Deals and Due Diliegance

[Coy Messer]

Without giving away anyones tops secrets... where is the best place to start to find deals? Is it Crexi and LoopNet?

Also, when analyzing a deal, do you enter the info into a spreadsheet, calculator, etc? Where can I find the best one?

[Andrew Caranto]

Hey Coy, hopefully you've had more time to investigate some of the answers here. There are a lot of different sources you could find your first small to mid-sized multi-family deal on. On-market properties and the acquisition process are going to work very differently from off-market and direct outreach to sellers. Wholesalers can bring you a lot of potential off-market deals, but just because something is off-market doesn't make it any better of a deal than on-market. You still need to go through your due diligence and underwriting.

Then, after that, there are some pretty large branches as far as the financial piece, whether you're intending to obtain a traditional bank loan or utilize a creative financing strategy to obtain the property. Very different calculators and methods to analyze those ones as well.