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Updated over 5 years ago on . Most recent reply
Where do you find good multifamily commercial deals? (apartment)
I am beginning to look for deals to analyze so I can make my first investment in large multifamily properties (apartment buildings 10+ units, 50+ units, and 100+ units). Where do I look/who do I ask, etc. to find multifamily properties? Will places like Realtor.com, Trulia, Zillow, etc. cut it or should I be checking other places? If I am to get good deals coming my way from agents/brokers, how can I expect to be the one given the good deals over other people who are already close/friends with the agents/brokers? Thank you in advance to you for any and all advice given.
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Originally posted by @Ben Feder:
I am beginning to look for deals to analyze so I can make my first investment in large multifamily properties (apartment buildings 10+ units, 50+ units, and 100+ units). Where do I look/who do I ask, etc. to find multifamily properties? Will places like Realtor.com, Trulia, Zillow, etc. cut it or should I be checking other places? If I am to get good deals coming my way from agents/brokers, how can I expect to be the one given the good deals over other people who are already close/friends with the agents/brokers? Thank you in advance to you for any and all advice given.
You've got to be one of the agent's best clients. So buy a few deals in a row and be very low key. Close quickly and don't try to completely renegotiate after the inspection comes back. By this I mean the folks who try to get 20%-30% off post inspection when the inspection comes back with things that everyone knew were present pre inspection. Nobody likes those fools.