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All Forum Posts by: Nicholas Hodgkin

Nicholas Hodgkin has started 3 posts and replied 3 times.

Post: Property Owners! How do you structure borrowing?

Nicholas HodgkinPosted
  • Specialist
  • Kansas City, MO
  • Posts 4
  • Votes 1

We are wanting to partner with an investor on a hotel. Price is about 600k. Thinking about offer 8% for 10 years with the option to buyout in 5 years. What structures have you used?

Post: Brrr Commercial 130+ unit Apartment Complex

Nicholas HodgkinPosted
  • Specialist
  • Kansas City, MO
  • Posts 4
  • Votes 1

Hey All!

Listening to BP podcast #212, and I know of a few properties in FL I would love to get under contract, approach a global property management and investment firm to manage the transaction, the property management and the eventual upgrades around the place.

Is this possible with no money out of pocket and paying everyone on the backend?

What do the numbers need to look like to make this a plausible situation?

And finally, I don’t live in FL or have any intention of going down there, is this an outrageous stipulation?

I’d love to open a discussion about these points!

Post: Approaching Probate Attorneys

Nicholas HodgkinPosted
  • Specialist
  • Kansas City, MO
  • Posts 4
  • Votes 1

Good Morning all! 

I am in an area that is becoming more competitive for finding off-market wholesale deals. As I am just starting out, I do not want to send out 100s of Direct Mailers and play the waiting game. I would prefer to build relationships with professionals in adjacent-to-RE industries to help with lead generation. I am aware that most probate attorneys will have a realtor they work with, however, I can imagine some clients would prefer not to MLS their properties and close more quickly. This is an email I wrote up to send to probate attorneys in my area. What are your thoughts!?

Thank you!

"Good {Morning, Afternoon, Evening} {Attorney Name},

I am reaching out to you today to open a conversation about probate cases and the property that may come with them. You certainly have more important tasks at hand than reading my email, so I will be brief.

Our goal as real estate investors is to connect people who do not want the hassles of MLS listings and need to offload properties, with people wanting to own those properties. While adding value for all parties involved. We are local to Blue Springs and would love to partner with attorneys who need an effective avenue to offload properties for their clients.

When you have a client looking for a fast turn around please keep us in mind!

Thank you for your time,

Nic Hodgkin