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Updated over 5 years ago,

User Stats

24
Posts
3
Votes
Steve Gerten
  • Specialist
  • Minneapolis MN (minneapolis, mn)
3
Votes |
24
Posts

How to: I own 2 units in a 6-plex, how to buy remaining 4?

Steve Gerten
  • Specialist
  • Minneapolis MN (minneapolis, mn)
Posted

We kind of stumbled our way into buying a 2nd unit in a 6 unit building which is currently managed by an association.

I’ve already notified the other owners in the building that I would be interested in their units should they want to sell and avoid Realtor costs.

What else could I do without coming off as too salesy?

In your opinion, Is this is a wise route to go down? Or, should we sell and shift the dollars into a duplex/triplex nearby?

My thoughts are that I could eventually own a great building for well under market value, but want to hear your thoughts!

What does the process look like in terms of phasing out the association that manages the building?

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