All Forum Posts by: Chris Rightmyer

Trying to get some options for a contract that we just tied up today. I have a property locked up and was planning on marketing it out as a wholesale deal to my buyers list and shouldn't have much trouble doing so with the numbers. The issue at hand is that the seller had a tenant in this property that quit paying rent about 4 months ago and actually hasn't lived there in 3 months. She did however simply leave the property and left all of her furniture and belongings there. The owners has continuously asked her to come pick the stuff up and take it away and she hasn't for one reason or another. Primarily because I don't believe she has anywhere to put it and can't afford a storage facility.

What options do I as a buyer have for this situation or can I offer as advice or guidance to the seller to move this deal along as quickly as possibly? Is it still okay for me to even show the property as this is going along? Any advice from someone that has been through this or know what options are available would be much appreciated.

I am in Kentucky in that is needed.

Thanks

Had a quick question that Im sure has been addressed at one time or another here.

I have come across a seller who has about 20 Single Family as well as a mobile home property that is looking to retire and unload all of them. I am still in the beginning of negotiations with him, but thought I would try to come up with some options to possibly propose to this individual to provide some additional value to this transaction. I am looking to either wholesale most and keep a few myself as we proceed.

What are some strategies that I can propose to this individual to assist him with the tax issue of unloading these properties? I am thinking of possibly offering him a bulk price with him carrying the note and have the properties balloon at different intervals. Obviously not being an accountant, I can't give him advice, but am just looking at some different options that I could offer him to help with this tax issue that would possibly appeal to him rather than just say hey, I would like to buy everything you have.

No doubt. I am refusing to let that happen. Hoping for success sooner than later, but the hardest part is just taking action and following it through to that first deal, which I am striving for every day. With what you are doing and what I am trying to keep myself focused doing, success WILL follow.

Enjoying the thread David. I am in a very similar spot you are in just getting that marketing going and fielding some calls. About to do my second mailing this weekend and looking forward to that first deal. Good luck to you and I will certainly be following the thread as you progress.

Hey Kyle. This was my most recent mailing and to me thus far it seems to be a good mix of both. I have gotten quite a few rentals properties as well as homeowners that have moved away for one reason or another. I have actually found that most of them seem to be actually free and clear or close to it to my pleasant surprise although their motivation with this in mind isn't too great to just give the property away at our asking prices. I do plan to keep following up with them just to gauge their interest going forward as this may change, but this has been my experience so far.

Welcome Travis. Look forward to hearing and learning from your experience with myself being very new to the game.

You mentioned you are doing deals in KY? I have buyers looking currently in Lexington should you have anything that you come across and are needing some help locating someone for. PM me should this be of any interest or if you are needing any help on the ground out this way.

Thanks Brandon. Those were a few that I was thinking, guess I was just wanting confirmation as to whether or not I might be missing something else that would be better in others viewpoint.

Guys, Been lurking and studying in the shadows but have actually started to see some results of some marketing that I have been doing. Was wanting to get some thoughts from those much more experience than I on what to do with some of these deals
I did a marketing to some out of state owners and have been getting some decent leads on free and clear properties. Some are not real negotiable on pricing but some may be. Will find out more on my visits to the actual properties themselves.
My question would be what are some of the possible options that I could throw out there for them to consider? Hate to throw leads away however at the same time I want to be patient and make sure not to just jump at deals to be doing deals.
Most of the ones I am considering are single family or duplexes, all ARV'd out at around 100k, rents in the 850-900 range or for the duplexes 1200 total.
Just pushing for that first deal to get me over the proverbial starting out phase. Any guidance, help would be appreciated.

Good to see another local Brian. It sounds like you have a lot more to offer and know more than you are giving yourself credit for having gone through what you did. Please let me know if you are ever in the Lexington area as I would love to introduce myself as it seems like we have some of the same ideas and aspirations.

Hello all. I have been lurking here for a bit reading up as much as I can. I greatly appreciate this place and the wealth of knowledge and advice that this place has. Hopefully with time and sage advice from fellow investors on here I can get to a point that some or most of you all are at.

I live in Lexington Ky currently and am currently employed within my family owned insurance agency. Just coming to realize that insurance is not my hearts desire for a career path. I have been interested for sometime in REI, but haven't brought myself to making that initial leap of faith.

My future goal would be to possess a few nice buy and hold properties while taking a stab at rehabbing down the road. I feel like with my business background and education, along with high goals for my future, that this can be obtainable, possibly with some much needed assistance here and from other local investors in my area.

Looking forward to future discussions and networking!