question on how to find multi family properties

General Real Estate Investing
1

Hi all,

I am a newbie in the real estate investment and interested to invest in apartments or fourplexes. I find some of the properties listed on HAR.com but not sure if that’s the best place to find them. Is there anybody know other ways that I can efficiently find these properties. I contact a realtor and the list of properties he sent to me is exactly what I found on HAR.

Thanks advance for your answer.

Fan

2

www.loopnet.com has commercial property listings. Realtor.com is a general website with some listings. You can drive around your target area and look for the buildings, write down the addresses, and look up the owner’s information in your county tax records.

3

Thanks justin0419 for your reply. Never thought about driving around my area :beer

4

Hi,
It is good that you are going to invest your money in real estate market. It’s an easy way to make money in less time. But the main problem is how you will find properties. In my opinion you should find another real estate agent which is best in his work.

5

I agree. I’ve been using loopnet.com for a long time and it allows you to set parameters on the properties youre looking for. also look into building business credit for the financing side of the house… Also I recommend buying a “how to buy apts” course. The most inexpensive one I know of is $99 by Monica Main. Thats all I can give you without giving up too much info that non-serious investors may abuse.

6

Hi Fan,
(Newbie here. FIRST POST!! :bobble)
Have you had any luck so far with investing into fourplexes or multi-family units? When I began investing 8 years ago. I ended up getting stuck in the mud. I combed realtor.com and decided that deeply discounted properties where the way for me to go. Loopnet.com works well for some of my colleagues now. I agree driving around the neighborhood.

7

Loopnet is where deals go to die. All those properties on Loopnet have already been passed over by investors who have connections with the broker and agent already. ( and know better)

Loopnet may be better utilized to just to get familiar with what brokers that are doing deals and start networking with them.

Other than that… You need to work OFF market list. Set up a criteria for your search such as owner of record for more than 10 or 20 years…, etc…

There are several ways to farm…Think outside the box!

http://duncanwierman.com/go/images/5.gif

8

Thanks everyone for your answer and advice. I really appreciate. I was away for a while on the company training. Now I am back to my investment research. I noticed that loopnet is a good place for me to learn the language people use in this business. I think next step for me will be finding a good agent who knows the market and can help me find deals. If you have any recommendations, please let me know. Again, thank you everyone for your generous advice.

Best!

9

Hi,
If you are going to invest your money in real estate market. It’s an easy way to make money in less time. But the main problem is how you will find properties. In my opinion, you should find another real estate agent which is best in his work.