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Updated over 10 years ago on . Most recent reply
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Buying a property that isn't for sale.
Hello, the 6plex that my girlfriend lives in is poorly managed and not fully tenanted. The owner's husband died a year ago and from what I've heard she has been overwhelmed since then. The owner currently lives in the basement unit because she couldn't stand to stay in the neighboring house she owns due to her husband passing away inside. The plex is in good condition and all big, 3 bedroom units in a great area of town.
My question is, how should I go about making an offer on this property for under market value? I have a feeling she would be motivated to sell but hasn't listed the property because she lives in the basement unit and is also an immigrant with poor communication skills and elderly.
Do you have tips for making an offer or securing this deal? Someone with experience who could offer some assistance, it would be appreciated.
Thank You
Most Popular Reply
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So my mom always told me, "He who serves best, gains the most".
If you really want to make an impression on this lady who needs help, ask her what you can do to help her get her units back on track. Donate some of your time for a better cause. Then, as you work with her, mention that you are an investor and if she ever wanted to sell that you would be happy to help her with that as well. And maybe even help her find a cute little home where she would be more comfortable and not constantly reminded of her husbands death bed.
I can attest to the power of a helping hand. More doors have opened up for me in my life through helping others than in any other form. Just a suggestion :) Good luck, sir!