Finding off-market commercial deals

[Dakota Brown]

Hi all,

As I begin my search for an off market, multifamily property here in the Tampa market, I would like to find the most efficient way go about this. If anyone is willing to share their "trade secret" relating to finding off-market opportunities, I would love to hear it! 

This sounds much more complex than finding a SFH off market deal since many commercial owners are hard to contact directly.

[Christian Decker]

@Dakota Brown

Your best bet really is to reach out to a commercial agent. They are going to be the ones who see the deals. Become their friend and build trust knowing that it is a long game. It will take some time for them to bring you their best deals. 2 things to remember when doing this. First is to tell them exactly what you are looking for. Clarity is key. Second, when they present something that fits your criteria from point one, follow through. This is key as it will build trust and they will then bring more and better deals for you. If you say that you are looking for something and they bring it to you then you don’t buy it, they will not waste their time bringing you the next one. But if you buy it and continue to have clear communication and trust they will be your best resource.

Good luck!