Realtor/broker referral

[Bruno Demir]

Hi Guys I'm new to the sight. This is my second round in tho the real estate market, I flipped a couple houses right before the bubble bust and stayed out of it till now. In this approach I want to stay away from flipping and hold and manage multi units. I live in miami and I am looking for a agent down here that is also a investor to help me find the right deal. I am particularly looking at bank owned so that there is a upside. So BK agents would be great. I would really appreciate any referral Thanks

[Joel Owens]

Be more descriptive in what you are looking for.

Value add type apartment buildings at 50% occupancy etc. are very hard to come by. Banks purged most of those assets 3 years ago.

There are still deals with a value add component to hold for cash flow. If you do find one be ready to show liquidity and net worth financial statements. The brokers have a ton of buyers looking for that product type and not much inventory left. Most sellers are ones that are selling off at a high cap to an end user investor who wants to hold for high cash flow rather than force appreciation.

Different brokers work in different spaces. So you won't typically find a 20 unit broker handling a 200 unit property.