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Updated over 3 years ago on . Most recent reply

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Need guidance! Got a call back, now what?

Matthew Lindsey
Posted

So I sent a letter a week ago to a owner of 9 duplexes in a small town that I live very close by of to see if they would be interested in selling some. My research showed the owners were in there 80’s. Anyways I got a call yesterday from the daughter of the owners and she said her parents were interested in selling since they are older and would sell all 9 duplexes to me for 1 million total. I wasn’t ready for that. I would love to own all 9! Duplexes compared to these would sell individually for 150k-240k each within a 10-15mile stretch from where these are located. The area is a nice rural area, small town. I didn’t make a offer of anything yet I just asked for information on the rents and that I was interested. I don’t know where to go from here. Please let me know you options, I’ve never come across a off market deal. Of course I want the best deal I can get on them. I’m not a buy and flip I would buy to hold. Also, not sure how it affects the value but the duplexes are in groups of 3. 3 duplexes on one parcel of land. Any help is appreciated. Thanks.  

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