Buying From My Landlord
Looking for some advice here - any input is appreciated!
I live in one unit of a duplex. The landlord is an older couple, who live in Florida. They only rent out 1 unit and keep the other one open for when they come to the area to visit family a couple of times a year, though they've never made the trip while we've lived here for the last 5 months. I'm not sure how "well off" they are, but I'm guessing they are comfortable, as they are probably just about breaking even, if not losing money on this property after taxes, insurance, etc.
They aren't marketing the place and we've never heard any mention of them thinking to sell. We've never met them in person, but have spoke on the phone on a couple of occasions. They have a maintenance guy that handles anything so our contact with the landlord is very limited.
I would love to this property as my first investment property, however, I'm having trouble thinking about how I to be going about this.
My initial thoughts are to just put out a feeler saying how much my wife and I love this area and that we eventually would like to hopefully buy some day and just politely ask that if they were ever thinking of it, to please keep us in mind.
I'm having trouble figuring out how to communicate this message. I'm thinking of mailing a letter, just because we've never met them in person and I'm not sure how they would take it, but I also want to make sure they receive the letter. We have no idea when they will be back in town, but could also wait until then and try to speak about it in person...
How would you guys handle it? Also, what kind of a deal would you offer?
