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Updated about 3 years ago on . Most recent reply
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What advise would you give yourself in 2022?!?
To get in 2 acquisition in large multifamily investing!
Most Popular Reply
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Originally posted by @Owen Dashner:
- Find out who the players are in that space and start networking and making friends with them.
- Get face time (coffee, lunch, beer) with local brokers and property managers who work with multifamily owners.
- Look at FB marketplace and Zillow for multifamily rental advertisements and message the people advertising them to see if they might entertain an offer.
- Get a list of all the multifamily properties in your target area and start marketing to them (direct mail, skip tracing, cold calling).
- Regularly attend your local REI meetups and REIA. There will be several owners of multifamily properties there. Get them drunk and make them sign purchase agreements for their properties on a bar napkin. Follow me for more creative negotiating tips. ;)
I was in Multifamily industry for nearly 10 years. I think it's time to call some of my network. Thank you for the advice. I like your way of Pre-suasion by getting them drunk and have them sign a PA on a bar napkin. I'll certainly try it. 🙂