Value Add MultiFamily

[Account Closed]

I have partnered with individuals on fix and flips but my goal for 2025 is to buy my first LTR. I have a lot to learn on this side until then but am looking at buying a value add multifamily rather than residential. Any suggestions on finding that first deal? I plan on driving alot to find distressed or run down multifamily properties that possibly are owned by an out of state investor and reaching out however would like everyone's opinion or personal experience on some other creative ways. I own a licensed gc company so if it is in a decent area I know I can add alot of value to it at a cheaper price since there won't be any labor or material markups. Any lenders, agents, or connections would be great too! Looking at fall/winter 2025 at the moment as I will have a decent chunk of liquidity if needed to throw at it by then. Thanks!

[Anderson Banegas Cerrato]

Response for Dalton Foote:

Hey Dalton,

That’s an exciting goal for 2025! Leveraging your GC company for value-add multifamily is a huge advantage. Along with driving for dollars, you might explore networking with local property managers—they often know distressed properties or landlords looking to sell. Also, keep an eye on direct mail campaigns; reaching out to out-of-state owners can yield great results.

What markets are you targeting? I’d love to hear more about your strategy and connect—this is right in line with my goals too!

Best,

Anderson