How to approach Brokers when searching for Multifamily Real Estate Deals with Pete and Ed

Welcome to another episode of Multifamily Freedom Chasers Broker Talks, where Peter St. Martin and Edward Shamirian take you deep into the world of broker calls. In this session, they share invaluable insights on how to prepare for these calls and the crucial questions to ask.

The group delves into the challenges of directly contacting sellers and highlights the significant role brokers play in real estate transactions. They motivate each other and the audience to take action by reaching out to brokers, with one member sharing their recent transition into multifamily acquisitions.

Ed leads a conversation about underwriting with a seller, stressing the importance of purchasing at the current value rather than speculative future value. He also addresses the impact of permits for adding bedrooms to units and how they influence pricing.

Another segment of the video focuses on finding buyers or joint venture partners in real estate deals. The speaker encourages proactive engagement and discourages waiting to amass complete knowledge before initiating action. Additionally, they recommend watching a previous call where an expert mentor delved into available underwriting packages for purchase.

Ken Gee, a highly successful Real Estate Investor joins the call and highlights how he really wants to help others succeed in the business. The group explores the factors that hold people back from taking action and passionately encourages them to pursue bigger deals. Rosa shares her apprehension about brokers inquiring about proof of funds and portfolio size, prompting Ken to advise her to craft an honest answer and practice delivering it confidently.

Ken shares valuable feedback on how to approach brokers when searching for deals. He recommends building rapport before requesting financial information and avoiding leading with one's resume. Moreover, Ken emphasizes the significance of exuding confidence when discussing deals, even for individuals who haven't yet completed a transaction. Jeremiah practices a broker call under Ken's guidance, gaining hands-on experience.

This video offers invaluable advice on approaching brokers and cultivating fruitful relationships in the realm of real estate investment. Join Peter, Edward, and their knowledgeable guests as they equip you with the tools necessary to navigate the broker landscape and thrive in the industry.

Don't miss out on this episode packed with practical insights and actionable strategies.