Where & how do I find apartment buildings with high vacancy 40-50%
Where & how do I find apartment buildings with high vacancy 40-50%, Is there a list they would show-up? Not totally vacant.
Thanks for your question. I’m not aware of any lists that automatically show vacancies of rental properties, but you could call and email real estate agents about their rental property listings and ask how many units are occupied.
Another thing you can do is when you find a property or properties you’re interested in buying, if they’re not 40% to 50% vacant, when you make your offer you can request that the current owner deliver the property with as many vacant units as you require.
Also check with banks for REO properties (bank owned). These are properties that have been foreclosed on and the bank now owns them. Sometimes these have high vacancy rates.
Here are some articles on buying and financing rental properties:
Hope this helps!