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Updated about 5 years ago on . Most recent reply
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Finding small multi family properties
I’m in the Charlotte market and I’m having a hard time finding 2-4 unit apartment buildings for sale. I’ve been considering direct mail, but I have a few questions.
How many should I expect to send to find a deal?
Where can I find a list of owners?
What filters should I use for the list?
Thank you for the help!
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Originally posted by @John LaVecchia:
I’m in the Charlotte market and I’m having a hard time finding 2-4 unit apartment buildings for sale. I’ve been considering direct mail, but I have a few questions.
How many should I expect to send to find a deal?
Where can I find a list of owners?
What filters should I use for the list?
Thank you for the help!
John, I hope all is well. I live in Charlotte NC too.
I would connect with a local agent. You will see a lot of 2-4 units on the MLS. You can also connect with local wholesalers. Doing a mailing campaign will take 6-9 months and also a lot of money upfront. You can also cold call which in my opinion wil be the best bang for your buck.
You are able to use upwork to find a data scraper. He would be able to pull from tax records all properties that are zoned 2-4 units in the markets you want to focus on.