How to find multifamily deals from individuals before they hit the MLS
- Thread starter Joel
- Start date
- Joined
- Oct 10, 2007
- Messages
- 4,733
Contact all commercial realtors in the area and let them know the type of property / price range you are looking for
Do same for local landlords
Do not waste people's time when they contact you or they wont call back again
Do same for local landlords
Do not waste people's time when they contact you or they wont call back again
- Joined
- Aug 30, 2007
- Messages
- 13,881
Proven strategy: pay cash, close fast, pay finder's fee to referring party. Rest: networking with PMs, landlords, owners, realtors, lawyers, ministers, undertakers, estates, notaries .. Become known as a closer.
- Joined
- Aug 31, 2007
- Messages
- 570
The easiest is to develop relationships with the active multifamily realtors in your area. New deals go out first to our clients and we start with the A list, then B list and then MLS. Many other commercial Realtors do the same.
A lot of the MLS properties can be good deals, if you are willing to deal. 90% of the property that has been listed on MLS in the Edmonton market in the past 2 years have sold, several well below the first asking price.
The second method is become a known buyer. Someone who can make the deal, get the financing, and get the deal done.
The third method is get out and actually look at every property for sale. Every town has an area where the buildings are actively bought and sold. Queen Mary Park is one area. Eastwood is another.
Fourth method is to find an area you like and knock on doors.
We have a NEW 15 suite building, for sale next week, and the first phase of the marketing is for "Our Buyers" to have the first opportunity.
A lot of the MLS properties can be good deals, if you are willing to deal. 90% of the property that has been listed on MLS in the Edmonton market in the past 2 years have sold, several well below the first asking price.
The second method is become a known buyer. Someone who can make the deal, get the financing, and get the deal done.
The third method is get out and actually look at every property for sale. Every town has an area where the buildings are actively bought and sold. Queen Mary Park is one area. Eastwood is another.
Fourth method is to find an area you like and knock on doors.
We have a NEW 15 suite building, for sale next week, and the first phase of the marketing is for "Our Buyers" to have the first opportunity.