Topic: Multi-family investors, how did you get your first deal?

I would love to hear how you all first got into multifamily investing and where you found your first deals!

LoopNet, courthouse auctions.

Small REO property

Partner with someone else (a wealthy IRO) that found that deal (no matter what asset it is) then offer to put in a small sum of your savings as equity into the deal, and ask for a large chunk of the future upside to turn the deal around. It's my opinion that most rich people don't want to do the heavy lifting. Tom Aderhold, a champion in our industry, told a group I was in one time that the key to hitting it big in this profession is to be able to solve someone elses real estate problem. He's right. Personally, I like to solve crime problems, because few seem to want to do that.