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Updated almost 3 years ago, 02/13/2022
Finding Multiunit Properties
I am new member from North Carolina excited about the BiggerPockets world of real estate. I've been diligent in study mastering the tip of the iceberg, podcast assisted. Therefore, not being able to wait any longer (two months) I went into search mode. Duplex, triplex, quadraplex all the way up to twenty-five units. Living on the computer I utilized all the big guys, Crexi. Loopnet, Zillow, Realtor.com, etc. I sent out LOIs, text messages, and cell calls. Well, was I in for a shock? Responses were, under contract, I'll send you the numbers, and half of these would never cash flow, or a single family made out to be whatever or they simply would not respond at all.
I believe my perseverance is good, but I don't want to take a year to buy a property. I need HELP, PLEASE, your knowledge is golden, will you share, point all of us newbies in the right direction. Wishing you the best of success in all of your endeavors. Thank you.
God Bless you,
John S. LaGoff