How to approach a broker for my first deal multifamily deal?

[Deepa Akula]

Hi All, 

I have been looking for my first multifamily deal, after listening to multiple BP podcasts I am convinced that the only way to find pocket listings is through brokers, but I am not sure how to approach one without any deals under my belt. 

Any suggestion on how to approach a broker so that they would like to work with a newbie is appreciated.

Thanks,

Deepa.

[Andrew Johnson]

Deepa Akula Ummmmmm...cart before the horse. “Multifamily” could be a duplex or 100 units. How are you going to pay for it? Cash? Commerical loan? Planning to lead a syndication?

I guess my advice would be to be as specific as you can. “I wanna buy a multifamily” is different than “I’m interested in 10-20 unit apartment buildings for $800K up to my pre-qualification limit of $2.3m” which is different from “I wanna house-hack a triplex” which is different from “I’m looking for a seller who is willing to owner financing a deal with zero money down”.

And the same personal that trades in 20-unit apartments likely doesn’t work the duplex ecosystem...and vice versa...