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Updated over 8 years ago on . Most recent reply

User Stats

88
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36
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Aaron K.
  • Fishkill, NY
36
Votes |
88
Posts

How to approach owner of two off-market adjacent buildings?

Aaron K.
  • Fishkill, NY
Posted

I own a 7-unit apartment building, and attached to my building are two un-occupied buildings of similar size.  Both buildings have been abandoned for some time, but still look OK from the outside.  I found the LLC name and registered address of the two buildings, they're both owned by the same LLC.  What's the best way to contact and approach the owner about a possible sale?  Hard to present an offer without seeing the inside, but I'd like to at least get a dialogue going, see if they might be interested in selling.  I have only a mailing address - no phone or email.  Do I just mail a personal letter, or is there a better way to do it?

Most Popular Reply

User Stats

463
Posts
220
Votes
Patsy Waldron
  • Rental Property Investor
  • Orlando, FL
220
Votes |
463
Posts
Patsy Waldron
  • Rental Property Investor
  • Orlando, FL
Replied

Send a short letter explaining that you own the building in-between the two buildings and are interested in discussing acquiring them, without giving any details of any offers. Give your contact info and ask them to contact you. If they contact you... great. If they don't... resend your letter after 1 month. After 3 letters, they will probably get in touch- if only to yell at you. :) That's your chance to convince them to consider selling to you!

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