All Forum Posts by: Clifton Grady

@Account Closed Good looking out!  Thank you for that resource.

@James Vermillion - I'm getting calls from my first marketing campaign and are finding that many areas inside New Circle seem "rough" and I really don't know where the buyers are for these properties to wholesale to. Advice? Also, areas to stay away from?

@Account Closed - I feel the exact same way. YES, I'd like to make extra cash for my family, but not at the expense of robbing someone of the home they've cherished for 30 years and are now no longer able to maintain it. There is a balancing act to ensure that you're not robbing folks or presenting offers that are insulting to end buyers and the numbers don't make sense. In gentrifying areas (where most of my calls originate), I'm struggling to make offers that make sense for a wholesale deal. I'm approaching sellers as if my own money is on the line, because eventually I will be the end buyer. If I personally won't pay a penny higher as a cash buyer than my maximum allowable offer, then why should I gamble and offer closer to what the seller wants and pray that I can find an end buyer? Yes, there is the potential to make a king's ransom long-term, but there are too many variables that are in play. Offer too low, sellers hold out for a bigger payday and I miss out on a marginal deal. Offer too high and lose any credibility with my buyers. The struggles of a budding real estate tycoon. . .

As the calls start coming in from my first decent marketing campaign (500 postcards), I am struggling to make offers that are a win-win. Some properties are in rental areas where crime is the highest in the city of Lexington, KY. I've driven the area and have met with a couple sellers who mention over the phone one ballpark price. Upon entering the dilapidated shell-of-a-home that needs to be gutted and cleared of debris, I find 30 year old insulation covering the floor of each room, warped floors, no ceiling, a leaking roof, a destroyed kitchen and an owner attempting shop his home for the highest bidder to hopefully get ARV for his hunk of junk.

What I'm finding is a common theme since full blocks are being bought out and the natives being forced out to make way for hipsters, swanky little coffee shops, and inflated real estate prices. With sellers debating sell for Cash vs. hold out since their hunks of junk are "a goldmine", how can a new wholesaler know what a truly fair but profitable offer is?

Some gurus state that if your offer doesn't embarrass you, then it's not low enough. But, does this get you laughed out of great deals due to the potential equity due to pending gentrification?

As the calls start coming in from my first decent marketing campaign (500 postcards), I am struggling to make offers that are a win-win. Some properties are in rental areas where crime is the highest in the city of Lexington, KY. I've driven the area and have met with a couple sellers who mention over the phone one ballpark price. Upon entering the dilapidated shell-of-a-home that needs to be gutted and cleared of debris, I find 30 year old insulation covering the floor of each room, warped floors, no ceiling, a leaking roof, a destroyed kitchen and an owner attempting shop his home for the highest bidder to hopefully get ARV for his hunk of junk.

What I'm finding is a common theme since full blocks are being bought out and the natives being forced out to make way for hipsters, swanky little coffee shops, and inflated real estate prices. With sellers debating sell for Cash vs. hold out since their hunks of junk are "a goldmine", how can a new wholesaler know what a truly fair but profitable offer is?

Some gurus state that if your offer doesn't embarrass you, then it's not low enough. But, does this get you laughed out of great deals due to the potential equity due to pending gentrification?

@Russell- I've heard Sharon on BP podcast and a few others. I also visit her blog on occasion. She is killing it with probate deals. Do you know if Lexington publishes probate listings in the newspaper like in Louisville? That's a huge advantage she has over other areas of the country. It's hard to spend hours at the courthouse sifting through probate/inheritance files.

@Anthony-The UF joke is hilarious. Thanks for the warm welcome.

@James, Derek, and Judd- I look forward to meeting you guys in the near future and hope we can do business together. I'm a firm believer of abundance.

Thanks Harrison! I saw the posts about a meet up, but there wasn't a set time/place that worked for everyone yet. I'm very interested in networking with other players in the area and getting my venture off the ground.

Hello all! I'm Clifton Grady and I am fairly new to real estate investing. My full-time career is in operations and process improvement at Amazon.com, but I love real estate and have always been interested in real estate investing. I'm married and am the father of 4 boys and 2 girls. Needless to say, I'm exploring multiple revenue streams. My goal in real estate is to build capital in the short-term through wholesaling to fund future fix-flip deals and eventually build a portfolio to create substantial passive cash flow. I'm extremely interested in meeting successful investors in the area to gain partnerships and do future business with a close knit group that I can trust. We moved to Lexington 18 months ago with my job. Still learning this area, but I've enjoyed my time here so far. We resided in the Washington DC metro area for the previous 12 years. I received my B.S. in Economics in 2000 from the University of Florida (GO GATORS!!!)

I really would love to connect with other investors in the area, but the 24th may be a stretch. I'll be coming from Amazon.com in Winchester and won't get out of there until around 7pm. If you come up with a different date/time, please let me know.

Time and location for next Tuesday?