Reaching out to adjoining property owner

General Real Estate Investing
1

Has anyone here made a successful effort to purchase a neighboring property? This is a commercial location that still has some residential holdover. The neighbor holds 220 feet of frontage and we are looking to purchase all, or some, to make our location more attractive for development.

I don’t want to start off on the wrong foot with the person. Has anyone had success contacting and working out a deal? If so, I would love to hear the story of how you approached and if you have any recommendations for us.

Thanks,

roblaw

2

I would send them a letter stating your interest in the property. The issue that you see is only mental; you think that you’re too close to them.

Treat them as you would any other seller, don’t mention the fact that you’re a neighbor til there is an agreement

3

Hassansr,

Thanks for taking the time to post. It really didn’t even dawn on me to avoid mentioning that we own the adjacent piece.

Regards,

roblaw

4

@ hassansr

I think there’s a reason for him to think “close” to the property