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Updated over 6 years ago,
Having Trouble Finding Buyers for my Off-Market Property
I am a commercial real estate agent in Los Angeles, CA & am working with a few off-market motivated sellers. My problem is I don't really know how to find buyers for my properties. They are multi family properties and one of them even has pre approved plans from the city for an additional 5 units (literally ready to break ground). I have created OM for the properties and have found a few people who seem interested but, haven't heard back from them after sending a NDA and the OM. I feel kind of stuck because I can't list the properties so I don't know how to reach out to potential buyers. I was thinking maybe through social media? But, it is kind of hard to advertise a property when it is off-market because I can't disclose the address of the property. If anyone has advice on how I can reach out to more buyers please feel free to let me know.
I like to add that I have been also calling multi family property owners in the area and asking if they are looking to purchase another property but, it doesn't seem to be going anywhere.