Advice on purchasing property from my current landlord

[Stuart Gardner]

Hey BP Community,

I currently rent a unit in a 4 unit apartment. The tenant above me is being evicted, and the other 2 have been there for years. The landlord is an elderly couple, who have multiple units around the area, however i think property management and being a landlord may have become to much for them. (The roof started to leak after a bad winter and it took them several months with repeated letters and pictures before they did anything.) However, other than needing a good face lift the property seems pretty solid. 

My question is, does anyone have any advice on approaching/purchasing property from their landlord? 

Thanks

[Chris T.]

Hi @Stuart Gardner

Do you have a relationship with your landlord ? if so, you can probably ask them directly? 

If not, I would try to cultivate one and listen to their situation. Listen to clues that they might be interested to sell. And how motivated they are to sell.

Although the physical signs are there, you do not want to assume. 

Good luck!