Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

10
Posts
6
Votes
Christina P.
  • Investor
6
Votes |
10
Posts

Strategy for approaching another investor?

Christina P.
  • Investor
Posted

We are newbies looking to purchase our first LTR property in a student housing area surrounding a University hospital.  In researching the area (which is already pretty small) we've discovered another investor who owns a large portion of houses- he appears to be a doctor at the hospital, in his 70s.  Although the houses have been acquired over the past 20 years, he does still seem to be actively investing- found a couple properties purchased in recent years.  Google tells me he does have kids (interested to know if he'd be looking to pass the properties along to family when he's ready to retire) although they may not be local.

We also work at the hospital.

Is it crazy and pointless to approach him (call, in person, via email)?  And I'm not sure what we'd say.  We're a young newbie couple interested in investing in the area- can you please keep us in mind if you think about selling any of the properties?  Is there anything we can help you with/any way we can add value to you in exchange for strategies and advice for purchasing and managing in the area?

Loading replies...