Where to find multi-unit properties for sale? Are you looking to buy multi-unit
properties but you don't know where to start? You don't really know where you
should be looking or what you should be doing? Well, I get it. This can be very
complicated and you can get very very confused very, very fast. So, I'm going to
clear up everything for you, cut out all the junk. Let's go.
I'm going to share with you the best locations that you should be looking to
find the best multi-unit properties. I'm going to give you some insider tips on how
to search and to filter properly so that you get the best search results and you
don't get all of the flim-flam that you don't want. And I'm going to share with you
some websites that are best for multi-unit properties so that you can go
exactly to the right websites without messing around. So, let's talk multi-unit
properties because this is the hottest topic. And people are hot for multi-unit.
But so many people are making a lot of mistakes. So, I got into multi-unit
properties probably in the past few years. I've actually been investing in
real estate for many, many years. Probably over 15. However, I think I was really
late to the game when it comes to multi-unit properties. And I don't want
you to make the same mistake that I did. Let me tell you why multi-unit
properties are so much better than single-family homes. So, when I started
investing in real estate, I was working a boring corporate job. I actually failed
at real estate investing, went bankrupt, got foreclosed on and had to learn the
right way. And so, when I was learning the right way, I really still was just
focused on single-family residences. I learned how to find people with property
problems, how to help them and how to make money doing so. But when I started
growing in my real estate investing, I moved on from wholesaling and fixing and
flipping to rental properties. And it was truly rental properties in the income
that I was getting from them that allowed me to quit my 6-figure
corporate job and spend my time doing things like this. So, I felt like that was
amazing and that was all I needed to learn. Boy, was I wrong. So, in the past few
years though, I've been picking up multiple unit properties and there are
so many more benefits to them. Instead of having all of these properties spread
all around the country and all around a city or a neighborhood or wherever you
want to say, I can have one unit that has 4 tenants in it. 4 different people
paying me rent instead of just having four separate houses. And in doing so, I
was able to cut down my expenses on property management, cut down on mortgage,
cut down on interest, cut down on taxes. Because with each property, I had a whole
set of bills. But with multi units, you have one unit and just have one bill for
that whole unit instead of having all of these properties while all of these
units. I actually learned it was a lot less risky investing in multiple unit
properties. And this is because when one tenant is not living in my property, I
would have a vacancy. But if I have a 4 unit property and one of the units
is vacant, I still have 75% of the building
occupied. And that's a really big difference when you have 3 people
still paying you. Yeah, it hurts that one of them isn't. But it's not as
detrimental to your business as if you have one house and that one person stops
paying you. So, there's just so many benefits to multi-unit properties and
that's probably why you're on track and watching this video. So, let's get to it.
The multi-unit properties, there's different types of multi-unit properties.
We can be talking about residential units that's a 2-uni,t a 3-unit or 4-unit
or we can be talking about small commercial real estate such as 5 units
and up. Now, let's really quickly talk about that. Because if you're talking
about 2 to 4 units, you can get a regular mortgage, a traditional mortgage through
your traditional mortgage lender. And the great thing about it is if you are a
first-time homebuyer or you're buying ins as your home that you're going to
live in, you can live in one of the units and rent the other units out and start
making money immediately. This is a really great benefit one that I feel
like I missed out on for too many years. And I do not want you to make the same
mistake that I did. So, when you're looking for these units, if you haven't
started investing in real estate, this is a really good place to start. Or if you
do have some single-family homes, now is the time to start bringing in some multi
units and so that you can start lowering your risk and increasing your profits. So,
when it comes to multi-unit properties, you want to search on normal websites. If
we're talking about 2, 3 and 4 unit properties, you can look on websites
like realtor.com, zillow, trulia. Whatever website is feeding in your local MLS. So,
MLS stands for multiple listing services. And that is what all of the real estate
agents that get properties for sale. They list them into this one place and all of
those websites that the public sees like Zillow, realtor.com, trulia etc, etc.
Those websites have the MLS properties in there. And, so that is where you want
to start your search for duplexes, triplexes and quadplexes. You just need
to make sure that you filter your search where you take out all of the
single-family homes. Take out the single-family homes, take out the condos,
take out the townhouses because you know those are not multi-unit properties. Now,
if you are searching for a 5-unit and up, you want to go ahead and look at
loopnetcom. That's L-O-O-P-N-E-T, ".com". And you want to start your search there. The
difference with that website of course is that is all commercial real estate. So,
MLS has all of your residential stuff, loopnet has all of the commercial stuff.
But you want to make sure that you filter out on loopnet all of the stuff
that's not residential commercial. So, it'll have medical centers and strip
malls and big lots of lands and manufacturing places and things like
that. Make sure when you're doing your search that you filter those items out
and you only search for commercial residential apartment buildings. And then
last but not least, if you're really serious about this, you may want to
employ and hire a real estate agent. Most real estate agents or realtors do not
charge you a fee to help you find these properties. They are usually paid by the
seller, okay? Now again, I'm going to give you a quick caveat. Noelle is a licensed real
estate agent in the great state of Texas in the great state of Florida.
Additionally, I've been licensed since 2006 and I was also licensed in Georgia.
So, I'm not saying this because I want you guys to be my clients or I want you
to be my client. I'm saying this because real estate agents especially if this is
what you are serious about doing, they can really help save you a lot of time
by helping you find the best properties. Because many of them have already been
educated in this and they can just send you what it is that you need. Now, all
real estate agents are not created equally. Noelle is not going to say anything
negative about any real estate agents or anything like that. But I will give you
this morning that many real estate agents do not know real estate investing.
Many of them have not been trained or real estate
investing either. Therefore, they may not be knowledgeable in this. So, if you're
looking for a real estate agent and you're talking multiple units and we're
talking about making these investments, please, please, please find a
real estate agent that has experience in this and probably does it themselves.
That's Noelle's rule. I don't want to mess with a real estate agent that it
drives around people showing them single-family homes when I'm looking for
an apartment building. I need an expert. So, if you're looking and you're thinking
of doing this seriously, go ahead and find you a knowledgeable real estate
agent to help you along. Please take a moment to go ahead and like this video.
Please subscribe to my channel. Make sure you click that little notification bell
so you do not miss any of this content that I am bringing you. Noelle is here 5
days a week every single weekday bringing you content, giving you
knowledge information and all the tools and resources so that you can be
successful review estate and start living the life that you want to live.
Same way that I do. This is Noelle. To your success.