Direct Marketing for Multi-Family

[Martin Woll]

Hi BP Community,

I am a real estate investor (newbie) looking to buy a multi-family building (2-4 units) in the NYC area including Brooklyn, Queens, Bronx or surrounding areas. I intend to live in one of the units.

I have been thinking about using some direct marketing campaigns to source some deals. I have a purchase price range of what I want to pay. Does that mean direct marketing would be a bad idea since my purchase price is bounded? For example, what happens if I find a deal that I couldn't afford or just didn't have the financial resources to pull it off? I know that isn't necessarily a bad idea to have a good deal. I have a feeling some of you might say if you get a great deal I can look for partners or try to wholesale it. I work full time so I don't have all the time in the world. And I am also wanting to do the first deal on my own to start building a track record (even it is only one deal).

All and any thoughts and critiques are greatly appreciated.

Thanks,

Martin