Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
~$5,000+ potential annual savings on vetted partner products
10+ deal analysis calculators with ready-to-share reports
Lawyer-reviewed leases for every state ($99/package value)
Pro badge for priority visibility in the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Dave Kent
  • Investor
  • Winchester, VA
1
Votes |
10
Posts

Creative ideas for purchasing a portfolio

Dave Kent
  • Investor
  • Winchester, VA
Posted

I was out driving for dollars and saw a sign posted in front of a duplex. I called and toured the property that would have been a nice candidate for a BRRR project. She informed me that she inherited a large portfolio from her uncle. I unfortunately was not quick enough on the draw and missed out on the duplex.

I called the phone number again today and spoke with the lady to see if she wanted to sell anything else (in the initial meeting she said she wanted to sell approximately two each year). She said she does have a duplex and old 7 room hotel that she wants to sell currently. Im still running numbers on the duplex and hotel that she wants to sell. I don't know if the one she wants to sell right now is something I can tackle. 

In the interim between seeing the original duplex and the phone call today she said she sold one more unit that she owned. 

So my questions is: Does anyone have any creative ideas to ensure I have first crack at future properties? 

Additional back story: The owner and her husband do all maintenance/repairs on the properties they own. The husband is tired and in need of some serious help. They also have been getting some additional pressure from the city about the state of the properties.

Thoughts? 

  • Dave Kent
  • Most Popular Reply

    User Stats

    3,250
    Posts
    3,358
    Votes
    Corby Goade
    • Investor
    • Boise, ID
    3,358
    Votes |
    3,250
    Posts
    Corby Goade
    • Investor
    • Boise, ID
    Replied

    This sounds like the PERFECT storm for an owner carry deal. I would bone up on the benfits to them, and there are many, and find a win/win.

    Best of luck!

    • Corby Goade

    Loading replies...