Questions to embark into multifamily investing

[Eric Wong]

I currently own six single family homes, and I am ready to take the dive into multifamily syndication now. I am currently researching emerging markets to focus on (as per David Lindahl's advice), and will begin reaching out to brokers to start analyzing deals soon. Before I do though, I have some questions that I could really use some advice on!

1. Should I reach out to brokers now before I have zeroed into which market I want to target? Or should I wait until I have narrowed down my tarket market?

2. Should I start reaching out to investors now, or wait until I'm closer to finding a prospect?

3. David Lindahl mentions in "Emerging Real Estate Markets" that he watches the number of issued permits to determine if a market is going to be overbuilt soon. How can you tell from those numbers if it will be overbuilt soon? Is there a certain ratio to look for?

4. I am creating an investment brochure to pitch to potential investors. Should I include a bio on myself, even though I have never done a multi-family deal before?

5. As I reach out to brokers, what questions should I expect from them that I might have to answer on the spot? What do I want to be prepared with so I don't look like a complete novice that they don't want to do business with?

6. Does anyone know of any good multi-family brokers in Ohio, South Carolina, Florida or Texas?

7. What are other emerging markets that other investors recommend?

Any insights would be greatly appreciated!

Eric