All Forum Posts by: Duncan Hayes

I am solely assigning the deal to someone capable of handling it, as I am not at that point in my real estate career just yet. 

I am currently locked into a deal for 27 units in Sumter, SC. The package is composed of seven triplexes, one quadplex, and one duplex. All occupied except for one unit that's being turned over currently. Rent ranges from $700-$1050, with room to bring them all up to that $1050 range. 

Anyone interested?  

You need to study up. I am not saying spend all your time learning and not doing, but please make sure you learn. 

Learn the laws of your market. Learn what the difference between an assignment and an ABC transaction is. Learn the median home price. Learn how to calculate repairs fairly accurately. Learn how to calculate ARV. Learn how to calculate your max allowable offer. There's tons of podcast and books.

One book I recommend is "If You Can't Wholesale After This, Then I've Got Nothing For Ya" by Todd Fleming. I read this book AFTER I completed my first deal back in 2019. Everything he said in this book is exactly what I did. The faster you pick up the knowledge, the faster you can start working on deals. 

What exactly are you trying to find out? How to structure the deal? How much to sell for? How to determine payments? 

Welcome! I definitely suggest learning creative financing strategies. I myself am a student of folks like Ron Legrand and Grant Kemp, heavy hitters in the creative world. I highly recommend learning those strategies, as you can own limitless properties when buying without using bank funding!