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Updated almost 10 years ago on . Most recent reply

Trying to pick up an apt building...
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

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.