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Updated almost 7 years ago,
Basics of finding deals
Hey guys,
I'm new to real estate investing and I couldn't be more excited. The past 2 weeks I identified a few multifamily properties I was potentially going to invest in. I have been talking to fantastic person in my market whos been helping me along the way. He walked me through the process from start to finish, took many hours of his time to help me make sure I knew and understood everything i needed to so I could invest.
Literally the day I decided on a plan of attack, numbers being solid any way I put it even buying at asking price, every property went under contract. Now, this doesn't discourage me what-so-ever. I know that's how things go sometimes, and the next property that I find I wont be nearly as slow before I jump in.
The question I want to post to the collective is this-- Now that these multifamily properties have been potentially purchased, there are NONE left. At least none that I can find. I'm searching on Zillow, realtor, and remax. I am sure though, that they all are going to show similar if not the same information. So I guess my first question would be, am I looking in the right places? Are there ones that I'm missing? The person I'm working with is a broker, and has access to the MLS so I have that as well. Now that I missed these I'm antsy to find a deal. I wont rush into one that's bad or doesn't make sense.
The other question I have is more about strategy I think. Personally, I'd prefer multifamily. However, what information leads people to chose single families? What markers do people look for when deciding which property type to pursue?