Maybe chasing down the giants to build your reputation isn’t the way to go. Why go big, when you go to a space that’s less crowded you can purchase at a better cap rate with more opportunity to grow? This is how Pat Cosgrove built his network and portfolio. Patrick is a multifamily specialist with Marcus & Millichap in the firm's Nashville office. As a Marcus & Millichap agent, Pat exclusively represents buyers and sellers of investment properties throughout the Southeast region of the United States. Pat is a member of the National Multi-Housing Group, and one of the top 3 Multifamily Brokers in Marcus & Millichap Mid-South Region over the last two years.
Jump right into this episode and learn why you should pay attention to the sub 100 unit Multifamily Space.
A Blue Ocean Space to Invest In - [00:01 – 03:22]
Why You Should Pay Attention to the Sub 100 Unit Multifamily Space - [03:23 – 19:31]
Final Questions - [19:32 - 22:21]
“When you meet someone who wants to sell or has to sell, they’re willing to meet the market…” - Patrick Cosgrove
“Every seller’s going to be different, especially on these smaller properties… What does the partnership want? What are they trying to get out of this...? It’s all that type of stuff that can help you win a deal.” - Patrick Cosgrove
Be sure to connect with Patrick on LinkedIn . Want to get in touch directly? Call 615-973-5373 or go visit https://www.marcusmillichap.com/advisors/patrick-cosgrove for more info.
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Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.