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Updated almost 5 years ago on . Most recent reply
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How to identify the Best local Multi family Brokers
Hello BP Community,
How do you identify the best local Multi family Real Estate Brokers for any given metro area ?
Thank you
Most Popular Reply
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- Cincinnati, OH
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@Joe Gilroy what size properties are you looking at?
2-4 family are multifamily properties and almost exclusively listed in the MLS with residential brokers/agents.
5-8 units I still see more on the MLS than on "commercial listing services" like Loopnet. But you are starting to get into a grey area.
8-50ish tend to start going to smaller multifamily brokers. These tend to be boutique firms that are either local or regional.
50+ you start to get into more of the national players: CBRE, Cushman Wakefield, etc.
These are general trends I see in the midwest, but price is also a factor. I have seen CBRE listing 4 families in LA.
@Charles Seaman offers some good tips as well. I have done this many times on Loopnet, seeing who tends to have a fair amount of listing up, and I try to get coffee with them.