Buy a property that's not for sale

[Mohamed Mahmoud]

Hi everyone, 

I've been away from the real estate front for a while, but now I'm ready to jump back in.

So I want to buy a condo apartment in my neighborhood. I know that it's a great submarket to invest in. However, the prices are too high to make sense. The ones that are for sale are too expensive, yet the ones that I know would probably go for a good price are not for sale.

I want to approach the homeowners and see if they're willing to sell for some reason. I just want to know the best way to approach them. Door knocking, direct mail, dropping letters at the front door. Which one works?

[Charles Kennedy]

Hand-written direct mail for the small targeting you're going for may make sense. My first "direct mail" campaign was about 100 letters that I hand-wrote... didn't even get a deal out of it, but got close and gave me some confidence. 

I think if you were to door-knock it may feel a bit intrusive? I'd either send the letter or if it's really close I suppose dropping a letter off is fine.