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Updated almost 10 years ago on . Most recent reply

User Stats

29
Posts
25
Votes
Leo Goykhman
  • Chicago, IL
25
Votes |
29
Posts

Trying to pick up an apt building...

Leo Goykhman
  • Chicago, IL
Posted

hey BP

I'm interested in purchasing an apartment building but not sure on a couple things. 

1) how do I get in front of "tired landlords?"

2) is the better strategy to buy and sell the building, or buy and hold? I'm going to hit up a few investors and I'm trying to get clarity on what's more attractive?

I may be interested in picking up one building, 6-12 units- but how do I scale that? Meaning if I get a 6 unit property, and my gameplan is to own a share in several much bigger buildings how do I "get started with the right strategy?"

Any advice from seasoned vets would be greatly appreciated. 

Thanks,

Leo

Most Popular Reply

User Stats

192
Posts
97
Votes
Joseph Catalano
  • Rental Property Investor
  • Lewiston, NY
97
Votes |
192
Posts
Joseph Catalano
  • Rental Property Investor
  • Lewiston, NY
Replied

As to number one, if you see a for rent sign on a building you like call and tell them you are not interested in renting but in buying the building.  I made a call like that two weeks ago and to my suprise after the guy hung up on me the first time, he just called me back today.

  • Joseph Catalano
  • Loading replies...