Wayne Courreges IIIManaging Principal, CREI Partners, CREI Partners, CREI Partners, LLC · Disciplined Passive Real Estate. Transparent Leadership.

Networking Is the Key to Off-Market Commercial Real Estate Deals

Name: Networking Is the Key to Off-Market Commercial Real Estate Deals
Uploaded: 2024-04-05T00:01:56+00:00
Duration: 46 s
Channel: Wayne Courreges III
Description: Excerpt from a YouTube video describing how the speaker sourced a completely off‑market 101‑unit multifamily property in a Houston submarket by building…

5 Apr 2024 · 1 min

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0:46

Excerpt from a YouTube video describing how the speaker sourced a completely off‑market 101‑unit multifamily property in a Houston submarket by building a two‑year personal relationship with the owner (a California‑based cardiologist). The anecdote underscores direct owner sourcing and sustained networking as the path to closing off‑market deals.

Questions this video answers

101 units.

In a submarket of Houston (off‑market).

A cardiologist based in California.

About two years of staying in touch before he became open to selling.

Chapters

My first deal was 101 units in the gallery of Submarket of Houston that was completely off market and we found them through sourcing the true owners. And we can go more into that exact process if that is helpful to your listeners. But we found this property that was owned by a cardiologist in California and he and I just became good friends over a two year period and he wasn't ready to sell at first, but over a couple of years, just staying in touch, checking in on him and his family, seeing how he was doing, eventually he was open to selling and so we purchased the property.