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Updated over 6 years ago on . Most recent reply

User Stats

33
Posts
14
Votes
Chandler Harker
  • Rental Property Investor
  • Indianapolis, IN
14
Votes |
33
Posts

Where do I find multifamily properties?

Chandler Harker
  • Rental Property Investor
  • Indianapolis, IN
Posted
Looking for multifamily properties but not sure where to find them. Should I ask wholesalers?

Most Popular Reply

User Stats

6
Posts
3
Votes
Sean Na
  • Rental Property Investor
  • Dallas, TX
3
Votes |
6
Posts
Sean Na
  • Rental Property Investor
  • Dallas, TX
Replied

I've found that larger (80-units or more) apartment deals that come from wholesalers are usually a waste of time - mainly because the financials (like T12s, Rent Rolls, etc) are incomplete.  Because of extensive financials you need to properly underwrite a deal, I have found that developing relationships with the top brokers in your market(s) is a better investment of time/resources than talking with wholesalers.. Multifamily brokers certainly earn their commission and it is worth working with them.

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