Updated over 7 years ago on . Most recent reply
Locating Multi-family Property Owners
Looking for suggestions/recommendations for locating mom/pop owned multi-family apartment buildings. Can you purchase lists of these owners? If so, do you recommend a reliable source? Any other resources for finding owners?
I purchased my two 9-unit buildings in 2018 from mom/pop owners and it has gone very well. Bank financed one of the buildings and owner financed the other. I located these through a friend of mine that knew the elderly owners.
Just looking for tricks/systems that have worked for you. Since buying my buildings, I've sent out letters to other building owners near the two I purchased with great response. I have a lead on another elderly owner with 10 doors that he wants to move within the next 18 months. However, I am in the market for larger deals.
All input greatly appreciated. Thanks
Most Popular Reply
Look into National Apartment Association, every state has a chapter; we are part of NJ chapter - NJAA; You can join as a vendor or owner; you will be added to the directory and will get access to owners of properties. I would like to stress the importance of relationships, most of good deals come from referrals and built relationships.