Buyer Here * Need help acquiring Multifamily assets in Michigan. Value Add or heavy discount
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[{"id": "gd0j2bj", "text": "Throwing it out there as constructive criticism, nobody wants to work with you if you say you're looking for distressed, fucked up, or discounted properties. Real estate investors are usually business people and don't like to think they're getting taken advantage of, especially people that are incompetent and actually own \"discounted\" properties. I learned it the hard way. The only distressed deals you're going to find are from non industry types and definitely not in this sub", "replies": [{"id": "gd13px8", "text": "Lots of different situations out there.  If you got hammered by Covid and tenants are not paying, you have a distressed property.  \nWe pay market on Actuals.  We do repeat business because we close.  Our criteria works for us and the Sellers we work with.  \nI find if you support your offer with numbers it is a respectful conversation.  \nConversely, brokers putting deals out there at \u2018market price\u2019 are asking for disappointing offers.  \nThanks for your advice.", "replies": [], "depth": 2}], "depth": 1}]