How to buy an apartment building? You could start with a look in the newspaper, a visit to a broker, or a search online – all good ways. Of course, since you’re looking at the same properties as every other investor, it’s not always easy to beat the competition to the great deals. Is there a better way?
Why not look for properties that aren’t yet for sale, and make an offer? This is how I bought my first home. An ad in the paper stating what I was looking for, brought a call from an old couple that had been thinking about selling. I got a good price, and they saved a real estate agent’s commission. Trying to buy an apartment building this way may be even more likely to succeed.
Buying apartment buildings that aren’t for sale starts with a three step search process. you first decide what you’re looking for. Do you want duplexes and four-plexes, or larger apartment buildings? The second step is to start looking for properties that fit your criteria. Finally, you contact the owners.
How To Buy An Apartment Building From Non-Sellers
First of all, don’t limit yourself to “fixer-uppers” or...
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