All Forum Posts by: Danna Gallow

Thank you for your feedback Jesus. We are under contract with two of the properties. I will be buying and holding these.  I plan on wholesaling five of the other properties.  

Do you happen to buy in the Beaumont area, or, can you refer me to any Investors that you are in contact with who does?  I am constantly building my buyer's list? 

Thanks

Hey Y'all. This is Danna from Beaumont TX. I've established a dialogue with a tired landlord who is selling 12 rental properties. These are a mix of tenant occupied, empty and needs a slight rehab, major rehab, etc. I am brand new with only one property under contract (fingers crossed). I plan to do walk throughs, take pictures, do a short walkthrough video, and run the numbers on each property to come up with my offers.

My question: What is a good strategy to negotiate prices with this Owner? Assess each property individually, or, is there a such a thing as a "package deal" and offer one price for all 12 properties? If Investors out there are looking to buy "bulk deals" what would be a good strategy to present these properties?

Thank you

Hey Y'all. This is Danna from Beaumont TX. I've established a dialogue with a tired landlord who is selling 12 rental properties. These are a mix of tenant occupied, empty and needs a slight rehab, major rehab, etc. I am brand new with only one property under contract (fingers crossed). I plan to do walk throughs, take pictures, do a short walkthrough video, and run the numbers on each property to come up with my offers.

My question: What is a good strategy to negotiate prices with this Owner? Assess each property individually, or, is there a such a thing as a "package deal" and offer one price for all 12 properties? If Investors out there are looking to buy "bulk deals" what would be a good strategy to present these properties?

Thank you

Hey Y'all.  This is Danna from Beaumont TX. I've established a dialogue with a tired landlord who is selling 12 rental properties.  These are a mix of tenant occupied, empty and needs a slight rehab, major rehab, etc.  I am brand new with only one property under contract (fingers crossed).  I plan to do walk throughs, take pictures, do a short walkthrough video, and run the numbers on each property to come up with my offers.

My question: What is a good strategy to negotiate prices with this Owner?  Assess each property individually, or, is there a such a thing as a "package deal" and offer one price for all 12 properties?  If Investors out there are looking to buy "bulk deals" what would be a good strategy to present these properties?

Thank you

Thank you Bob, I sent my contact info through your messaging app.

What do you mean by "agency loans"?  I've reached out to a couple of Hard Money Lenders and they both only lend to LLCs...

I recently formed a manager-managed LLC with my two children. The three of us are "managers." I will be the President and handle day-to-day operations, while the two of them will have specific roles.

Question: When I purchase investment properties under this LLC, are there any foresee-able roadblocks to obtaining a loan or closing? Will lenders require all of us to be on the loan application? I plan to apply for the loan with my credit only, no co-signers from the other two managers.

Hey Y'all. I am @KountryNotary. I am making the transition from a Mobile Notary into Real Estate Investing. I have a great deal of experience with Real Estate Documents, strong knowledge of my local market in Southeast Texas, and enough cash saved up for my first purchase down payment. I am going to use a Hard Money Lender for my first deal and I am concerned about over paying fees.

Any advice from the Forum on how to find a Lender that doesn't charge excessive fees?

Hey Y'all.  I am the Kountry Notary.  I am making the transition from a Mobile Notary into Real Estate Investing. I have a great deal of experience with Real Estate Documents, strong knowledge of my local market in Southeast Texas, and enough cash saved up for my first purchase down payment.  I am going to use a Hard Money Lender for my first deal and I am concerned about over paying fees.  

Any advice from the Forum on how to find a Lender that doesn't charge excessive fees?

Is there a Skip Tracing app on Bigger Pockets?  Bigger Pockets Pro?