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Updated over 11 years ago on . Most recent reply
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25 bandit signs = 100+ deals???
I think I might need a little help here guys - we put out 25 bandit signs saturday morning and have had 7 calls so far. 1 was a mobile home that I'm not interested in. two others we looked at tonight and they may be profitable, have to pull comps to see for sure. one guy has 4 properties he's wanting to unload - sweet!
and I just get off the phone with a guy who has been investing for 40 years (he says, but I really have no reason to doubt him) has ~100 properties he's wanting to sell in the next few months! Awesome, but yet I am feeling like a deer in headlights!
I have no clue how to handle this many potential properties. I mean I guess its no different than one property, I just want to make sure I don't drop the ball here...anyone have experience with this kind of volume?
I'd ask the big guys like @Jerry Puckett , @Sharon Vornholt, @Danny Johnson, @Mike LaCava, and @Aaron Mazzrillo if tagging was working for me...
I do not currently have a buyer that could just come in and buy all these in one fell swoop even if they were all good deals. But like I said this is a HUGE opportunity that I don't want to let slip away.
Any advice is appreciated!
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- Flipper/Rehabber
- Arlington, TX
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Those guys were the targets of the hedge funds that have sucked up so many of the properties in many of our communities. A large list provider (that you know) told me that hedge funds came to them to pull lists of everyone that had 100+ properties and that's who they went after. Only a hedge fund or something similar will have the capital to do a deal like that. So (I say in jest) get them ALL under an assignable contract and them flip them to BlackRock! =)