Differences in Multi-Family v Residential Real Estate - Search Cr

[Will F.]

Differences in Multi-Family v Residential Real Estate - Search Criteria.  I'm in Los Angeles County and Long Beach.

Hi I've purchased small rentals and flipped. 

I was wondering what some people who moved from small residential buy and hold to investing in larger apartment buildings went through.

Does anyone have advice for search criteria? price per unit, GRM, CAP, how do you generally go about searching?-- brokers, loopnet etc?

I've been attempting to contact 6-20 unit apartment owners directly but haven't had results.  

How did you find your apartment buildings, and what criteria.

[Joe Fairless]

@Will F.I find my deals through relationships with brokers and with owners. I've also done some direct mail but it hasn't resulted in a deal yet. Are you looking for properties in your market? If so then perhaps start a blog and interview local owners in the area about their experiences (or, simply blog about it on BP - that would be cool too). By creating a forum you give them a relevant reason to connect with you. It's a long-term play but very effective. 

Re: my criteria, from a high level I am buying B class properties, 150+ units, stabilized with a value-add component.