All Forum Posts by: Traci Howell

I am in Birmingham and other markets in Alabama. I would love to talk with you about that. It really depends on your strategy. Are you flipping, holding? What class of properties are you comfortable with?

why not use a leasing broker to fill and show the property? Who cares if they make  alittle for placing the tenant? So long as you buy right, you'll make money and help them to make money and maybe get info on new listings that are properly placed before they go on the market. Had that happen this week.

I am attempting this as we speak. Unlike residential, you will probably need to deal with a broker, as most good properties will be listed that way. You will need to learn to compute building value as well as value using NOI. I am putting an offer with extended due diligence and no EMD via a LOI. The property MUST be in a highly desired retail artery. Once the tenant gives you their LOi, you then make a quick sale at a discounted price, or high CAP rate, to a cash investor. Ive gotten as far as getting interest by tenants.

Anyone closed a deal like this without Cherif Medawar? Im working on 2 now, but I have just submitted the LOI paperwork. I don't even know if they will work with me yet. They would be without EMD. We will see.

Yeah, that "Do not be greedy" thing I think a lot of people struggle with. I want future deals with anyone able to do them, so Ill share. The further talks look something like this- he'll pay one month of 2500 and over the next month (maybe 2) we will split all deals that come from that advertising (everything but jv deals) Ill split 80/20. Based on 2500 reaching 4500 people (I did the numbers at listsource and postcard place and signage provider) if that gets a response of .01 % and of those 45 if 10% do the deal and I get it sold at an average of $5000/deal that would be a return of $4000 or %60 return in a 30-60 day span. I think that is about right.

Well, it wasn't like that, that may have seemed so because I narrowed down what was said to get information or ideas on how to do such a partnership. This person is a well known and trusted figure in the community. I just didn't want to meet with him with no thoughts, ideas, or possibilities on my end. Thanks for looking out for me, though.

I recently had a local individual that I have encountered several times in real estate deals to tell me he likes the idea of wholesaling. He has offered to pay a 2500/mo marketing budget for my business, but I have no idea how to set up a return on his investment. Should I pay him a % of profits? What if I put in my own marketing dollars- would that mess that up? What are your thoughts on how to structure a return for this person as a silent partner? thanks