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Updated 10 months ago on . Most recent reply

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128
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Daniel Lozowy
  • Investor
  • Montreal, QC
23
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128
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Most effective way to reach to property owners

Daniel Lozowy
  • Investor
  • Montreal, QC
Posted

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

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3,768
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Evan Polaski
#3 Rehabbing & House Flipping Contributor
  • Cincinnati, OH
3,435
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3,768
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Evan Polaski
#3 Rehabbing & House Flipping Contributor
  • Cincinnati, OH
Replied

@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.

  • Evan Polaski
  • [email protected]
  • 513-638-9799
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