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Updated almost 6 years ago on . Most recent reply
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Most effective way to find a good deal on a 10+ unit
G morning guys, my name is Jeffrey Fawaz living in Houston. I’m a full time real estate broker and developer and getting ready to buy my first multifamily building. For all of you who are experienced out there and have had results, can you tell me if you had to choose just one way to find deals, what would it be and what was your success stories?
I’ve come to notice that houston is flooded with overpriced properties and not really sure where to go from here.
I’ve been looking for quite some time now with no success and would like to know how do you suggest I go from here.
Thanks!
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Like Jaysen, recommended try looking at the markets just outside of Houston or other tertiary markets in Texas that have strong fundamentals. It's best if they are within an hour from a major, strong and growing city as well.
But to answer your question, most of it is going to come through broker relationships and it is going to just take a lot of time and patience before you find anything that makes sense.
Best!