Trying to Find a Multi-Unit

[Christian Lewis]

Hey All, 

I am trying to find a multi Unit property in the Philadelphia area preferably between 4-10 units.  I am checking all the websites, and I have two friends who are realtors but I am not having much luck. I am also struggling with knowing if its a good deal being that this is my first Multi Unit purchase.  Does anyone have any recommendations on how they found their first Multi Unit?  Or how they know when a good deal has come their way?  

[Peter Dunne]

@Christian Lewis It's just super competitive right now. All of the attention for the 100+ units in Philadelphia have driven those investors to look smaller. Just as an example, I received 2 random phone calls from NY investors yesterday afternoon looking for 5-20 unit properties based off a post a wrote over a month ago. There are many factors at play, but it seems many eyes are turning to the Philly rental market, not to mention us local guys with the connections. At some point, you need to build relationships that put your directly in touch with owners.