150+ Unit Motivated Multifamily Sellers in the Southeast & Texas

[Account Closed]

What do 150+ unit motivated multifamily sellers in the Southeast & Texas do? Who do they reach out to with Class A, B & C properties? Do they always use a broker?

[Kristina Sparrow]

Your best bet to find motivated sellers like this is to develop relationships with active apartment brokers in your area. There is zero cost to you when buying through a broker because commission is a seller's cost. Brokers work for years to establish relationships with local owners... It's their job. You could certainly find these deals through a direct mail campaign on your own, but it depends on how much energy you are willing to invest in that. Once you develop a strong relationship with a broker and establish yourself as a closer, they often send you "pocket listings" of off-market deals before bringing them to market.