Multifamily deals- what would you do?

[Jeffrey Donis]

My brothers and I have multiple deals we are looking at - 42-350 units (about 6 separate deals) that a wholesaler has sent us. We plan on underwriting them and seeing which ones fit our criteria. They are in markets that we would be interested in as well. We have not had the chance to set up a team so it is not something that we could take down ourselves- does anyone have any advice on what we could do in order to move forward on these if they work out to be deals we are interested in pursuing? We were thinking of reaching out to other investors in those areas and potentially partnering up. Thoughts?

[Taylor L.]

I would be very skeptical that a wholesaler actually has the contract on those deals unless you've seen it. There are a lot of people grabbing listings from brokers and attempting to insert themselves in the chain these days.

If you do find a deal worth moving forward on but you can't do it yourself, it's best to leverage relationships you already have. If you don't have those relationships yet, then get started building them! There are a lot of syndicators out there looking for deals. If you can bring one to the table you can often times get a piece.