All Forum Posts by: Troy Gandee

Hi Robert,

Welcome to BP! And welcome to the real estate investing world! I am a Realtor and an investor. It sounds like you're putting a lot of thought into your approach and that is very wise. I would recommend that you continue to plan, but be sure to take action on smaller items to not be overwhelmed. It is easy for new investors to get bogged down by learning too much and never taking action. Let me know if you would need my services as a Realtor! And feel free to reach out if you have any questions.

Thanks, 

Troy Franklin Gandee

Hi!

Welcome to the world of real estate and real estate investing! My name is Troy Gandee. I am a Realtor and investor. I've been a Realtor for about 3 years and an investor for 2.5 or so. This is a great market for investing. It can be very competitive, but once you hit your stride, it can be great. Let me know if either of you are looking for a Realtor. I work with a lot of investors and I would be happy to represent either of you! Let me know if you have any questions!

Thanks,

Troy Franklin Gandee

www.troygandeerealestate.com

Hi,

My business is still quite young at a year and a half. I am a Realtor®, but also rehab and occasionally rehab through my S-Corp, Loggerhead Property Team. I absolutely want to begin building a rental portfolio as a long term strategy once I have created more revenue. I was going to start up a second LLC to do rentals through, but I keep reading that if you have really good umbrella insurance, you do not necessarily need to isolate your properties with separate LLCs. I largely just want to avoid the logistical headache of operating a second LLC and I really don't want to face double taxation. I figure that with more volume and revenue entering and leaving my S-Corp, it will look more favorable in terms of financing, too. Does anyone have an suggestions or recommendations? And I know you're offering legal counsel, just conversation. I have a closing in a couple of weeks as an agent and I'm going to ask the attorney that I will be seeing. However, everyone you ask will give you a different answer in terms of asset protection. I am just hoping that some of you experts out there might have some kind words.

Thanks!

-Troy Gandee

Hey everyone!

I have three contracts out on properties owned by the same seller that I have been marketing to wholesale. I've found a buyer for one. One is a little bit too expensive and I will probably list it in the Spring nearer the end of the tenants' lease (I am an agent in SC). Those are both fine. However, the cheaper of these three properties would make a decent rehab if my seller would come down a bit on his price. He has offered to sell it to me at about an 18% discount from the already discounted price. Normally, I would jump all over it, but the tenant recently renewed the lease. There remains about 9 months on the tenant's lease. It will cash flow for me. Even with the higher interest of the private money that I'm using. I would just prefer not to have to wait so long. My questions is; are my only options to either wait for the lease to end and notify the tenant with proper notice that he can not renew or will I just have to give cash for keys a shot and hope for the best?

Thanks a lot!

Troy Gandee 

Hello all,

I have three properties under contract that are for sale. All three are in West Ashley and they are all owned by the same seller. They are all fully rented and cash flow quite nicely. Two of the homes are SFDs that would make good rehabs. The larger of the three parcels houses two SFDs and one duplex. Four total doors on the property! All of these properties could continue to be rented out the way they are or they could be upgraded to maximize rents or to be sold at retail.

Only serious inquiries, please. Inspections can be scheduled, but the seller is asking for discretion in order not to disrupt the tenants.

Following are the links for 820 White Oak Dr and 1832 Jaywood Cir:

 http://goo.gl/1EJd0C

http://goo.gl/bFF71r

And the following links are all included in one transaction for $115,000.00:

http://goo.gl/KETHMr

http://goo.gl/TGGqke

http://goo.gl/WvJ7sV

Please contact me if you have any questions!

Thank you,

Troy Gandee

843-608-1268

loggerheadpropertyteam@gmail.com

www.loggerheadpropertyteam.com

Not a * weasel out clause *

An "I don't want to purchase this property, if I can not find a buyer clause." 

I do notify sellers that I will be acting as a sort of broker and finding them a buyer. I also think it is good to disclose that you are a realtor, if that applies. I am just asking if that would gum up the process if you assign the contract to a new buyer who is not an agent.

Thank you for the quick response! 

Hey everyone! I have a general question about wholesaling. I'm predominantly a rehabber. I'm near getting really involved with wholesaling. I am also an agent in SC. My first question: if I am wholesaling through my company, but I am the owner/CEO, do I still need to check the "buyer is a licensed real estate broker" box on my contracts? And secondly: what contingency do you all use for the most protection and flexibility? Thanks a lot!