Finding Multi-Family Properties

[Dan Hedges]

Hello BP,

How can I find multi-family properties that are not currently listed for sale?

Thank you,

Dan

[Jason Michaud]

I listened to a replay of the BP webinar (BP Podcast #120) that talked about different strategies at finding potential deals outside of the MLS. A couple ideas that really stood out were: 1. Use craigslist to see who is listing apartments for rent. If they are not a PM and a mom and pop operation, ask them if they are interested in selling their multi family. Worse they can say is no, but they might say yes then you can run your analysis. They might be able to refer you to a friend who wants to sell. 2. Public records in your county on evictions can be a great source of information on property owners who might be wanting to sell since going through evictions can be stressful and might be a reason to sell. I will be trying these two strategies as they cost nothing. If you try these, I would really like to know if they worked.