What Sites/Places Do You Use to Find MultiFamily/Apartments to Purchase?

[Bob Asad]

Does anyone know any good sites/places to purchase MF/Apartments?

I typically look at Loopnet, Crexi, and Google "Location + Multifamily Broker", any other recommendations?

Also, what do you typically look at before contacting the listing agents/owners?

I normally research:

-Location

-Crime

-Median House Hold Income (HHI)

-Zillow - other similar units + B/B that have sold in the area (ex. 1-2 miles in the past 90-days)

When contacting, anything you would ask aside from the following?

-NOI (past 2-years if available)

-Vacancy %

-Repairs needed

-Pro forma

-CAP Rate (something around 4-5% is what you recommend?)

-Calculate your own cash-on-cash

-Contingency 14-day inspection

[Bob Asad]

Quote from @Lucia Rushton:

@Bob Asad where are you looking ?

 Anywhere in USA