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Updated about 2 years ago,

User Stats

25
Posts
9
Votes
Ryan Dyess
9
Votes |
25
Posts

Off market multifamily

Ryan Dyess
Posted

After attending the MM5 conference the ways people said they are finding off market multi families are by:

- Getting listsource or propstream and pulling properties to direct mail. It appears it is more so on the capital intensive side as far as paying for the lists and then paying for the post cards to be mailed out. And it sounds like there is a pretty slim call back rate

- Cold calling all brokers in the area you are interested in and introducing yourself and letting them know your buy criteria hoping they come to you with pocket listings. This doesn't sound super beneficial if you aren't already a big name in the game because they will be going to their well known buyers first...that would be my guess anyway.

- Connecting with wholesalers who are finding deals

- Connecting with other investors who already have a stream of off market properties coming in and forming a partnership to take down deals. Seems like the best way but I have been struggling here finding people who want to send deals and partner with someone who is just beginning. Any tips for overcoming this? 

Are there other methods you guys have found for sourcing off market properties or does this list about cover it? What is your preferred method from this ways listed above? Thanks for your conversations!

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