Introduction and First Deal Lead

[Jared Noetzel]

Hi BP - I'm just learning about real estate investing for the first time after a failed attempt last year at purchasing a single family home with assistance from the DC government. My long-term goal is developing passive income through cash-flowing properties. I'm particularly attracted to the BRRR model though I don't think my area (Washington D.C.) will lend itself to that strategy. From what I hear most of the investment happening in the city is hard money flips for high-end single family home sales ($1 million+).

The more I've read and listened to podcasts the clearer its become to me. I currently live in my first deal. The house I rent hasn't been updated in forever and the market around it has blown up. There were two sales for over $1.2 million on our block in the past year, including a full cut and rehab on the place next door. Here's the catch: I don't know if the owner wants to sell. They're absentee and use a management company. Let's say I can get financing worked out and the flipping numbers work. Should I approach the management company and ask them to convey my proposal to the owner? Is there another option for contacting the landlord directly?

Thanks in advance for the help!