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Updated about 4 years ago on . Most recent reply

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Making initial contact with brokers

Posted

Good day everyone.

How does one go about getting brokers to send deals to analyze?  I am starting out and I have not purchased one multi family rental unit. 

My niche is 5-20 doors per. In order for me to properly analyse these, I would need  financials on said properties. So what does one do/ say in order to be taken serious and thus get what is needed.

At this point, I do not have an official business as yet ( but the logo etc are being worked on now).  Speaking of, we plan on calling the company " Redeem Properties". Does this resonate with you guys?

Thank you.

God bless you all.

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

If you have not made a purchase, how do you know your niche is 5-20 doors? There is also a difference between getting properties sent to you (easy) and getting the financials (hard). No agent is going to request financials of a listing agent's multi without a proof of funds, pre-approval, or hard money letter. How are you funding these deals? I wouldn't be too worried about the logo and name, I would be more worried about the financial backing. Agents get calls all day to put people on lists and we are going to buy a lot of properties only to find out they don't have any money.

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