What would your strategy be?

[Daniel Brown]

Hey guys and gals! So, I stumbled upon something recently and I'm trying to figure out what my next direction should be. So here's some background: I work for appliance company in Baltimore md so I'm constantly in and out of neighborhoods. (boots on the ground) Seeing what's available and what neighborhoods are worth investing in and what arent. So I came across a for sale by owner sign. I gave them a call and found out that the owner is an older women in her 70s that is tired of the rental game. She has a 11 properties and by the way she was talking, it sounds like she is trying to unload them since she is having surgery in a couple of months. Keep in mind I havent seen any of these properties fully just yet. I'm curious to know what kind of action you would take? Go for just the 1? See what she has? Try for all of them? Seller financing? It seems like I possibly could get a good price for them. Your thoughts?

[Anthony McEvoy]

@Daniel Brown: I would ask to get confirmation of how many she is selling at the moment.  She may be only selling one at a time to prevent a huge income.  My approach would be to buy the one and feel out the situation.  Make sure the properties were taken care of and you aren't walking into a mess - at least for the price she is asking.  Build a relationship with her and she may not even market the other properties but give you first chance to purchase.  Not sure your financial situation but she may go for sellers financing... again to prevent a huge income.

Who is going to take care of the properties after she has surgery?  It may also be a way to build the relationship.