Multi-family investors, how did you get your first deal?

Topic Author
John Wooten
11 years 5 months ago #11916 by John Wooten
I would love to hear how you all first got into multifamily investing and where you found your first deals!
11 years 5 months ago #11916 by John Wooten
  • Posts: 360
  • Thank you received: 64
11 years 5 months ago #11917 by Sandy Martin
LoopNet, courthouse auctions.
11 years 5 months ago #11917 by Sandy Martin
Topic Author
Anonymous
11 years 5 months ago #11922 by Anonymous
Small REO property
11 years 5 months ago #11922 by Anonymous
  • Posts: 3
  • Thank you received: 1
11 years 4 months ago #11943 by Brent Sobol
Partner with someone else (a wealthy IRO) that found that deal (no matter what asset it is) then offer to put in a small sum of your savings as equity into the deal, and ask for a large chunk of the future upside to turn the deal around. It's my opinion that most rich people don't want to do the heavy lifting. Tom Aderhold, a champion in our industry, told a group I was in one time that the key to hitting it big in this profession is to be able to solve someone elses real estate problem. He's right. Personally, I like to solve crime problems, because few seem to want to do that.
11 years 4 months ago #11943 by Brent Sobol