All Forum Posts by: Glenay Coleman

@Keelia Purscell I'm new to Plano (relocated from Ohio, where my rentals are) and looking to connect with a reputable realtor for some buy and hold / BRRR properties! Would you be open to exchange contact info?

Can't wait to meet everyone and learn some new elements from the two of you! Thanks so much for the invite, Mike!

Hey! Can anyone recommend the best skip trace person to reach out to on BP? If you have their contact info with any details you can share regarding their services would be great! Thank you!

Thanks Michael! I’m sorry my question was more so for someone who is wholesaling and looking to sell the house to a buyer who is buy and hold friendly! I was hoping to understand what those buyers are looking for when the properties don’t need much work and have section 8 approved & tenants living there so cash flow is already in place.

Hello! I’m familiar with the 70% discount for my investors here in Columbus for rehabs and I’m always working on getting my offers as low as possible. However in a situation where the house may go for a rental rather than a rehab and only needs a few repairs what discount are investors expecting on rentals? Example; this house I’m looking at she has section 8 tenants for the next year at $1250 a month guaranteed and she wants me to buy it for $92,500 (have not negotiated this at all yet). The location and ARV are nothing special most houses aren’t updated & are selling around $100k-115k. I’m Just seeing how I would work this out and any future situations I find like this. I’m happy to listen to a podcast if anyone can recommend. My second question is what would the best way to find rental buyers specifically those that work with section 8... I’m guessing through the section 8 website and then search landlords? Again just a new marker for me but I’m excited. Thanks.

Thank you both that’s great advice! I will get right to it!

This is exactly what I was looking for thank you!

Does anyone know a solid BP Podcast that can help me as I begin to target probates and marketing to probates? I am only 1 month in but I’m taking action and sending my weekly 300 letters to my solid list of 700 absentee owners in my target zip. I’m thinking about jumping to 1000 leads to follow up with over the next 7 months and that’s when I thought of probates. I am slowly uncovering that probates are a complicated goldmine that I would like to tap into. I have an appointment set with a probate attorney who is also a great friend of my cousin - any advice on what to gather during our conversation I know he’ll be a great source if he’ll refer me. How can I help him / how can wholesalers benefit probate attorneys? I’m assuming they make some type of commission off of the estate sale? Also any advice on obtaining probate leads? I’ve been reading about simply scanning obituaries, crossing your info on accessors site for ownership of real estate and then contacting family but that seems like a small shot in the dark. Can anyone share some tips for newbies taking action about taking over probate leads and the pros of having a probate attorney on your side? (I am also willing to pay someone in Columbus OH who understands our probate court extremely well here for an hour of your time to help me).

This is really great insight thanks everyone, I have also heard of people giving numbers so no ones time is wasted (wholesaler or seller). Just a thought, but as mentioned you just never know what kind of deal you really have til you see it!

Im a newbie but work with me I’m putting things in action! I just sent my first 600 direct mails on Monday and have gotten a few calls already... I have a question regarding how to negotiate with a seller once you’ve ran comps and would like to put an offer in. Let’s say you’ve called your seller or they called you & y’all went through your intake Qs and you ask what they want for the property they throw out a number that you know they didn’t consider would be cash, no repairs, no commissions etc. You ask them if there is room to negotiate for cash etc. they say yes a little. Then you go run your numbers and find what makes sense (cents) but you know you’ll have to offer way less of course. Now at this point when you call back to set your appt let’s say an hour or so after that initial convo & they want a #. So are you giving the seller an estimate # of what you will offer based on the ARV / estimated repairs (which you double if you haven’t seen the property) and let them know it’s contingent? —— OVERALL QUESTION: if my goal is to build a relationship with my sellers.... do you tell them a number before you come out and view or do you wait to view & inspect before even giving a ball park #? I did both (My offer was rejected and that’s ok) I don’t want to lose deals by coming in too low but I’m sticking to what makes me money or moving on.... my thought is if they’re motivated they will appreciate it and if they aren’t they won’t want my offer?! What if a seller becomes motivated over time do you still keep sending these sellers mail or stop? Sorry just working on perfecting my marketing.