Anyone investing in apartments? You mind sharing your success.
I just started marketing to apartment owners and the response rate has been much higher than residential.
Hello @Avery Johnson Congrats on getting a good response rate. What markets are you prospecting in? What size properties are most of the responses?
Thank you @Giovanni Isaksen I market in Phoenix and Tucson, Arizona. I've contacted owners that own complexes with 20 units and under.
Hello @Avery Gilmer how are you marketing to the apartment owners? Direct mail, phone calls, other?
Hello @Patrick O'Sullivan I code call first & if I can't get in touch with the owner I'll send out yellow letters
How is the marketing going?
@Avery Gilmer how do you get the numbers of the apartment owners?
@Erick Martinez I use different skip tracing websites like 411.com zabasearch.com TLO.com intelius.com
@Avery Gilmer Okay, how did you know who's name to search up?
I'm sorry if I'm asking such rookie questions, I really new to this. Thank you for the advice Avery.
No problem. So I get my list of addresses from my title company & in that list it has the owners name & their physical address along with the subject property I'm interested in. So once I skip trace their name or physical address it's going to give me their phone numbers. If the numbers aren't accurate or disconnected I will send them a yellow letter
I own/buy in those AZ markets and am very interested in 20+ units and am happy to pay a fee for assignment.
Great marketing plan. We do the same in Los Angeles.
@Avery Gilmer Wow that's a great idea. Thank you for the advice Avery, much appreciated
@Matt Skinner I have a nice C+ 18 unit property in Arizona available right now, running just under a 10 CAP on actuals. Area is about 8 CAP.
Join the Largest Real Estate Investing Community
Basic membership is free, forever.