Walking for dollars?
I just got an amazing deal off the MLS on a 4 bedroom house.
The area at the moment can be classified as a ghetto but is going to skyrocket in value in the next 5-10 years as it's prime real estate in the middle of the city, surrounded by super expensive neighborhoods.
Every time a property becomes available in this zipcode, it's scooped up by an investor in a matter of hours.
I want to buy as many houses as I can on the same street or close to. Of course there's the postcarding method of trying to buy properties but has anyone taken that a step further and tried approaching people in person?
I was thinking of dressing in very casual attire, so as to not look too professional and walk the streets and introduce myself as the new neighbor who just bought on the street and see if anyone else is interested in selling. I would offer to buy for around the same price I bought the other house for. I would say they could move somewhere else or continue to live there and rent from me.
Any thoughts or suggestions?