7-unit in Lafayette, Indiana Newbie investor ADVICE PLEASE

[Aaron Van Curen]

Hello everyone!

I've been property hunting for some time now and found a great opportunity near me. This is something I could manage while I go to college, Purdue University. So the deal I have here is 6 two bedroom units and 1 one bedroom unit all in the same building. The list price is $409,000 but I found through public records that the valuation done in 2016 found it to be $375,500 and noticed they have not paid $7,500 in taxes for year 2016. I also happened to find out the local company that owns it. My question is, would it be okay to directly contact them by either calling or going directly to their office instead of going through a broker? The property has also been on the market for nearly 6 months. So would it be reasonable to place an offer around the $300k mark? (I plan to do rehab on the floor, kitchen, and bathrooms).