All Forum Posts by: Keith Ransom

I would like his contact info as well I need to figure out how recoup my money.

I like that strategy I just need to get my credit score up, I didn' t know that you could use your benefit in that manner I will need to link up with you on the process..

Hello there I would sure be interested in some assistance analyzing multi family properties.

I have been finding a lot of vacant multi units in the 5 - 40 unit range but I am unsure how to value a property with no income, I am looking at a 40 unit deal they want $1,900,000 but I don't see how they justify there price, the property was purchased in 2013, for $280,000 I don't see where the property is worth $1,620,000 more when there is no income.

If you don't want to buy them all perhaps you could do a JV partnership with someone to purchase them, it certainly seems like you have a very motivated seller.

Perhaps the owner doesn't want to pay the expense to list his properties, perhaps he is burnt out on owning them?, seems like you might have a good value add opportunity there 11 complexes for sale, the vacant ones you could rehab and get market rents.

Well I am simply flipping the property to an end buyer and I know what there terms are. Yes that was my question to myself as well, it has been abandoned for 10 years, I am seriously concerned about unknown environmental issues that need time to inspect. What is the rush all of the sudden? The property isn't a dumpster fire but it isn't far behind as far as the condition of the property goes.

Thanks for the information, I thought that the time frames that I used were pretty standard.

Hello 

I was wondering what most investors use for the time frame of due diligence and closing when submitting offers.

I recently submitted an offer on a vacant and neglected 30 unit  property where the owner owed 145,000 in back taxes.

I put in my offer 30 days due diligence and 30 days after to close.

The owner countered with 

Due Diligence: 15 Business Days

Close date with 10 business days after due diligence period 

That seems like a short period for a property that has been vacant for 10 years... correct me if I am seeing this the wrong way so that I know how to structure my offers.

Hello there Jason

I would be interested in seeing how we can work together to achieve your goals.

We can provide JV partners, Credit partners and we can also provide 100% financing on good deals.

We also like to partner with general contractors on project as well.

I invite you to check out our website http://www.unionofcredit.com and see the many services we can provide. Since you have some money saved to invest, you can get financing for a good deal.