Architect · San Diego, CA · Member since 2017 · 2 posts · 0 votes
I am newer in the flipping world. I am an architect by trade, I have worked as a construction manager for sometime now and am branching out into real estate development. I have found a property that has been vacant for several years and I have tracked down the owner and researched his background a bit. He has ties to a development company and construction company but it doesn't appear they either has been active on any projects in several years. ( nothing the great google could find at least)
I want to approach him and see if I can strike a deal on the property he is holding (which he has missed his last tax payment on.) I am not in a position to buy it out right, however I do have access to funds and resources for construction to flip it. I am looking for the best way to breach the subject with him. Any one have any suggestions on what to say to him, what to put out on the table or just in general how to approach the subject. I have both an address and a phone number for the owner.
Architect · San Diego, CA · Member since 2017 · 2 posts · 0 votes
9y
Yes!
I actually talked to the guy today. He isnt looking to sell it, he is a VERY slowly remodeling the property him self... i planted the seed with him... maybe he will bite? after he sleeps on it. :(
But any advice is welcome for the next one I find.
Real Estate Agent · Atco, NJ · Member since 2016 · 6 posts · 1 vote
9y
Lead with value! What do you have to offer, what do you bring to the table? Lead with what you will do for the OWNER. Ask questions, find out the owner's motivations (like you did - he's not interested in selling) - then decide if you would be of value, and tell that person what you can do for them. That's it!