Updated almost 5 years ago on . Most recent reply
2021-MF Wholesaler or Brokers for large multifamily?
When it comes to real estate development deals, I have no shortage of deal flow - mainly from brokers. However, most value-add or stabilized deals I've been (passively) receiving from brokers (both on MLS and pocket listings) have been terrible lately in terms of ROI (50-150 units) - from my limited vantage point, everyone is still overpaying. I'm wondering if others have had luck with Multifamily Wholesalers or if you think Brokers are still best way to get best off-market deals?
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We own over 3000 doors and have the same experience you are seeing. We have not found a deal that pencils on a value add in over twelve months.