Looking for good Multi-Unit Broker

[Brian Hester]

Looking for a good experienced Multi-Unit Broker.

My partner and I are looking to start moving our property purchasing to the San Antonio area and we would like to form some good partnerships with good Multi-Unit Brokers. We are coming to the area mid-January to meet with Property Managers and Brokers.

We currently have a plan to start small and go big. We are looking to put together a team that we can work through from a distance while purchasing these properties.

We are looking to purchase multi-unit properties, 4-10 Units in size, in the beginning but our overall plan is to acquire several properties over the next couple years larger, 24-50 in size. Although we have done a lot of research on the area we are looking for someone that we can look at specific neighborhoods with “C to B” ratings that we have been researching.

We are looking for those in the area that can give us good advice on the different neighborhoods we have been researching and give us direction with things going on in these areas as well as the market in general.

If you are in the area and looking to get involved with us once we start please let me know. We are looking for dependable people which I know from experience investing here in California is hard to come by. Please message me with your background and any other info that will help us get to know you a bit better prior to us coming out to the area.

Thx, Brian

[Rick Pozos]

I think you will find that most commercial brokers are not interested in dealing with under 40 to 50 units. Most realtors who do residential are not very knowledgeable after about 4 units. It is a tough spot to find someone who is in that specialty area.

If you have done your research, San Antonio is kinda towards the top of the market right now. There are a bunch of properties coming on line in the next 6 to 12 months. That can drastically push rents down as more properties scramble for tenants. Plus interest rates are getting ready to start moving back to reality. Rates going up causes prices to stabilize somewhat. Houston on the other hand has had some slowdown in the last couple of years. Maybe that area is the place to be next year.