Off Market Properties

[Armon Franklin]

Hello everyone! I reside in Gwinnett county (Lawrenceville) area and actively looking for multi-unit deals for buy/hold cash flow or SF fix & flips. Can anyone recommend local investor groups or meetups for finding off-market property deals?

I would love to engage and get to know other investors in my area & potentially partner on some deals.  Thanks in advance for any feedback & suggestions!

[Curt Smith]

Hi Armon, I've been a member of all the local REIAs early on. I narrowed down to a different REIA then Elisio tips. BUT all the groups have their strengths. You need to join and stay for a year. Ideally all at the same time. Use meetup.org to find local groups.

I know of no MF specific group. Its surprisingly narrow re all the ops in REIA. BUT I can strongly tip the best MF educator in the country; Antony Chara. Google, travel to his 3 or 4 day event. Its the best money spent re MF!!!! I can share; you at present do not know what you do not know. :)

MF is not just SFR only larger buildings! I can't offer helps in one post or even the entire MF forum. OBTW find the BP forum for MF. Off market is not it. There's lots to read here in the mean time. Try searching "multi family underwriting" or "multi family due diligence". You will need to know exactly what these 2 aspects of finding a good deal mean. Each is actually a whole book. LOL I'm not kidding. Which is whyt taking a boot camp is so important.

After you take education, read books,  You can "practice" underwriting deals by finding deals on loopnet.com .  The rumor is that brokers put dead or over priced deals on loopnet.  But all the better!   Figure out why those are (largely but not all) are bad deals?  What is wrong?    Anoter tip;   In residential real estate and licensed agents,  there is statutory required "truth in advertising".  You have to disclose defects or problems.  In commercial;  brokers and sellers are free to exagerate and typically leave details and numbers out.  Yes!   Which is why underwriging is like being an sleuth/investigator, because you are!

Best of luck, curt