Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Cailan Knight
1
Votes |
6
Posts

Buying a property that isn't for sale.

Cailan Knight
Posted

Hello, the 6plex that my girlfriend lives in is poorly managed and not fully tenanted. The owner's husband died a year ago and from what I've heard she has been overwhelmed since then. The owner currently lives in the basement unit because she couldn't stand to stay in the neighboring house she owns due to her husband passing away inside. The plex is in good condition and all big, 3 bedroom units in a great area of town.

My question is, how should I go about making an offer on this property for under market value? I have a feeling she would be motivated to sell but hasn't listed the property because she lives in the basement unit and is also an immigrant with poor communication skills and elderly.

Do you have tips for making an offer or securing this deal? Someone with experience who could offer some assistance, it would be appreciated.

Thank You

Most Popular Reply

User Stats

23
Posts
7
Votes
Celina De La Torre
  • Salt Lake City, UT
7
Votes |
23
Posts
Celina De La Torre
  • Salt Lake City, UT
Replied

@Cailan Knight ,

So my mom always told me, "He who serves best, gains the most".

If you really want to make an impression on this lady who needs help, ask her what you can do to help her get her units back on track. Donate some of your time for a better cause. Then, as you work with her, mention that you are an investor and if she ever wanted to sell that you would be happy to help her with that as well. And maybe even help her find a cute little home where she would be more comfortable and not constantly reminded of her husbands death bed.

I can attest to the power of a helping hand. More doors have opened up for me in my life through helping others than in any other form. Just a suggestion :) Good luck, sir!

Loading replies...