Want to invest in multi-family in Tallahassee area, want to make connections
I work in tech with no previous experience or connections in real estate. I did couple of SFH rentals which are actually doing well. But my goal is to get into multi-family in the Tallahassee FL area particularly around the colleges/downtown area.
Problem is there are no real estate related meetups in the area and I have no previous connections in the industry. So organically building connections with fellow investors, lenders, brokers/agents is an uphill battle.
Any suggestions on how to go about making local connections? Looking at multi-family, a 1-man show is clearly not going to work.
Most Popular Reply
Santosh, having two operating single-family rentals gives you a useful starting point. I would build the Tallahassee network around specific underwriting questions rather than general introductions. Choose a narrow initial buy box, analyze several recent multifamily listings, and then ask local brokers, property managers, lenders, inspectors, and contractors to challenge the assumptions. Even without a formal meetup, recurring conversations with people who work on these properties every week can become a strong local network. Around colleges, pay special attention to tenant turnover, leasing season, utility responsibility, deferred maintenance, and whether rents depend on student-by-the-bedroom operations. A few property tours and property-manager interviews will probably teach you more than a large networking event.