All Forum Posts by: Siraj Ahmed

HI  BP friends! 

I read in a recent article posted by @andrew Syrios titled 13 Proactive Ways to Increase Rent & Add Value to Your Rental Property. One of the strategies mentioned is to offer 2-3 choices to tenants so they compare the choices rather than comparing your rental to others in the area. (Andrew Syrios article)

I want to apply this strategy to making an offer to a seller I am meeting tomorrow afternoon. I am meeting a seller of a MF building tomorrow that is NOT listed on MLS…yet. The seller is sort of stuck on his asking price and would like to see if he can save realtor commissions by not going on market. He is not open to seller financing. I wanted to offer him 2-3 choices rather than just offering him a purchase price. Any ideas on some creative financing or creative choices i can offer to get the building before it goes on the market?

A little background. its a 4 unit building, rents are at market already. Building does not have parking spaces in the back (as majority of the buildings in the area do) so i would need to add that once i get it, units are a bit outdated, roof needs to be replaced in the next 1-3 years, tuck pointing may be needed in the next 3 years. I will be getting an FHA loan on the property but would love to seller finance it but i do not think he is open to that.

I was thinking maybe offering one choice at the price i want with my FHA financing and then another offer that is higher with seller financing? Any creativity that you guys can come up with would be great!!

@Andrew Syriosundefined

@Darren Finney have you found any areas closeby to there that are comparable in terms of price but are on an incline or stable? i have heard of Muncie, Kokomato, pendleton.

Hi @Darren Finney. I am starting to look in this area as well. Have you had any luck there? would you mind sharing some  of your insight if so? 

@Sam Josh specifically Karachi and Lahore, Pakistan 

Lately, I have been hearing about lucrative real estate opportunities In South Asia, specifically developing and selling condos/houses or buying and holding land for appreciation. I am interested in either opportunity but I want to know what I am getting into. Does anyone have experience in these types of opportunities in South Asian part of the world? Would love to hear successful stories or even things to watch out for. Thank you fellow Biggerpockets members!

Hi everyone! hope everyone reading this is working towards their real estate goals!

Do any of you have any recommendations for any insurance agents that are licensed in TX who deal with business general liability insurance as well as Workers Comp? I reside in Illinois but have a business in State of Texas so my Illinois Insurance agent cannot help me.

Hi everyone! hope everyone reading this is working towards their real estate goals!

Do any of you have any recommendations for any insurance agents that are licensed in TX who deal with business general liability insurance as well as Workers Comp? I reside in Illinois but have a business in State of Texas so my Illinois Insurance agent cannot help me. 

thanks! 

@Jameson Drew congrats! Terrific numbers

@Account Closed thanks, those are both great ideas. 

Would you buy a package of condos together without physically viewing  ALL of the units? the seller/PM does not want to show all of them and instead said they would show me 3-4 out of the 10. 

A little background on this...he has sent me all the rent rolls, leases and addresses. All the apartments are rented out. 

Should I be comfortable purchasing ALL the units if I am not able to see them? What would your counter be to someone who says I can only show 3-4?