Rental Property Investor · Dover, NH · Member since 2020 · 4 posts · 0 votes
What have been some of your best strategies for sourcing multi family investments in your local (or national) markets? Everyone seems to have different strategies and successes with direct mail, cold calling, driving for dollars, social media, etc. I’m curious to see if there was one key strategy that really helped your growth as an investor.
I appreciate the feedback as I’m looking to differentiate myself in the market! Staying top of mind is key and there seems to be too many investors to just cold call and keep in touch with all your contacts at the same time.
The strategy for less than 5 units may be a little different than apartment buildings. Here are 2 strategies that work for us.
We have developed relationships over the years so people will come to us with deals before they get listed, so build good relationships as you grow your business. This is a long term strategy, but it is the best source of reliable sales.
Talk to property managers and see if anyone is interested in selling their portfolio. Remember they are making money on these houses, so how are you going to compensate them for a lead?
Rental Property Investor · Dover, NH · Member since 2020 · 4 posts · 0 votes
5y
@Andrea Lane Thanks for than Andrea! Im working on building a CRM of these types of connections, ones that would either sell their personal properties or are well connected (brokers and property managers) to potentially source leads from. Is there anything you recommend when starting out to show them you mean business?
Investor · Anderson, TX · Member since 2015 · 1 post · 0 votes
5y
John
Are you looking in your local market or is this out of your area? What kind of portfolio are you looking to build? Jason is right there is no silver bullet, but there are different strategies cased on your situation