Best Way to COntact off market Multifamily Owners

[Kesha Hamilton]

I have a list of all multifamily in my area and wanted to know what's the best way to approach them by mail since I don't have their number. Should I send them a handwritten/yellow letter, or a more formal, typed professional looking letter?

[Percy N.]

Depends - are you trying to contact MF with less than 20-40 units or over 100?

We get letters from people thinking they are buying a 10 unit $2mm property when the property is worth $50mm. Most large apartment owners won't waste time with these type of "offers".

You have some luck with a small Mom & Pop owner but I would say try to hone in your target property criteria as much as possible.