wholesale-ing 2,3,4-plexes - Posted by pp

Posted by Jennifer on November 14, 2002 at 09:26:42:

Maybe try running your own ad and see what kind of response you get- it would just be a test- and then go from there.

wholesale-ing 2,3,4-plexes - Posted by pp

Posted by pp on November 13, 2002 at 18:58:08:

Does anyone have any thoughts on how to find motivated sellers to find 2,3 or 4 plexes at deep discounts? Does anyone have success stories? I have never seen an advertisement that says “We Buy Multi-Units! any shape any price!”

Re: wholesale-ing 2,3,4-plexes - Posted by M. Martin

Posted by M. Martin on November 14, 2002 at 20:22:39:

In my area there is a company who advertises almost exactly as your post reads. I don’t know how successful they are.

As for ideas here are a few:

Run your ad, see what happens.

Drive by properties that look distressed, locate owners, send letter. (An investor friend of mine picked up some doubles and a 12 unit building this way.)

Talk with property management companies to see if any clients want to sell.

Talk with contractors, maintenance men etc.

Put flyer at Investment club meeting stating what you are looking for. At our monthly meeting there are about 100 multi unit building owners in one room at one time! Some own 50+ properties and are always looking to sell or exchange.

Check the paper under investment commercial properties. Sometimes investors will unload multiple properties as a package deal at a substantial discount.

just a few thoughts, hope this helps.