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Updated 19 days ago on . Most recent reply

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What's the best way to find multifamily properties?

Ricardo Polanco
Posted

Good afternoon everyone, I am must likely new on bigger pockets and I would love to hear some recommendations on how to find off market multifamily properties. Thank you in advance.

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Use an app like DealMachine or Propstream. Build a list on ListSource. Write handwritten, honest letters. Focus on absentee owners and start with the ones who live the farthest away and only own one property in the area since they have the least use for the property.

You can also drive for dollars, looking for anomalies of disrepair and then look them up in the tax records and use a site like Spokeo to do cheap skip tracing.

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