Deal Sources
Where do most investors find their most successful MFH deals? MLS listings? referrals from agents/mortgage brokers? knockin on doors? foreclosures?
Where do most investors find their most successful MFH deals? MLS listings? referrals from agents/mortgage brokers? knockin on doors? foreclosures?
It seems that this forum is excellent for analyzing deals and getting feedback. But I, just like you, have been trying to figure out how people find the deals. Especially the 5 - 50 multi-unit properties.
I am experienced in finding deals in the SFR arena, and I hope some experienced people could shed some light to finding deals in the commercial (multi-unit apts) arena.
I find deals everywhere. The MLS, ****This URL Not allowed****, driving around in the car, here on TCI, the problem is never enough deals the problem is enough money to do all the deals.
I suspect the problem is a basic dichotomy in the real estate business. There are two ways to find deals, 1) find a bargain and 2) add value. Most SFR "deals" seem to be about finding bargains, in other words a seller who is sufficiently distressed or sufficiently ignorant as to sell their property for 20-30% under retail.
That happens much less frequently in commercial transactions. The key to commercial deals is adding value. Find a user, change the zoning, build a building, etc.
Try ****This URL Not allowed****.com ... for all your commercial needs!
OOPS!
this post was getting good ..heheh...i wonder if i subscribe will TCI dislose the answer ....anyone know ?
Quote:
On 2006-03-30 11:13, commercialking wrote:
That happens much less frequently in commercial transactions. The key to commercial deals is adding value. Find a user, change the zoning, build a building, etc.
Could you expound on how these things add value?