A slowdown in multi-unit construction in 2024 makes knowing how to find existing multifamily properties crucial to rounding out a rental property portfolio.
Maybe at the last networking event you attended, someone asked how to find multifamily properties and you weren’t sure how to respond. Or, maybe you asked yourself that same question.
The quick answer is to begin by narrowing down the types of multifamily properties suited for your investment portfolio. This will reduce or eliminate wasted time searching in places that only provide leads not suited to your portfolio. Then, do some digging. You can find multifamily real estate through word of mouth, on MLS listing sites, by contacting building owners directly, and more.
After finding a property or two that fits, secure small balance commercial financing – or the like – to maximize your return on investment.