Multifamily Brainstorm
I source multifamily for investors in the Minneapolis/St.Paul area. Of course there is the traditional methods (cold calling and letters). But I am trying to think of new and creative ways to find solid off market deals. 
Does anyone else have an outside the box method that has produced for them? Being that reddit seems to produce some of the most solid folks around, I wonder if we could create a marketplace where investors can trade.
[{"id": "cmzq3u0", "text": "Wouldn't creating a marketplace make them market deals?", "replies": [{"id": "cmzwmt8", "text": "I was referring to something that investors can publish on. The sad part is when buildings get into the hands of agents who don't understand multifamily investing. They let their clients ask for unreasonable prices, and they sit on the market. ", "replies": [{"id": "cmzxxts", "text": "I am with you on the shitty agents, but I don't know what you mean by something investors can publish on?  Like an eBay for properties?", "replies": [], "depth": 3}, {"id": "cmzzvzy", "text": "Agents don't really want to list at unreasonable prices either.  the price if the seller was just pulling it out of their ass would probably be even higher", "replies": [{"id": "cn06uwa", "text": "If an agent is so desperate that they take a listing knowing it's overpriced, that is irresponsible. ", "replies": [{"id": "cn07mrs", "text": "You assume these are all one off relationships.  An over priced listing may or may not be worth taking, that would depend on a lot of things, but if the agent is qualified to price that type of asset, does so competitently, and clearly communities this to the seller, then they haven't done anything irresponsible.  Most agents aren't going to refuse a listing for a long term client though because the client wants to list slightly higher than they should.  They can and should communicate why this may be a bad idea, but at the end of the day its the clients property and their call.  \n\nAnyhow I still fail to see how this goes back to the original issue.  Some shitty agents may pitch inflated values to get I suppose but honestly most agents aren't wasting time pitching a value they can't sell at.  A seller with an agent is typically going to be much more aware of market conditions.  Unrepresented sellers are almost always the ones who have no basis in reality regarding pricing.", "replies": [], "depth": 5}, {"id": "cn0954u", "text": "An agent works for their principal. An agent can certainly advise against overpricing an asset, but at the end of the day it's not their call. I fail to see how taking a listing, whether overpriced or underpriced or just-right priced, would be irresponsible.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "cn5p8em", "text": "No.  Big difference between some reddit or knowing a deal is available, and a mass market email going out to ARAs 5m potential buyers.", "replies": [], "depth": 2}], "depth": 1}, {"id": "cn07pri", "text": "They should just sticky a thread and if folks want to post off market do it there so the queue doesn't get spammed to hell.  The deal threads here are the most interesting", "replies": [], "depth": 1}, {"id": "cn08yur", "text": "I work in Minneapolis too.  The multifamily market is so tight, I don't think a forum is going to help anyone source any deals.  ", "replies": [], "depth": 1}]