All Forum Posts by: Adam Lacey

@Daniel Soyars  You can check Crexi or Loopnet, but I would suggest going to the websites of all the brokerages in your market. If there truly is only one deal right now, then I would start making calls and sending emails to introduce yourself. And I personally wouldn't only focus on brokers. Reach out to all members of the team, bc you may be able to leverage those relationships to meet the brokers. Hope this helps!

Hey @Daniel Soyars. I would suggest finding a specific property for sale and calling the broker to discuss that specific deal. That way, when you leave a voicemail you can just simply say you're interested in learning more about xyz Apartments. If they don't call you back, call another person on the team. I would also suggest starting with the youngest looking person listed in the OM. They are more likely to want to make new connections.

And if you can get someone else to connect you (PM, lender...etc), that's even better.

Adam

Are there specific concerns that you have or things you are unsure about in your UW? Message me if you would like to discuss.

@Trent Barga not sure where you live, but there are many parts of the country where you'd be lucky to find a 4.7% cap. The market is so competitive right now, its kind of nuts.

Hi @Samuel W. I don't know of any email list like that, but once you do connect with a broker, you can add them to a CRM and send out periodic updates and communication to the whole list at once. I use Active Campaign for this, but there are many options.

From my experience talking on the phone or even meeting brokers in person is the best way to build relationships. Most brokers won't plug you into their good deals if they don't know you. Best of luck to you!

Hi @Lucia Lilac. Congrats on your success! Multifamily is a strong, recession resilient asset class to be in and one that I invest in myself. If you're looking to use that $250,000 to passively invest, I would suggest reaching out to several syndication groups to start building relationships and seeing their deal flow.

If you're looking to actively invest in apartments, then I think education is the first step. There are a lot of books and podcasts that will help teach you the basics to get you started. Then, I would suggest finding and experienced mentor and/or partnering with an experienced operator to take down your first deal. That $250k will be a big help in providing enough value to another investor to find your way onto a GP.

Reach out if you would like to chat more. Good luck!

Hi @David Gubb. I would suggest reaching out directly to syndicators and getting to know them and their investment philosophy. Many of them have podcasts that give you an opportunity to get to know them prior to having phone calls with them as well, if that's your preference.

@Wade Mattingly lets chat. We're looking for Project Management help. Message me if interested in chatting.

@Steven May thanks for the recommendations. I will reach out to them.

Adam

@Marcus Long thanks for reaching out. I'll send you a dm.