Off market deals or 50-400 unit apartment complex

[Michelle Dong]

Hi BP Family,

My husband and I have found a some investors to work with that are only looking for 50-100 unit apartments or 200-400 unit complexes.

I wanted some advice on how to find qualified brokers that may know of off market deals or someone who focuses on large deals?

Thank you all in advance.

[E. C. "Stony" Stonebraker]

@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.