All Forum Posts by: Account Closed

@Account Closed My personal experience:  sometimes there's a lag of 1-2 days between when it's posted and when pictures come.  When the pictures do come I'd say there's a good chance you'll only get exterior pictures.  If you do get interior pictures I wouldn't expect them to be up-to-date or representative of the current condition.  Don't get me wrong, I don't think they're trying to be manipulative but an owner selling an apartment where people rent can spook the tenants.  Spooked tenants are more likely to move out or start asking 100 questions.  So owners and property managers aren't going to come in and start taking pictures of the interior of the units with no explanation.  They don't know if it's going to sell in 30 days or be on the market for 9 months.  The net result is that it's not uncommon (again, my personal experience) to see a commercial multifamily listed but if you drive by you won't see a giant "for sale" sign in the front yard.  Not sure if this really "solves" anything but that's been my experience.  

@Account Closed Most of the Multifamily in our area DC Metro/Baltimore NOVA etc is off market.  When we get a deal in house, we call all of our investors.  If there are no takers from our immediate network, we then look to other brokerages or online resources, such as bigger pockets to find a buyer.  The best thing you can do is establish relationships with agents and brokers who will send you deals when they come in...

@Account Closed there are many options to find deals. It doesn't have to be on the MLS. In fact, many great deals don't make it to the MLS. I know I have had some deals presented to me from folks in my network before ever being listed. So I would say utilize your network. In addition if you see properties that you would like to own, it doesn't hurt to reach out to the current owners to see if they are interested in selling now or potentially later down the road. What is the worst they can say, no?
Point being, don't stop looking for deals just because you don't see them online. Real estate is a personal business (in my opinion) so don't be afraid to go out there and meet new people and utilize the network you have. 

have you tried looking on loopnet.com?

 If they are occupied, it is a liability issue.  Let's say they have a big screen TV and get robbed, well the landlord posted pictures of it and their address online.  So it is pretty common to not have interior photos unless the unit is vacant or the landlord took pictures when the unit was vacant