All Forum Posts by: Dylan Bard
Dylan Bard has started 6 posts and replied 21 times.
Post: Madison WI Property Management Companies
- Rental Property Investor
- Lincoln, NE
- Posts 25
- Votes 7
@Matt Kowske any updates?
Post: Constructions plans for building a duplex?
- Rental Property Investor
- Lincoln, NE
- Posts 25
- Votes 7
Good day all,
We're looking at building a few duplexes to rent out. Looking for pretty simple designs that would perform well in Lincoln, NE. What is your go-to resource for finding a plan to show a builder?
We've talked to the city and they can give us the okay if we have a lot that we want, but the builder wants a plan to estimate costs. We need to find a plan, to show the builder, to show the city. Any help or suggestions are greatly appreciated!
Post: Myrtle Beach Vacation Rental Market
- Rental Property Investor
- Lincoln, NE
- Posts 25
- Votes 7
Hey all, any preferred management companies in North Myrtle? In the process of buying one. Willing to pay whatever for the fees as long as the value is there.
Post: lending one lender
- Rental Property Investor
- Lincoln, NE
- Posts 25
- Votes 7
Searched lending one on BP to throw some reviews. Ill make it very short and sweet, feel free to reach out to me for more details.
EASY, YET EXPENSIVE.
Post: First time using HARD MONEY
- Rental Property Investor
- Lincoln, NE
- Posts 25
- Votes 7
@Kerry Baird
Thanks for the response. Was there anything you learned to make the process smoother? Sounds right up my alley.
Post: First time using HARD MONEY
- Rental Property Investor
- Lincoln, NE
- Posts 25
- Votes 7
@Aaron Pfeffer
Thanks for the response Aaron. I’ll check some smaller ones out!
Post: Submitting two offers on the same property?
- Rental Property Investor
- Lincoln, NE
- Posts 25
- Votes 7
Originally posted by @Joseph Cacciapaglia:
I think that strategy would have the opposite effect from what you're looking for. When a seller has multiple offers, it indicates to them that they have more leverage when negotiating. I would always prefer to be the only offer on the table.
One thing that I will occasionally do is present multiple alternative offers. For example, I'll provide a cash offer, a higher offer with financing and additional contingencies, and maybe even a higher offer with an owner financing component. Of course you want to structure the offers so that you're happy if they accept any one of them. When doing this, I make it clear that all of the offers are from me (or my client), and that they cannot mix and match terms. This allows you to get some insight into what the owner actually wants, and can be useful when dealing through an agent that's not providing any info on the seller's preferences.
Great information, thank you sir.
Post: Submitting two offers on the same property?
- Rental Property Investor
- Lincoln, NE
- Posts 25
- Votes 7
I remember somewhere from BP there was a psychological strategy that by submitting two offers they'll want to pick one, even if it's lower than they would originally accept. Has anyone tried this?
I would probably submit one in my name and one in my LLC's name.
Any comments are appreciated.
Post: First time using HARD MONEY
- Rental Property Investor
- Lincoln, NE
- Posts 25
- Votes 7
I'm finally to the level to utilize hard money! Does anyone want to share tips, tricks, etc? I will Brrrr 1-4 units with this strategy. I have talked to LendingOne and it sounds great. Does anyone have experience with them?
All input is appreciated.
Post: First Syndication Deal Advise
- Rental Property Investor
- Lincoln, NE
- Posts 25
- Votes 7
@Taylor L.
Can you go in depth what you mean by equity investor?
Thank you