All Forum Posts by: Zander Kempf

It sounds like it's worth the wait. Additionally, you can still list it on the market and just advertise that you can't close before X date. As long as it's not more than a couple months out then it shouldn't be a problem. You usually don't close for a month or so anyways with someone getting a loan. 

Another option would be to sell it and have someone go under contract with you, but move in now and start paying rent. Then you get some income and the property locked up under contract. As long as the contract spells everything out clearly and you collect a hefty down payment then that may be a viable option.

You can evaluate the flip as a rental so if the market tanks and you can't sell then you can switch to a BRRRR type model. There are plenty of commercial rental loan products that don't require W2 income (patch of land, lending one etc.)

I use a home depot commercial revolving card. They gave me a high limit and 60 day payment terms. That helps float a lot of the costs. Also with the pro account you get discounts when your purchases are above $1500.

I also use a commercial credit account with Sherwin Williams. They offer big discounts, free delivery, and an account manager who will coordinate directly with my contractors. 

Oftentimes agents don't want to get themselves a reputation of always doing lowball offers. Others just generally don't like conflict and don't want to insult people. It's a fine line to walk but there's not much harm in being aggressive, as long as you justify your offer. Layout what your expected costs and risks would be in a letter to accompany your offer. This can help "soften the blow" of a low number.

What is the expected pricing on these platforms? None of their website have listed prices

You should be able to calculate it yourself, as long as the terms are defined in the tenants leases or you have them sign addendums. 

You can also consider installing flow meters on the water lines to monitor the readings yourself. This can potentially work for a boiler to divide heating cost as well

You can have your PM do their own version of RUBS manually. You don't need a company to manage it, just an excel spreadsheet. 

I would check with the local laws to ensure you are allowed to do it in your state, but otherwise you should be all set.

My concern (untested thus far) with DM is competition in competitive markets. If everyone is buying the same lists and sending similar mailers, your response rate for mailers is going to be much lower.

Nobody cares about your deal as much as you do. I always try to raise 120% or 100% plus the amount of the largest investor. That way if anyone pulls out then I still have sufficient capital to close the deal. The excess funds I simply add to a waitlist for the next deal

@Rickey Miller Jr and @Ellis San Jose 

Do you find these sellers through purchasing lists or do you have a more organic way of finding them?

Does anyone use any social media marketing?