Updated 3 months ago on . Most recent reply
Possible First Time Off Market Reach Out
Hi, I am Brandi and I have one rental property that is within 4 months of being paid off (was my first home). There is approximately $200k in equity available. My plan for next purchase was to focus on buying a duplex, maybe withdrawn around $110k out to be a large down payment and/or update next property. There is a house couple blocks from me that looks like it could use little work on the outside and I learned that the owner has moved to a retirement living center and family is keeping up with the upkeep. I don't even remember ever seeing a car in driveway. I have never reached out to anyone off market before but I feel like this could be a good deal. How do you approach this? what do you say? what if they say they are interested in selling, whats next? or do I just focus on original plan and look for duplex.
Most Popular Reply
Once you get a hold of the owner, simply ask them if they have considered selling. If they say yes, then you can either give them a offer right there if you already know it. Or tell them you will get back to them with a price. If you are looking for duplex's, my friend is a builder in Oklahoma city. He builds brand new affordable duplex's in places like Lawton, Chickasha, Guthrie, etc. They are great for long term rentals. I think they start around $300K.