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Updated 5 months ago on . Most recent reply
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How do I....
Hello All,
So there is this multi family property I am very interested. The listing recently got taken down but the property was not bought. It has a good cap rate and everything was recently updated, head to toe. I want to mail the owner and ask to buy this property. How do I start this letter? Or does anyone have a template to go off of?
Has anyone done this before? What are the chances the owner will get my letter with a property management company in place?
I look forward to this discussion! Thanks!
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- Real Estate Broker
- Cody, WY
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Quote from @Melis Torres:
I would be very cautious. If it's a good cap rate and fully renovated, why didn't it sell? There may be something very wrong with it.
I wouldn't overthink this. No magic letter will guarantee success. Just write it as yourself and see what happens. I recommend keeping it short for the initial attempt.
- Nathan Gesner
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