All Forum Posts by: Kacie Heggemeier

I'm feeling pretty optimistic... I have 193 units  fully occupied and my delinquency is at 22% as of the 7th

@Ryan Deasy Hi Ryan, Your approach is exactly the route that I wanted to take. I'd rather take the seller financing route at this time, and I'd rather not waste everyone's time if they aren't willing to consider it. Does it make sense to offer seller financing if his single family homes are already occupied?  I want to make sure the offer makes the most sense. If he already has cash flow from tenants, but just wants to get out from under them because he feels that he is getting to old, the offer will have to be good enough to where I can still pay him, and I myself receive some type of cash flow.

Hi all,

I'm looking to make my first deal and came across a duplex for sale. I inquired with the owner for more information which he quickly provided me with and mentioned that he is very motivated, as he is " getting too old" to deal with them anymore. In my initial email to him, I asked if seller financing was an option, but he did not answer this question.   After receiving the details on the duplex, I felt as though it was a bit more than what I'd like to take on as my first deal and asked him if he had any other real estate that he was interested in selling.  He responded that he does have a few residential homes and asked what I was looking for.

So here's my question....I haven't responded yet. How do I pitch seller financing? I do not know him, and I do not have details on the other properties yet.  I didn't know if I should wait and get the details, see the properties then make my move? Or should I be up front and ask if seller financing is even an option so that if he isn't interested, I don't waste out time?    Any advice or suggestions will be greatly appreciated. 

Hi @Scott Dixon. Thanks so much for the reply. To be honest, we are in the very beginning stages, we are still trying to decide what the best starter option for us is.  I am reading everything I can and listening to every podcast I can.  I am hoping that with the wealth of information available here on Bigger Pockets, we can confidently determine what our best option is. We make great money as property managers (especially in our area), however, coming up with the cash to make our first couple purchases (without completely draining our savings) is what we are really trying to figure out. 

Thanks for the advice. I hope you have a Happy New Year!

@Michael Shear Wow, what a small world!! My husband is from Nashville, IL and went to SIU-E. I went to SIU-C.  You have probably seen the properties we manage in Carbondale.  I would love to connect and keep in touch.  We are literally just starting out and don't even have our first deal done yet. Thanks for the book recommendation, I will definitely add that to my list!

Hi all,

I am so glad that I came across BiggerPockets. Based on everything that I have ready thus far, this community seems wonderful. My husband and I are both in property management and between the two of us we manage close to 450 units in a college town. We are looking to start investing in our own properties. We want to have financial freedom! I am reading every book and listening to every podcast possible.  I would appreciate any and all advice from any of you. I look forward to this journey and to connecting with some of you!