Found Abandoned Property Owner - now what?

Question

So I’ve found a cool, what looks to be, abandoned property that I’d love to buy and turn into an Airbnb. After some on-line digging I’ve found contact info for the property owner. Looks like it was purchased 3 years ago and hasn’t been touched since.

What’s the best strategy now? How do I try to get the property at the best price without having them blow me off? What have you guys seen work?

Any help is appreciated.

Michael Dumler · Answer

@Kevin Young you need to build rapport with the owner. Reach out and let them know that you are interested in purchasing the property and what your future intentions are. Determine if they are even motivated to sell, sounds like they may not be, but circumstances change all the time. If they have zero interest in selling, then keep them in your back pocket and move onto the next. Consistency is key, reach out every few months and regulate if anything has changed that may motivate them to sell. Hope this helps!

Jody Sperling · Answer

Chances are, other people have found this property too, and chances are, other people have contacted the owner before. If you want to stand out, have an edge, and be the person who eventually buys the property, figure out who the buyer is, and create a personal appeal to the buyer that emphasizes the buyer's wants and needs.

Learn why the buyer bought the property to begin with, what holding it is accomplishing, and if another property might better suit the buyer's needs. In the end, though, it's going to come down to timing. The buyer likely won't respond until he's ready to sell. Be persistent, but respectful. Best of luck!