All Forum Posts by: Lamar Washington

Good morning Bp family. As I was following up with one of my leads he told me: "I am not quite ready to sell my residential property yet, but I have another opportunity that you would be interested in." He then went on to tell me about a warehouse that his neighbor owns and wants to sell ASAP. He also informed me not to contact the owner of the warehouse directly because the only way he would sell at a discount is through him (Basically he is trying to act as a middle man and wholesale the warehouse to me). He then gave me the discounted price and told me to reach back out if this price works for me. As I am not experienced in warehouse investing, I am actively researching this investment strategy but I still have not found answers to all of my questions. So, these are the current questions I still have:

How do I run numbers on a vacant warehouse?

How do I find tenants to occupy the warehouse when I acquire the property?

Do you or anyone you know currently invest in warehouses? 

Any input would be appreciated, thanks in advance

@John Battle thanks for the advice, I really appreciate it.

I have a motivate seller that wants to sell her property to me and she does not care if she walks away with any money in her pocket. The only problem is that she acquired the property from her mother who is now deceased. Her mother used the property as collateral to pay for all medical bills and retirement home (Assisted living facility) fees while she was still living. Now there is a medical lien attached to the property that is about the same amount of the ARV of the property. My question is this:

Is there any way that I can purchase the property subject to the medical lien? or seller financing?

Can I negotiate the lien amount down with the lien holder?

Any advice will help and be greatly appreciated. Thanks

@Ikenna Okoye Yes, when I first started I always used my name and still do from time to time. Now as I’m starting to scale I use an assistants name. 

I’ve noticed that you get better/more responses when using female names 

I have been hearing a lot about the DISC personality assessment on several podcasts and YouTube videos and I'm still not sure exactly what it does. When I search it in google many fake assessments come up. 

For those who have already taken it, how did you like it, and what are the benefits of the assessment in your opinion?

Also,
Where can I go to take the real DISC personality profile assessment?

@Daniel Shari this is the message that I use for my text blast campaigns

Hi {Seller Name}, apologies for the surprise message. I'm  contacting you today regarding a property located at {Address}. I don't know if you have any interest in selling the property, but if you do give me a call, or text back. Thanks.

@John Patton what areas of Jefferson county do you recommend investing/ wholesaling in?

@Denise Evans, The original owner of the property is deceased so the current owner(seller) is not in a rush to get the quiet title because he has tenants in the property and is cashflow positive. 

@Brent Coombs Thank you for the insight! I aprreciate it.

@Alora Glaze Thank you for that Information!