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Updated about 10 years ago,

User Stats

232
Posts
95
Votes
Nazz Wang
  • Investor
  • Maui, HI
95
Votes |
232
Posts

Want to buy the building I rent in from my landlord

Nazz Wang
  • Investor
  • Maui, HI
Posted

Hi BP Community,

I have been living in an apartment building for a while now and it just came to me today, why don't I buy the building from my landlord. They have owned it since 1965 and the management company is a terror. Maybe they would want to sell.

Now, I am thinking about how to reach out to my landlord. I have never directly dealt with them, as everything goes thru the property management company. I am also not a wholesaler, so I have no experience convincing people to sell their property to me. What would you guys recommend I do?

The first thing I thought about is a letter, of course. I am thinking to tell them that I am a tenant in their building at xxx, and have been there for x years. I am a great tenant, always paid ahead of time, and took care of the place. I would love to see if they will consider selling the property to me, and I would love to own and take great care of the building. I am flexible and am open to any option that would work for them. And then I would mail the letter to their business address listed with the county tax record. Is that what you guys do? What would be a good finishing touch?

Thanks in advance!

Nazz

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