How to win the apartment building offer war?

[Mark Neiger]

With the apartment building market so hot right now, how am I to win an offer. I'm a brand new investor with no broker connections. All I can do is contact brokers I find on Loopnet and of course none of them will give me any of their off market properties because I have no track record. The few buildings I've found on Loopnet that are even worth looking at are getting multiple offers. My game plan is to just get into something half decent to begin to build my reputation with both brokers and lenders so that I can then find those better deals. I feel like I may have to start out on a sub par deal just to get the ball rolling. The properties I'm looking at are in good shape, have strong rental histories and command market rents. Do I offer them asking price to try to win the bid. Is that even enough? Would I be crazy to offer more? Help! What can I do to be able to get my offer accepted? Does anyone have any creative tactics or helpful ideas? I feel like I'm never going to be able to break into this market without doing something drastic. On the podcast with Grant Cardone he talked about winning a bid by submitting his offer on a video. Is this a good idea?