All Forum Posts by: Kyle Brose

@Taylor L. Okay, I will look happy up. Thank you!!

@Michael Plante thanks! I am over complicating it lol

If everything continues to fall into place we will be closing on our first NOO duplex next week. This has been an off market deal with the sellers having an agent facilitate paper work.

Our good friends rent one half and they speak well of the other tenants who we haven’t met. Both leases have a couple more months on them. We hear the other tenants are buying a home and plan to move, which brings up my question.

How is best to open up communication with them? That half of the duplex is run through a property management company. I know I’ve been sloppy with this one.

Any tips of how to start a conversation with them? Do I need to get them to sign a lease with our name on it? We have copies of the current leases..

Thanks in advance

@Benjamin Tighe, good call. The gentleman said he was just looking in that specific area. It was a vague response. DM says in their Terms and conditions that they do not share or sell their users leads. This just smelled fishy.

I had a fishy experience with Deal Machine lately. I sent a postcard to my brother in law regarding his rental as a joke. The home has bee a rental for around 5 years and they have never been solicited about selling it. Shortly after receiving my post card they have gotten at least one text from an investor curious if they were interested in selling.

Coincidence???!! Seems very fishy to me. Does anyone know anything about Deal Machine selling their users leads?

Thank you Mark. I am thankful for that perspective. Any thoughts on locking down a deal like this when the move out date is questionable?

We are several conversations into the opportunity to buy a neighbors home. I do plan to run this all through a real estate attorney but would like feedback on options.

Relevant background information: The property is owned out right. The owners are elderly and on a waitlist to move into an assisted living community. We would use the home as our primary residence for at least a few years. The home needs some minor work to be able to finance (which I am more than capable of handling). We live next door renting an outbuilding for cheap from family so no big urgency on our end to move in.

The Question: The best win-win solution I have been able to come up with is some form of us (B) giving them a down payment, them transferring ownership to us so that I can get to work doing some of the (R) repairs while they continue to live there until their room opens up at the assisted living facility (This move out date is the BIG variable), once they move out then we'd do a quick finally clean up / spruce up then (R) refinance into a traditional mortgage and pay them out. Does this seem like a doable situation? Anyone had experience doing something like this before? 

ARV: $300k+

Seller mentioned selling to us for $250k but I am confident we can get it for less with the value and ease we can provide to them.

Thank you

@Chad Tate

My wife and I are navigating these waters as well with what sounds like a similar view. It’s also worth mentioning he went from Bankrupt to a multi million dollar company and is a cash only real estate investor today as well.

We will not make it this year. Thank you for the opportunity though! 

Post bump! I see that PRO members get 20% off for any subscription using this platform. Has anyone had real world experience using DriveBUY REI? Thank you