The Multifamily Wealth Podcast cover image

The Multifamily Wealth Podcast

#254: Sourcing Off-Market Deals, Advantages of In-House PM, Syndicating vs. Not, and Diving Into The Current State Of The Market on TDR Call

Sep 10, 2024
Gabe Bowling, founder of a high-ticket mastermind for multifamily investors, shares his journey from a few units to over 500. He discusses the advantages of sourcing off-market deals and the significance of building relationships. The conversation dives into why bringing property management in-house can enhance returns and operational efficiency. Gabe argues that starting with smaller deals may yield better outcomes than syndicating large ones, supported by real-world examples and insights from community Q&A.
01:06:08

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Podcast summary created with Snipd AI

Quick takeaways

  • Direct-to-seller marketing fosters better acquisition prices and terms for multifamily investors by building rapport with property owners directly.
  • Bringing property management in-house enhances operational efficiency and investor returns by allowing for greater control over vacancy and income management.

Deep dives

Direct-to-Seller Marketing Advantages

Direct-to-seller marketing is emphasized as a key strategy for multifamily investors seeking profitable deals. This approach involves directly reaching out to property owners rather than relying on brokers, leading to better acquisition prices and terms. For example, using targeted direct mail campaigns and personalized outreach via calls or texts can help in sourcing off-market deals. This method not only builds rapport with sellers but also enhances the investor's ability to negotiate favorable agreements, resulting in potentially higher returns.

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