Best Way to Market Apartments for Sale w/o Broker?

[Austin Hughes]

Hey Guys!

I've got a lot of marketing techniques that have worked for SFR's, but marketing my 12 unit apartments for sale is going to be different, I know. I'm not targeting the average home buyer, I'm targeting numbers driven investors.

Of course networking is first! So I am going to do that. I've got some good people in mind here in Lubbock. So far I have only told a couple of individuals as I was getting all the financials and info together. But now that I'm ready to go, what are some good ways to find investors? Maybe even out of town investors? Where do you guys look for deals like this?

All input is appreciated! Thanks

[James Kobzeff]

Drive around the area and copy down the addresses of other apartment complexes. Then visit your tax assessor's office to get the various owner names and start contacting them. Real estate investors are always potential buyers. A title office can also do this for you but you may have to impart some diplomacy (they may require you to be licensed?)

Create a flyer for your property you can send to interested parties. Include an address, number of units, unit configuration, amenities (i.e., covered parking, laundry room, etc), an APOD, photo, and general description of the location (i.e., nearness to freeways, shopping, and other facts that might influence a buyer).

Best of luck.