The Multifamily Wealth Podcast
#252: The EXACT 5-Step Process Multifamily Investors Can Follow To Find an Off-Market Multifamily Deal In The Next 90 Days
Aug 27, 2024
Learn the five essential steps to uncover off-market multifamily deals in just 90 days. Discover how to define your acquisition criteria and implement effective marketing strategies. Dive into the importance of skip tracing and over-delivering in your efforts. Establishing a strong local brand can set you apart in the competitive market. Finally, understand why long-term commitment to direct-to-seller marketing is crucial for success. Perfect for new and existing investors alike!
37:03
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Quick takeaways
- Accurately defining acquisition criteria, including specific location and property characteristics, is essential for effective targeting in multifamily investments.
- Establishing a strong local brand and maintaining consistent outreach fosters relationships with potential sellers, enhancing visibility and engagement in the market.
Deep dives
Defining Acquisition Criteria
Accurately defining acquisition criteria is crucial for multifamily investors aiming to find off-market deals. This involves specifying the location, asset type, size, and business plan for prospective properties. For instance, instead of merely stating an interest in Tampa, investors should identify exact neighborhoods and property characteristics, such as their desired unit count and construction style. Establishing this detailed profile aids in targeting marketing efforts effectively, ensuring time and resources are efficiently allocated in pursuit of suitable properties.
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