Is Real Estate Really Limitless?

[Chris Harden]

Hi BiggerPockets

I've been gaining some traction networking with buyers, in addition to scheduling a meeting with the Realtor for the client who is looking to liquidize their portfolio.  Going into this meeting, of course I'm looking to be as prepared as possible.  Also, I'm again approaching this opportunity with an abundance mentality; resisting the urge to place self-limiting beliefs that this isn't for me and that I should "start small," or not pursue something that could have been introduced for a reason.

Going into this meeting with the seller's agent, I've located a buyer's agent who has investors with the capability to purchase, in the right locations.  I've also introduced myself to investors who would be interested in a partition deal, of let's say 5 properties each, given the right timing.  My idea is to arrange a property tour where investors can 'drive-by' the occupied properties, and inspect the vacant parcels.  This should show legitimacy and possibly create a sense of urgency.  Then with the investors' criteria aligned, and with the help of Escrow and an Attorney, structure the best deal where each investor purchases a partition of properties that fit their criteria.

In the interest of creating a winning solution, while also not losing the deal because it's not under contract; What are your suggestions to Wholesale this portfolio of 30 properties?  I know that there are Hard Money lenders who will lend up to $5M based upon Property profile and having a buyer lined up.  While it's a huge risk, sometimes you have to risk it to get the biscuit. 

I've included one of the analyzed properties for reference.

Are there any other creative solutions you savvy investors can think of?

Thanks in advance!