Just moved to Denver and looking for Multi Fam Investment Broker(s)
Hi /r/CommercialRealEstate,

I just moved to Denver and looking to grow the rolodex with local multi fam investment sales brokers.  Anyone looking to meet up for a cup of coffee?  Im looking to invest in value add, 25 units or greater.

Looking forward to hearing back!
[{"id": "dd8sf14", "text": "I'd be glad to. I'm active mostly in the North Metro/Boulder area, if that interests you.", "replies": [{"id": "dd8ud9b", "text": "It absolutely does!  Send me a private PM with your number or email and we can put something on the calendar.", "replies": [], "depth": 2}], "depth": 1}, {"id": "dd9l6ua", "text": "I hear Denver multifamily is killing it right now. Personally, from talking with a few brokers in your market, the market is hot and people are currently over paying (hundreds of thousands) for units (total) than what they are worth..\n\nThat said, I like your value add comment. as right now the only way I'd pull the trigger was if it was a \"diamond in the rough\".\n\nI'm torn though if this is a good or bad thing. Will people lose their asses and sell in the near future because their debt service heavily outweighs their NOI? Or is all this information about millennials picking renting over purchasing true - only driving demand even greater thus signaling that now is the time to enter the game while money is still relatively cheap? \n\nI'm an urologist and I've already grown 3 side businesses (short term gains are phenomenal) however multifamily is a realm that I want to start adding to my portfolio (end game strategy) and the good operators I know of in my market are keeping their caps low and NOI up and seeing roughly 16% cash on cash returns. \n\nSo much to dissect and analyze. Best of luck ", "replies": [{"id": "ddbqcj3", "text": "I am in the same boat with you when it comes to valuations and over leverage.  My firm mostly focuses on deep value add properties and aren't afraid of S8 and S8 Enhanced Vouchers so we try and find something that can fit the bill in fringe neighborhoods.  We like to be 5-10 years before the change over and if the neighborhood doesnt change over then we will assert ourselves as the blue collar housing option that is clean affordable and safe.", "replies": [{"id": "ddeinhu", "text": "I do some side work for multi-family investors and developers. My work is pretty niche focused on smaller than 50 unit projects - typically focused on feasibility and rental rate expectations. I work full time as an analyst and broker associate at a large firm. To be fair, I dont expect to be able to help you a ton (aside from getting a coffee and welcoming you to Denver) but the guy in town that know the most about multifamily is probably Cary Bruteig. He consults all the big shops when they come develop multi in Denver. Anyway - welcome to Denver! If you ever need to bounce ideas of a young passionate real estate guy I am happy to grab a beer or something. Feel free to PM.  ", "replies": [{"id": "ddelzle", "text": "send me a private PM with your email and number and we can put something on the calendar!  would love to meet for a coffee sometime soon.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dd9qizc", "text": "I'd be happy to show you some listings that my company has in Denver. I'll have to check the inventory to see if anything is in your criteria ", "replies": [{"id": "ddbq78y", "text": "If you want, shoot me a PM and we can get an email convo going.  Are you in the area?", "replies": [{"id": "ddlgfo0", "text": "Sorry for the delay. I don't get on Reddit as much as I'd like to. I'll send you a pm shortly ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ddddtpk", "text": "I'm a lender in SF - we cover Denver in our region. Min loan size of $20MM. Let me know if anything fits and want to get some feedback/quotes.", "replies": [{"id": "ddem0ny", "text": "please send me your contact info via pm and I will send you a confirmation email and put you in the rolodex.", "replies": [], "depth": 2}], "depth": 1}]