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Updated almost 4 years ago on . Most recent reply

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11
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1
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Bryce Callihan
  • New to Real Estate
  • Pensacola, Fl
1
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11
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Local investor selling off properties

Bryce Callihan
  • New to Real Estate
  • Pensacola, Fl
Posted

Hello, I just met a local investor (landlord) who is retiring and selling all of her properties. She has over 50 properties and her plan is to sell 2 a year, for tax purposes, at top dollar until they are gone .  She does have multiple properties that are vacant and not generating income because she said they need renovating but I'm not sure she wants to sell them at a discounted price. I want to figure out a way to buy  few of these properties but I'm having a hard time coming up with a plan or pitch to present to her in order to purchase them at a discounted price. Sorry for the long post and i hope this makes since to everyone. Any feedback or ideas will be greatly appreciated.

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Chris Seveney
  • Investor
  • Virginia
18,320
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

Have you discussed possible owner financing with her? That way she could sell them and not get hit with the entire capital gains. I would also be patient, vacant properties needing renovating are not going to continue to appreciate in value and eventually she will either need to sell or renovate. 

  • Chris Seveney
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7e investments
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