Multifamily/ Apt Complex

[Taylor J.]

Where do you search for apartment complexes (5+) for sale in your area?  What kind of real estate agent would you use to purchase one?

Any advice is appreciated!

[Kevin Dean]

Hey @Taylor J., I would start by looking on all of the more popular multifamily brokerage websites, just to name a few check out....

1. CBRE

2. JLL

3. Newmark Knight Frank

4. Colliers International

5. Marcus & Millichap

You will find that there are also a ton more brokers in your area who are smaller and will spend time speaking with you regarding targeting properties that meet your specific investment goals and criteria. The key is that you want to build knowledge and experience before trying to truly develop those relationships. That way you can build rapport with Brokers from Day 1 without wasting their time. 

So step 1 would be to define your investment criteria.

Step 2 would be to start filtering on those large popular sites and finding opportunities that meet your criteria.

Step 3 is to analyze those opportunities and become efficient at understanding what a good deal is and what a bad deal is.

Step 4 is after building knowledge analyzing deals, to reach out to brokers in your target market, communicate your investment criteria and build rapport.

Step 5 is to receive leads from those brokers, underwrite those leads and make offers at a price that meets your investment criteria while communicating with the broker why certain leads do not meet your investment criteria in order to get more targeted leads in the future.

If you do these steps consistently, I believe you will have a good chance of acquiring a great property that meets your goals!