All Forum Posts by: Kyle Clabby

@John Thedford @Cameron Strong Don’t listen to people like this. The world is changed through positive thinking, innovation, having the right attitude. People like this will always try to drag you down so you need to ignore it.

Move ahead with a positive attitude, be honest, and work hard and it will all work out in the end

@Cameron Strong here’s what I do. I tell the seller, “Look, I’ll need to partner with some people on this deal so I am going to be bringing by investors who may be interested. I’ll only move forward with the deal if I can find someone to partner with me on it or if I find someone who will pay me a little more.”

Just be honest with everyone and let them know what you’re doing and they will understand. A lot of times wholesalers think they need to hide info to make the deal work, when in reality it just makes everyone uneasy.

Make sense?

@Cameron Tope I have just begun looking, thanks for the tips 🙏

I have recently started venturing into rentals and I am starting to find good off market apartment deals. What I am looking for at this point is to find passive investors to put money down on the deal that want to earn 10% on their money. I am having a little trouble not knowing where to begin looking for people who want to invest in real estate in this way. Any advice on where to find investors like this would be very much appreciated!

@Antonio Cucciniello it takes a lot of legwork to find a good deal. When I am analyzing apartments it usually goes; for every 100 you see, 30 will be eligible, 10 will be worth writing offers on, and out of those 1 will actually be a good deal. So my advice is to keep trying and grind it out until you find a killer deal! 💥

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $76,000

This was a distressed property I drove by, reached out to the seller, and put a creative financing deal together that worked for everyone!

What made you interested in investing in this type of deal?

Being able to creatively finance the deal for me, the buyer, and the seller!

How did you find this deal and how did you negotiate it?

Driving for dollars! I consulted with the buyer and seller and put a deal together that worked for everyone!

Lessons learned? Challenges?

Hustle, hustle, hustle!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $100,000

This was a distressed property I drove by, reached out to the owner, and negotiated a lease with option purchase. A couple weeks later I found an end buyer and put creative financing together to make the deal happen. It took a little effort finding the end buyer but it was all worth it when it was all said and done!

What made you interested in investing in this type of deal?

Being able to put creative financing together to get me, the buyer, and the seller all what we wanted!

How did you find this deal and how did you negotiate it?

Driving for dollars! I negotiated by consulting with the seller and buyer about what they wanted and how we could creatively make that happen!

Lessons learned? Challenges?

You never know if that next call or the next door you knock on will turn into an opportunity so never get discouraged, put your head down, and get to work.

Investment Info:

Single-family residence buy & hold investment in Sabattus.

Purchase price: $100,000

This is a lease option I put together on April 5, 2018. This was a deal I had driven by with a FSBO sign out front. I called and chatted with the seller a little and they told me all the wanted to really do was be done with it and did not care how it got done. At the time the property needed a little work, not a whole lot but enough that a bank would not offer traditional financing on it. Luckily I found an end buyer and got a good enough down payment to bring the mortgage current, cover all expenses to make the deal happen, and get some good cash-flow going on my first lease option!

What made you interested in investing in this type of deal?

I was interested in doing a deal that was a little more creative than using a broker and traditional financing. I was able to get the buyer and seller what they wanted and make a decent cash-flow for my first one!

How did you find this deal and how did you negotiate it?

Driving for dollars! I negotiated simply by finding out what the seller's and buyer's goals were and creatively finding a way to make that happen.

How did you finance this deal?

This is a lease option with a mortgage on it, so basically I borrowed the financing already on the property to make it happen!

Lessons learned? Challenges?

Don;t overthink things, just get it done!