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Updated over 6 years ago on . Most recent reply
How to approach an off-market property
I have a friend who is a tenant in a multifamily property, and she's heard that the owner might be looking to offload the property. Its a strong market but i know it needs a good amount of work. My question is : How do i approach the owner (via their property manager who i believe has listing rights per the lease agreement)? Should i just ask the PM if they are looking to sell and for how much or do i write up an offer sheet with my best offer? Or is there a better option? Any and all advice is welcomed. Thanks.
Bobby
Most Popular Reply
I have found that PMs don't relay messages. I bumped into the the PM of a property I would like to purchase. He took my info and now......crickets. I am working on contacting the owner, a mult-layerd LLC. This is all a bit time consuming but the property will be worth it.
I hope you have success, Bobby!