Off Market Offers - how to
Hi all! First post and first time (potential) home buyer here. I live in an area that, like most places, has a crazy market right now. Most properties are only being sold to those who can offer all cash.
I would like to purchase a multi-family. However, there are not a ton for sale right now.
I was advised to take the off-market approach. I wanted to see the best way to go about reaching out to owners who are not currently selling (i.e., how to politely go about this process).
Thanks!
Most Popular Reply
Direct mail is a tried and true strategy. As is cold calling.
You can also consider house hacking - buy a house, live in one room, and rent out the others. Or a short term rental house hack, where you rent out something like an inlaw suite as a short term rental. Local regulations may restrict this so if you decide to go that route be sure to do your research.