All Forum Posts by: Logan Jorns

I'm interested in buying this duplex in my area. Each unit is a 2bed/1bath and projected rent once fixed up is around $1,000-$1,100 / unit. The seller is willing to do seller financing with $10,000 down. And I'd be able to partner with another investor who would front the down payment and repair costs.

Attached is my deal analysis I ran through my calculator and I was wondering if I could get an extra set of eyes (or two) to take a look and let me know your thoughts before moving any further. It would be greatly appreciated!

Please let me know if you have any questions, need clarification, or need more information about the property. Thank you!!

Deal link here - https://app.dealcheck.io/#!/sh...

1 Vote

Hi BP community!

I'm in search for my next deal and was wondering what was the method(s) you used to source your first deal (driving for dollars, direct mail, etc.)?

As a follow up, do you currently still use that method to source deals or did you move to something else?

All the best,

- Logan

0 Votes

Is it possible to purchase a tax delinquent property by offering to pay off the delinquency and purchase the home? For example, if I'm interested in purchasing a property whose owner is behind on property taxes, could I still make them an offer on their house and once purchased, pay off the delinquency?

0 Votes

For those of you that use cold calling or send out mailers to owners, what questions do you ask about the property when you're on the phone with the current owner of a property you're interested in buying?

0 Votes

Have you ever thought about partnering up with an experienced investor? Like in Brandon Turner's deal delta analogy, there's 3 three components to REI: knowledge, hustle, money. With you bringing to the table the money, you could find someone who has the knowledge & hustle to form a partnership and put your cash to use. Would love to connect!

1 Vote

Originally posted by @Davartay Miller:

Facebook private groups! Find the market you are interested in, search real estate groups, and sometimes some are free and some are not!

Best of Luck!

Love this outside of the box thinking. Would have never thought of this. Thanks for the insight!

1 Vote

Originally posted by @Patrick Flanagan:

@Logan Jorns

Building relationships with property managers.

My mom owns a very large property management company and she hears first hand when owners want to sell.

Also building relationships with agents that move and sell properties you are looking for. OR who invest them selves

Love this tip! Thank you :)

1 Vote

Originally posted by @Tucker Cummings:

Time Intensive but Money Non-Intensive: Driving for dollars, door knocking, cold calling, networking (wholesalers, investors, agents, property managers, etc.)

Money Intensive but Time Non-Intensive: Direct Mail, Paid Ads on Google, FB, TV, etc

Thanks for providing your insight!

1 Vote

Originally posted by @Lucas Miles:

Here are a few free options. More tedious and time consuming but effective and a great way to get started.

1. County tax records. Search for absentee owners, or by property type (multifamily or non residential).

2. Search local "for rent" listings on Facebook, Craigslist, etc (the more unprofessional the better, ads with no or poor pictures are a good place to start).

3. "Driving for dollars". Driving around and finding "for rent signs"

4. Call your city and see if the have a "landlord list". Cities often will have a list of all (or some) of the rentals in the city and associated landlords contact information.

5. Networking with everyone you know. Make sure you know what your looking for, be specific when telling people.

Figure out what works for you in your area, continue to grow your network!

Great advice! I really appreciate you taking the time to drop your thoughts!

1 Vote

Originally posted by @Antoine Martel:

Hi Logan,

Here are some ways on how to get of market deals:

1. Wholesalers - Find their website or get into their email list

2. Property Management Companies - They have thousands of owners they work for so they know who and when they are going to sell so they can send you deals.

3. Turnkey Companies - Like Martelturnkey.com

4. Marketing - Do your own cold calling, email and texting.

#2 is very clever! I'll definitely add it to my list! Thank you

2 Votes

All Forum Posts by: Logan Jorns

Logan Jorns has started 34 posts and replied 59 times.

Post: Duplex - 10% down - Seller Financing Available

Post: How'd You Source Your 1st Deal

Post: Buying Tax Delinquent Properties

Post: Necessary Questions to Ask Owners

Post: I have $50k cash ready to invest and $50k in liquid assets.

Post: Favorite Way of Finding Off Market Deals (for free)

Post: Favorite Way of Finding Off Market Deals (for free)

Post: Favorite Way of Finding Off Market Deals (for free)

Post: Favorite Way of Finding Off Market Deals (for free)

Post: Favorite Way of Finding Off Market Deals (for free)