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Updated over 7 years ago on . Most recent reply

User Stats

63
Posts
21
Votes
AK Fowler
  • Investor
  • Royersford, PA
21
Votes |
63
Posts

How do I market for off market multi families?

AK Fowler
  • Investor
  • Royersford, PA
Posted

I own a SFH and duplex and I'm looking to move into apartments. I'm really interested in finding my first apartment building to purchase. I'm looking for off market deals, C Class properties that I can add value and forced appreciation.

I've started gathering a list of apartments within my area by driving around town and finding apartment buildings. Is there another way or am I on the right track? I've also looked up apartments on rental websites and craigslist to help build my list. I'm also in 2 REI groups but many are Flippers and 2-4 unit Buy Holds. I'd rather stay in my local area before going into other markets but understand that I might just need to go to other markets.

Any help is greatly appreciated! 

Most Popular Reply

User Stats

159
Posts
108
Votes
Andrew Beauchemin
  • Real Estate Broker
  • Philadelphia, PA
108
Votes |
159
Posts
Andrew Beauchemin
  • Real Estate Broker
  • Philadelphia, PA
Replied

@AK Fowler,

I work with a lot of sales brokers in your area (I'm a commercial mortgage broker), send me an email with your parameters and I'll see if any of my guys have deals that match your criteria. 

Unless you're a favorite on a commercial broker's speed dial list, the best way to find off-market deals is to do the same thing brokers do, and call building owners.  Get online, do some googling, and find out who the owners are and contact them directly.

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