PLEASE SHARE: Ways to find Mid to Large Multifamily Deals

[David Toupin]

Hi Everyone,

My question is, what is the best way to go about finding distressed multifamily deals?  I am currently in contact with brokers and have also bought a list I am going to start mailing. 

Are there any creative ways you guys have found that have worked? I would like to also target pre-foreclosure, foreclosure, REO also. What is the best way to go about finding those types of deals?

I am looking to buy a mid to large size apartment building right now (10-100 units). We are really looking for distressed property or value add deals.  

Thanks!

David Toupin

[Joseph Gozlan]

@David Toupin how close is your relationship with the brokers?

With the current market, all good deals are "off market" deals. Off market doesn't mean unlisted. The brokers get the listings but they don't waist time and money marketing the properties if the have a list of investors ready to invest and they give preference to those investors that PROVE they can close. 

I wrote a blog post about it a little while ago. Hope it helps.