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Updated over 2 years ago on . Most recent reply

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James Nix
  • Rental Property Investor
  • Philadelphia, PA
64
Votes |
101
Posts

Finding Off Market Large Multifamily Deals?

James Nix
  • Rental Property Investor
  • Philadelphia, PA
Posted

Hi everyone, 

I was wondering if anybody could share some of there experience on how they have found large Multifamily Apartment deals (32 units and higher) off Market? 

Also how would someone get in contact with a owner of a large Multifamily Apartment when they have a structure in place LLC or Corp to hide there name and a property manager that manages the building?

Thanks in advance for any help

Most Popular Reply

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1,007
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Brian Adams
  • Syndicator of Large Apartment Buildings
  • Glen Mills, PA
1,629
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1,007
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Brian Adams
  • Syndicator of Large Apartment Buildings
  • Glen Mills, PA
Replied

@James Nix generally, a commercial real estate broker is the best source for larger assets.

However, I have bought several deals using direct mail and this process is definitely a long game. I bought a 1,000 unit deal using a combo of direct mail, emails, and calling the seller. It took me 2 years, but I was persistent as I knew there was a good deal to be had.

I sourced the asset using Yardi Matrix which has the owner's contact information. When the property is in an LLC, you have to skip trace to get to the actual owner.

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