All Forum Posts by: Justin Vaughan

You dont need traditional funding to buy appartments. You can buy apartments with nothing down the same way you can buy a single family house. The trick to finding motivated sellers in commercial is this.

The average owner gets into commercial real estate at 49 years of age. So what I do, is I direct mail market to owners who bought 17 years ago or more. That way I am talking to guys who are generally in their late 60's. Many of these guys are looking to retire and they are at or near the end of being able to depreciate their property.

So I approach them and offer to turn their proerty into a long term income stream, that will pass to their kids and grandkids after they pass on. You will be amazed at the number of owners who will sell when you use that approach.

Note this doesnt work if the owner is a REIT

To your success

Josh

Josh, how did you get a list of owners that bought 17 years ago or more? Where can we find this information?

Thanks,

Justin

0 Votes

I'm in Arlington, but I wouldn't mind going and meeting some local investors.

0 Votes

@Ryan Tatro and @Brandon Schlichter

Thanks guys! I really appreciate you taking the time to answer those questions.

0 Votes

Hey newbie here! You are awesome man! I can't wait to be in your shoes.

So for my newbie questions: what is LTV? (Not familiar with all acronyms yet)

And what is crowdfunding?

0 Votes

Thank you all!

0 Votes

Hi! My name is Justin, I'm from Arlington Texas and I'm completely new to real estate investing. I hope that I can not only bring success to myself, but to those I do business with as well! So, in the spirit of good business I just wanted to take a moment and introduce myself to everyone!

Have a great day!

-Justin

1 Vote

All Forum Posts by: Justin Vaughan

Justin Vaughan has started 4 posts and replied 28 times.

Post: North Dallas / Collin County Meeting?

Post: Down payment for apartments

Post: Down payment for apartments

Post: Richardson / North Dallas Meetup

Post: Almost 2 years into being a buy-and-holder - 18 units & a full time job

Post: Almost 2 years into being a buy-and-holder - 18 units & a full time job

Post: I just want to introduce myself.

Post: I just want to introduce myself.