12/12/2022
🏘HOW I FOUND MY 8 UNIT APARTMENT🏘
____________
I found it on REDFIN 🔴! Yes, the old ole’ MLS (redfin, zillow, trulia, etc.) still work for these kinds of deals.
I was sitting down searching 🔎 for multi-family/apartments in my favorite area in metro Atlanta. And, that’s when this 8 unit showed up‼️.
It was first listed for $800,000 💰, then dropped to $700k 💰 and then down to $600k 💰 . $600k for 8 doors? That was a great deal depending on the condition! Why wasn’t it under contract yet🤔? Hmmm…
I messaged the agent. When I checked the NEXT day, the listing was taken down and I immediately assumed someone had already had it under contract. I was like NOO‼️
BUT THEN… the agent messaged me back and told me it was available 😃😃😄😄!!
So I sent her an LOI (letter of intent), which is a document that is used when negotiating multi-family to secure the deal BEFORE finalizing the terms of the actual contract.
They agreed to the terms of my LOI, signed 📝 and BOOM 💥 ! Due diligence and contract negotiations began!
If you are interested in getting the LOI I used to secure this deal, send me a DM or comment below and I’ll send it you!
Happy apartment 🏘 hunting everyone!