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Updated over 1 year ago on . Most recent reply

User Stats

42
Posts
22
Votes
Ryan Ness
  • Realtor
  • Lafayette, IN
22
Votes |
42
Posts

Strategic Acquisitions in this Current Market

Ryan Ness
  • Realtor
  • Lafayette, IN
Posted

I have successfully met with 3 investors in my local area. Two of which have experience with the acquisition of apartments and 3+ unit properties. I have purchased my first duplex and am currently househacking it, but I am working on the acquisition stage of the next property. 

I have spent a decent amount of hours combing previous MLS listings (I am a licensed agent), while also using tools like my county assessor's site, and opencorporates to find property owner info. There is some overlap between properties, but I am trying to find the best solution for moving forward. Some investors take the approach of text/email/mailer blasts to get the owner's attention, but I have also been introduced to the idea of meeting with the owner rather than the mailer approach in order to focus on creating a relationship. Some of these owners, I do not have access to their phone numbers and only their addresses. Would I likely want to turn to the mailer approach then? Do any investors have insight on response rates and if this is worth pursuing?

I am curious as to the experiences of other investors trying to find more deals/owners to connect with in this current market. In my area, many of the properties are owned by larger investors and I have had a hard time following up with them on action items since their advice has been to acquire more deals, but this is where I am getting stuck currently.

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