advice on finding 10-20 unit apartments

[Aron Siva]

Hello 

I am new to the forum; I am fairly experienced in small retail commercial real estate but would like to ultimately venture into mid level apartment complex; (10-20 units) I am wondering where would be the best places to look at? My CREIA here does not have many leads to offer (mostly residential etc etc) i know the deals wont be on the online (loopnet and all that rubbish) was wondering where the best way to achieve this was? Also, where to seek out private money/creative financing if credit is not available nor usable? 

Thanks

[Ryan Cox]

@Aron Siva  I think the best strategy for creating  leads is done by consistent work over time.  A few things that I would do if I were trying to create leads for this property type.

1. Identify a geography, could be a city, submarket, or section of town, with an adequate inventory of 10-20 unit properties.

2. Learn your geography up and down.  Who are the owners, brokers and buyers in this market?  What are the sales and rental activity, etc.

3. Build relationships with the players in your market.  Get their insights about the market & let them know the property type you are looking to buy.

Once you have done these things, you will be better equipped to identify a deal and potentially create deal flow from owners and brokers in the market.

Best of luck! RC