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Updated 10 months ago on . Most recent reply

User Stats

360
Posts
78
Votes
Les Jean-Pierre
  • Investor
  • New York City, NY
78
Votes |
360
Posts

Distressed Sellers in NYC

Les Jean-Pierre
  • Investor
  • New York City, NY
Posted

Hello, I am seeing some distressed properties being scheduled for auction at low(for NYC) prices. I can't go up against the deep pockets at the auction. I have a carrot website and an instagram profile. I need to get to these lower cost properties well before the auction. Direct mail? Any other suggestions? I am a landlord too and have a commercial space so can have a meetup there. But, want to get some other ideas.

Thanks!

Most Popular Reply

User Stats

186
Posts
110
Votes
Jose Jacob
  • Investor
  • 11040
110
Votes |
186
Posts
Jose Jacob
  • Investor
  • 11040
Replied
Quote from @Les Jean-Pierre:

Hello, I am seeing some distressed properties being scheduled for auction at low(for NYC) prices. I can't go up against the deep pockets at the auction. I have a carrot website and an instagram profile. I need to get to these lower cost properties well before the auction. Direct mail? Any other suggestions? I am a landlord too and have a commercial space so can have a meetup there. But, want to get some other ideas.

Thanks!


You can skip trace them and try to contact the owner of those properties. Most of these home owners wont open the mails. DM has very low ROI. Knocking doors or phone calls will have more success rate.

Good luck

  • Jose Jacob
  • 718-200-6100
  • Loading replies...