Finding Multifamily Deals, The Best Ways?
Hi all,
I know about this, but I was wondering if there are any marketing methods that you use to find deals like you would with residential properties. With those, you can search eviction notices, probate ads, NODs, etc.
How do you find the great deals in multifamilies? Can you do so through public record? Is there a way to search for owners who have owned for over 20 years whose tax base and benefits are drained from the property, and who might be willing to sell via owner finance at a bargain?
Any and all advice is appreciate, thanks, Dave
Dave:
Drive around your area and take pictures of the ones you are interested in. Then
run a property profile and send a letter to
the owner telling him you are interested
in the property. Don't worry if it is not in
default. After you send about 3 letters with no response, try contacting the owner direct by telephone and making
an offer.
Contact your local title company and tell
them you want a list of all multi-family
units in your area that have been owned for more than 20 and also a list of all
out of state owners. Do the same thing
as I mentioned above.
Read the article titled "Driving For Dollars".
Best Riches,
Jeffrey Adam
_________________
"The only place success comes before work
is in the dictionary."
[ Edited by JeffreyAdam on Date 01/23/2004 ]
[ Edited by JeffreyAdam on Date 01/23/2004 ][ Edited by JeffreyAdam on Date 01/23/2004 ]