How to find multi family rentals for sale???

[Josh Cohen]

I am looking to purchase multi family rentals out of state but it seems like the sources I use at the moment, Zillow, Realtor.com etc... don’t list multi family structures. Am I missing something or is there another source??? Thank you so much!!! JC

[Omar Khan]

@Josh Cohen Most publicly available resources - Loopnet, Realtor, Zillow - etc are where deals go to die (most cases, not all). Think about it: If you can see the same deal as the other 300M+ people in America, then how does it make a deal? For you to get a deal, you need some form of an informational arbitrage. 

As @Terry Lao points out, you be best served with picking 1-2 markets. Take a deep-dive and make lists of all the major brokers, agents and areas that fit your needs. If accredited (or sophisticated, depending on the situation) you could also become a passive investor with syndicators that focus on the market you prefer. This can help you get the inside scoop as you come in on a few deals. 

Post that you can continue to work on the area after you've made money and have been educated by smart folks. Filtering the syndicators (and partners) that will be the best fit for you is the hardest part. 

Nonetheless, don't hurry into a deal. Hopefully, you're attending your local REI meetings and other meetups. They can be a goldmine but you have to sift through a lot of crap to find the good ones.