How to find Duplex, quads and triplex

Question

Looking for distressed Duplex, quads property in Rhode Island preferably in the following areas

1. Providence

2. Pawtucket

3. North providence

Besides agents which I will use of course, how do I find properties not listed on MLS and what tactics have you used?. Seems like in my areas there is only 3 units at least on free sites like redfin, relieving and such. P.S Have not looked at MLS yet, might be different there.

Lelith Walker · Answer

I walked down blocks that I was interested in living in, then I went to my states building website to see who the owner of the property was.  Next I wrote a letter to about 20 people and one lady actually called me and desparately wanted to sell. She was old and wanted to retire to the south.  Turns out her home was listed but she was willing to sell to me to avoid paying realtor fees.

Ryan Dossey · Answer

Go on listsource and pull a small list. You can narrow it down by zip or draw a shape on the map. Send the small batch a handwritten note. Include a business card if you have one.

Cordell M. · Answer

I found mine as a for sale by owner driving around where I live...take different routes to work, store, etc.  Even print a road map of the area you are interested in and be methodical in your searching/check-offs...sometimes they are poorly advertised in plain site...Good luck!

Jason King · Answer

@Abou C.  - One interesting strategy that I have heard of is to call For Rent signs and ask if they want to sell.  The though behind it is that landlords can become frustrated when dealing with vacancies and are more motivated to sell at a discount.  As I'm sure you have read, you make your money when you buy, so buying at a discount is key.  You can find properties on the MLS, but are less likely to find discounted properties.

You can also look up some direct mail marketing strategies specific to multi-family.  I know some of the big names in direct mail have posted a list of their favorite strategies.  Try searching the site and you should be able to find some.

How to find Duplex, quads and triplex

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