All Forum Posts by: Nicholas Armstrong

@Wade Sikkink

Thanks for the advice! Asking about his screening process is a great idea! I'll definitely have to write these questions down.

@Jeff Kehl

Thanks so much! Great advice! The reason I want to seller finance the deal is because I would really rather not tie up all of my funds into one deal. He is a longtime investor and owns many complexes in my area. This specific complex he has owned for more than 10 years because he told me he did a full gut rehab 10 years ago. So if get a commercial loan for 80% of the purchase price I can ask the seller to cover the other 20%? How exactly does that work? I would much rather deal with a commercial lender because I would think that the rates would be lower.

@Shital Thakkar

Thanks for the feedback!

So you think I should somehow structure the deal to where I would have 2 separate loans for the complexes? I actually really like that. Then it wouldn't necessarily be a commercial deal correct?

Also, I didn't even think of the Security deposits from current tenants, Thanks!

Hello everyone!

I have a potential deal in the pipeline. A local investor is selling his 8 unit complex that he has had for over a decade. I have mentioned seller financing to him and he is interested in talking about it more. We will be meeting for lunch next week and I just want to make sure I have all the information needed before sitting down with him.

• This is actually two 4 unit complexes on the same lot so would this be considered a commercial deal? 
• What's my best bet in convincing the seller he should finance the deal?
• What are some questions that I should ask the seller during our meeting?
• What are some creative ways to structure this deal without completely liquidating my capital?
• Any pointers for my first multi-unit deal?

Any help would be greatly appreciated. Thanks!

@Rory McGonigle

@Justin K.

@Tariq B.

@Account Closed

I love hearing all of the success stories and motivation!

The youtube channel is up! As well as the twitter and Facebook account.  I'll be reaching out to all of you individually to bounce ideas off of you and try to get you on the show! Thanks for the support!

Facebook: SUB30Success

Twitter: @SUB30Success

Youtube: -SUB 30 Success-

@Jered Sturm

@Johnquel Jones

@Michael Enriquez

@Steve Bracero

@Account Closed

@Justin K. Let's connect man! I'd love to dig deeper into those deals on a show one day. Your story is extremely motivational!

@Tariq B. I'd love to hear more about your story. Let's connect! Being a landlord in your 20's is for sure a difficult thing to accomplish.

@Susan Maneck Thats great! Does your son have a BP account? How could I get in touch with him to talk about his story?

@Nancy E. Awesome! You beat me lol. I bought my first property at 22. Thanks for the words of encouragement. Get your daughter on BP and tell her to subscribe to my youtube channel to learn about financial freedom! ;)

@Account Closed Let's connect man! I'd love to schedule a time to talk about it.

 To young for Star Wars?! Never, haha. And yes, that is a great quote.

 The world tells me what I cannot do all day long, I just never listen. :) 

I believe that obstacles and hardships happen to everyone regardless of age, It's how we respond to those issues that make us successful or unsuccessful.

I appreciate that,

That's awesome! Keep up the hustle man

I absolutely agree! Going to your local REIA or similar meet-up is crucial..

Increasing your exposure increases your opportunities!