Looking for sellers
What would be your strategy right now in terms of looking for people trying to sell assets ($3-10MM range)? not exactly looking to bottom feed, but if you wanted to find somewhat distressed sellers that may be motivated to get away from a deal.
[{"id": "fmpmtmz", "text": "People have several months of time from stop paying mortgage to get property foreclosed.  I would say 6 months of notice of default you have a better chance.", "replies": [], "depth": 1}, {"id": "fmx6zja", "text": "Auctions already in the pipeline are best option next 1-3 months, IMO. Idk how distressed CMBS servicers are, but maybe they'll be lowering minimum bids for assets they were already planning to auction.\nI think the tasty stuff (non-auction) won't show up until 4Q20-2Q21, but in the mean time I'd be reaching out to my brokers in markets I'm interested in to let them know I have cash for quick-close distressed assets.", "replies": [], "depth": 1}]