Rental Property Investor · Coral Gables, FL · Member since 2016 · 199 posts · 266 votes
4y
@Michelle Dong, there are lots of brokers, investors, sponsors, operators, syndicators, etc. in this space that already have the contacts and experience to get things done. If you are not familiar with owning and managing large multifamily properties, I would not recommend buying properties through a broker with your investors as a learning experience. Look for experienced operators who you can trust to partner with. Check out their experience, contact people who know them, conduct background checks and be sure they are someone you can work with. They will know the best markets and already have relationships with the best brokers. If you want to talk about this more, contact me. Good luck to you.
Investor · Los Angeles, CA · Member since 2020 · 101 posts · 94 votes
4y
There are a couple of ways to approach this. In my view, if you already have soft commitment from passive investors (and it sounds like you do), the most efficient way to approach this would be to find and partner up with an operator who you know, like, and trust and who already has relationships with brokers as well as the infrastructure to take deals down.
Rental Property Investor · Coral Gables, FL · Member since 2016 · 199 posts · 266 votes
4y
@Michelle Dong, there are lots of brokers, investors, sponsors, operators, syndicators, etc. in this space that already have the contacts and experience to get things done. If you are not familiar with owning and managing large multifamily properties, I would not recommend buying properties through a broker with your investors as a learning experience. Look for experienced operators who you can trust to partner with. Check out their experience, contact people who know them, conduct background checks and be sure they are someone you can work with. They will know the best markets and already have relationships with the best brokers. If you want to talk about this more, contact me. Good luck to you.
Investor · Tucson, AZ · Member since 2017 · 394 posts · 178 votes
4y
@Michelle Dong I would like to follow up on Stony's post to connect with experienced operators. Not only is it critical to learn from them but brokers are unlikely to engage with you unless they know there is an experienced sponsor or team behind you.
There are a couple of ways to approach this. In my view, if you already have soft commitment from passive investors (and it sounds like you do), the most efficient way to approach this would be to find and partner up with an operator who you know, like, and trust and who already has relationships with brokers as well as the infrastructure to take deals down.
@Michelle Dong, there are lots of brokers, investors, sponsors, operators, syndicators, etc. in this space that already have the contacts and experience to get things done. If you are not familiar with owning and managing large multifamily properties, I would not recommend buying properties through a broker with your investors as a learning experience. Look for experienced operators who you can trust to partner with. Check out their experience, contact people who know them, conduct background checks and be sure they are someone you can work with. They will know the best markets and already have relationships with the best brokers. If you want to talk about this more, contact me. Good luck to you.
Hi Stony, I would love to know more about this. I have sent you a message.
@Michelle Dong I would like to follow up on Stony's post to connect with experienced operators. Not only is it critical to learn from them but brokers are unlikely to engage with you unless they know there is an experienced sponsor or team behind you.
That is something I have started to realize that brokers are not likely to engage.