Is this idea worth pursuing?

4 Replies

As I think about creative ways to obtain my first property, I can't help but think a little outside the box.

I own a lawn maintenance business and while we mainly deal with residential (better money), the company can handle small to mid sized commercial properties. Since I know that commercial properties that we can handle can be worth anywhere from 5K to 35k a year, i wondered if I could get lucky and find a trading opportunity. Ideally this would be an owner of an apartment complex that also owns smaller units, such as SFH or MFH, and trade services for these smaller properties they may not want to keep anymore.

I am certain this wouldn't be easy to find but is it a good idea to find owners that fit that category and try to make a similar deal?

Could happen! But, save yourself and the seller some accounting and tax problems, just get paid and buy his place. :)

Originally posted by @Neal Collins :

At least your business puts you in front of property owners each day. That's a great start and gives you a nice way to get insight into what's going on.

 You're right. It's funny the side effects of some things that you never realize in the beginning. In fact I am considering marketing to a few new people in the absentee owners.