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Updated almost 3 years ago, 01/17/2022

User Stats

14
Posts
7
Votes
Andrew Katz
  • Rental Property Investor
  • Chicago, IL
7
Votes |
14
Posts

Buying the 4-plex next door off market

Andrew Katz
  • Rental Property Investor
  • Chicago, IL
Posted

~1 year ago, I bought my first property, an owner-occupied duplex through a conventional loan.

I share a driveway with the 4-plex next door, and I'd like to buy it [off market] through an owner-occupied FHA loan (i checked with a lender and this is possible).

I have the owner's email and phone number, and I've spoken to her in the past. How do I approach this? Do I just send an email that says:
Would you be interested in selling XZY property?

Since I'd be buying this property off-market without a realtor, I assume I'll need a lawyer. What types of lawyers handle these transactions?

What else should I look into?

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