All Forum Posts by: Patrick Flanagan

 That’s a badass car

thanks for the response again, I want to know what I should do to move forward. Maybe we can connect over messenger? 

 That’s funny. My goal is to buy a apartment complex by next year. To do that you need to learn how to do it from people that are in the space. I’m not gaining the information and networking to eventually not buy a apartment complex. Lol 

so yes my goal is the build relationships, gain mentors, and maybe a deal might come out of it. 
my plan is not to go to a owner with the intentions of acting like I’m just learning, then ask to buy their 16 unit on X street. That’s how I bought my 4 plex, I went to the owner who had a lot of properties, I told him my goal is to buy and live in a unit of a 4 plex. He told me how he started, and a few months later he hit me up saying he had a 4 plex that he’d sell me and I bought it. But I had to build a relationship with him to make that happen. Or else he would of had no clue who I was, and it was a off market deal.  I had no clue he owned that specific 4 plex that I bought. 

 So exactly what you said I need to be marketing and meeting the people in the game, I’m just trying to by pass the small single family investors, or people with just a few properties. I’m trying to catch the big fish. Lol I want to go to the people that have done what I’m trying to do. There’s a lot of real estate advice givers out there… but I’d like that advice to be from someone who has been there and done that. 

Maybe I need to make that my goal for this month, meet a few property managers, commercial mortgage brokers, and realtors for commercial units 

 Thank you for your response. I think if you come across someone’s personal number and just ask to buy a property. That would be invasive… especially with not knowing the person. My goal is not to buy from someone, but to learn and understand how they came up and their real estate story.

Thank you for the reply. The sole purpose of my call is to sit down with a successful investor and learn about there investments. I don’t not intend to call and ask to buy their property. When I receive direct mail letters or phone calls for people saying I want to buy your places I don’t respond most of the time. But if someone called me asking me how I got started and what my real estate plans are I’d be happy to talk about it. 
so my reason for calling isn’t to ask to buy, I want to build as many relationships as I can. So either in the future they will think of me if they want to sell or maybe they can say I don’t have any properties for sale but I know some people that do.

I think building a relationship with owners is a big over looked step, so when your genuine and truly want to learn from someone, they will be more likely to give you a deal in the future. 
any thoughts??   

Hey there,

As I'm sifting through LLC and owners of apartment complexes, I have a hard time tracking down a owners phone number. I even looked up my info on whitepages and it has a wrong number listed from when I was 18.

I’m not great with direct mail letters and get little to no responses… they are also time consuming. if I could shoot a owner a phone call to have a sit down meeting with them or just over the phone. I’m trying to build a relationship with them and learn how they got to where they are. 

Thanks,

Pat 

Thank you for the response, I’m looking to buy a 16-24 unit building. I own a 4 plex and 2 single family homes. I can’t make the returns on the 1-4 units like a can on the 5+ buildings. 

Hey there! 
I want to get better at underwriting apartment complexes. What softwares do you use? What are things I need to be asking the sellers agent for? 
im mostly looking at value add (c-b class) smaller apartments. 

I guess from pat experience what were some things you wished you knew before the deal closed. 

Thanks,

Pat