Quit Facebook and bought 16 units shortly after!

[Drew McKinney]

A few weeks ago I was able to close on 13 units from one seller and 3 single family homes from another on the same day.  Both seller financed.  The point to the title of this thread is have you ever felt like you were doing something you shouldn't be doing as far as time management/waste?  Well I bet I was pulling up that silly Facebooker 20 plus times a day, yuck ( was probably more like 40) :)  And I know many use this as a tool for their business, but I wasn't.  I was looking at what Joe had for breakfast.

The day I quit the facebooker I decided to pull up several smaller 7-8 units multifamily buildings in the area whom which I knew who the owners names were just by taking notice or writing them down while driving through town and then checking the county website.  That day I noticed a few had changed hands and I knew that particular owner owned around 70 units or so in the area.  Facebooker free I had plenty of free time to track this guy down via his small business he owned  ( he doesn't have a cell, nor email).  I gave him a call and said I noticed that you have sold a few rentals in the recent past and was wondering if you would want to sell more, he replied sure, I'll sell them all.   Very nice guy, he unfortunately had a death in the family within the last two years and was ready to go a different direction.

After meeting him initially it took about another 6 months of phone calls/negotiations to get it all wrapped up.

It ended up being an 8 unit, with a large vacant lot next to it.  Two duplexes and a single family.

The other 3 home purchases were pretty similar, I noticed this guy had 18 or so properties from the county website.  I gave him a call we talked about rentals and selling and he was more than happy to start thinking about retiring/not taking phone calls from tenants.  I actually bought a duplex from this seller first a few months prior using conventional financing, then we were able to come to seller finance terms on the 3 singles.  

I guess the takeaway to my long winded facebooker story is that we all have the same 24 hours in a day.  If we take advantage of the time that we all have and not waste it then there are plenty of opportunities out there to be found.

Drew