Hi Everyone,My question is, what is the best way to go about finding distressed multifamily deals?  I am currently in contact with brokers and have also bought a list I am going to start mailing. Are there any creativ...

One idea you have not defined, which you don't have to share publicly, is your desired return target.  

A lot of the rents are well below that range in the areas I am looking.I am wondering if anyone else is investing in multifamilies here in northern NJ and can share some of their experiences with purchase price and rent rates etc.  

Thanks for sharing!

- One home as partnership with family- One home as partnership with a silent investorWhat I am looking to do moving forward:- Create a marketing machine to funnel leads to other businesses that I own/partner in- Self sufficient wholesaling business (employee run, profit sharing, partnership, etc.)- Self sufficient flipping business (team of employees)- Retail Real Estate brokerage for retail deals and property management (most likely acquire pre-existing prop management business)- Expand student housing portfolio- Build out-of-state portfolio for passive income- Possible: Create hard money lending company using OPMWhew!  

I am a licensed agent based in Phoenix, so i have MLS access and market industry reports I can share with you.  

There is nothing wrong with sharing the profits via a joint venture.

Roy,Thanks for sharing from your experience!

I'll be sure to share my experiences with their competitiveness, their willingness to get the deal done, and customer service.

@Kay KeovongphetFor the profit sharing potion (employer contribution portion) of the plan that following may apply if your employer allows for it: The Employer Contributions being withdrawn have been accumulated in the PSP Plan for at least 2 years.For salary deferrals (employee contributions) Any employee contribution (including any earnings on such amounts) may not be distributed prior to the the Participant’s severance from employment, death, or disability.