopnet.  But you are starting to get into a grey area.
8-50ish tend to start going to smaller multifamily brokers.  These tend to be boutique firms that are either local or regional.
50+ you start to get into more of the national players: CBRE, Cushman Wakefield, etc.

These are general trends I see in the midwest, but price is also a factor.  I have seen CBRE listing 4 families in LA.

@Charles Seaman offers some good tips as well.  I have done this many times on Loopnet, seeing who tends to have a fair amount of listing up, and I try to get coffee with them.

  • Evan Polaski
  • [email protected]
  • 513-638-9799
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