How To Approach Owner – 10 SFH’s Owned Free & Clear – Same Owner
Found out that a high school friend inherited several properties and there are no liens against any of them. Today’s combine MV=670k +. All of the properties are in “average” condition and I’m confident with a little tlc the MV would increase dramatically. I haven’t talked with her in several years so I’m not sure what the situation is. So I’m sending her a letter with the normal “how have you been” stuff and also letting her know that as an Investor I would be interested in talking with her if she in was ever interested in off-loading some if not all of them. I would like to look at some L/O deals with her carrying back a portion of what they’re worth today. Struggling with how to approach her if she’s just collecting rent checks today and not really keeping the properties maintained very well. Any input / ideas / suggestions / etc… would be greatly appreciated. Sincerely, Ed
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You are just talking about an initial contact. Stick with the Hi, how you been kind of stuff, and mention that you are a real estate investor. If she's interested she'll approach you and then you can explore the various methods available to reach a mutually beneficial outcome.
BTW, Where did you graduate from and what year?
Shawn Dostie
Coshocton Ohio
Walnut Ridge
Class of 1984
Thanks for the advice.
Graduated from Linden McKinley ’87, Columbus.