All Forum Posts by: Kevin Gilliard

Ok, thanks. Im new to this so trying to learn the terms/lingo as much as possible. 

Can someone explain to me what does 'no seasoning period' means?

So I have two properties that I came across and would like some input. I have not yet looked at both proprieties, however property 2 I have a viewing today. Will try to setup viewing for property 1 today if possible.  Thanks for all input.

Property 1. 

• $30K list price plus closing costs
• Title search already complete
• 2 bedroom 2 bath
• Vacant
• Rental rate is $700/month
• Taxes: $519.89/year
• HOA is $183/month
• Buy and Hold:
  • $1000 in repairs (clean and paint)
  • $275/month Net Operating Income
  • 11% Cap Rate

Property 2

24,900/price

2 bedroom 2 bath

deck/ balcony

vacant

rental $600-$700

HOA: $238

TAXES: ?

Needs TLC such as cleanup and paint

2 bedroom 2 bath, balcony off of family room and master bedroom. Fireplace in family room. Split bedroom floor plan.

Jeff,

Thanks I actually have about 85% of those questions from the owner just off the ad that was placed. The owner is getting an offer today which in his words "thinks its going to be a low-ball offer" . He asked me to call him this afternoon. Also I have an investor that I will be talking to this afternoon also that is going to give me some input. I appreciate the help , I will save those questions for future reference.

Thanks 

Thanks

I would like to speak with someone who has experience in purchasing  mobile home parks. I have a small park that is local to me that I think is great buy and want to get some input from a investor that is experienced.

Thanks

John , 

Welcome to BP John. I'm from Columbia working on my first wholesale deal. About to do more letters as we speak. Wishing you luck!

@Steve Vaughan thanks I just wanted to be correct and look professional.

Thank you!

@Steve Vaughan so I should address the letter to the info in the owner line?

So I found a few properties this week and one of those properties is near me with a FSBO sign up. When I pulled the owners information up from the county website it has the owner listed as " a trust company".

In the first address line it has "FBO" followed by a name that has "IRA" at the end. My question is whom should I address this letter to?

example: FBO Kevin Gilliard IRA

Thanks in advance!!

@antwaun sumpter That would be great if we could sit down over coffee or something. Let me know how you're schedule is looking next week. Can I inbox you me cell?