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Updated 11 months ago on . Most recent reply

Most effective way to reach to property owners
If you've got the NAME and ADDRESS, what's the best way to contact the owners. If that helps I'm looking at 6-12 units, independently owned apartments.
Most Popular Reply

@Daniel Lozowy while I think cold calling is fine, it has not worked for me. And even the direct mailing of letters, both hand written and typed varieties, yields little. I am debating adding an actual rough offer into my letters, as I think sometimes calling or writing and essentially asking if they have considered selling almost always gets a no because the owner assumes you will lowball them, like most other investors. But digging into old rental listings can help you get a better understanding of what their financials SHOULD look like, and allow you to put a real number on paper.
I have not tested this theory yet, but I figure it will get people's attention better if they have an idea as to what they might be able to sell for. I understand there are risks to this too, but putting an offer, with the caveat of based upon complete financial review, might be more enticing for owners on the fence.