All Forum Posts by: Nick Terry

I know there are probably several links out there on BP but I haven't played around with the site enough to be very dangerous.  I am thinking that I would like to try to pursue landlords that are looking to retire.  I keep reading about how powerful owner financed deals can be in creating a win/win scenario.  I feel like I need some more knowledge around what makes them such a great option and also under what circumstances they become so great.  Ie, the seller doesn't have to pay so much in taxes by not taking such a huge sum in one year, they can earn a great rate by being the bank, etc.  Can some of you more experienced investors out there help me learn how to negotiate with potential owner financers?

@don spafford

I would be happy to meet up sometime to chat.  I am no guru but love talking real estate.  PM me if you would like to get together.  

Korbin, looks like you have gotten quite a bit of people looking.  Feel free to add me to the list.  Do you have a niche on the multi family arena?  

Thanks guys.  Does anyone have any feedback on using angie's list to find contractors?  I agree with Mike that being licensed indicates a level of professionalism.  

I have done 2 flips in Eastern Idaho and have been less than happy with the contractor experience so far.  I felt like both of them have done decent work, but the first I felt was not very good at communicating time lines and expectations, and the second ......well the same but also very bad at estimating repair costs.  I need some advice on how to work with contractors and setting expectations.  Does anyone feel like they have a good process of both finding good contractors and managing expectations throughout the repair process that they could share with me?