All Forum Posts by: Bryan Eccleston

Natalie Kolodij would be a solid person to reach out to. 

I think when people typically think of a turnover they usually just think of small easy stuff. Touch up paint, good deep clean, that sorta thing. And I could be wrong but when it comes to subcontractors I'm usually thinking skilled trades like electricians and plumbers. Just wanted to clarify what you're after. 

I think most of the turnover stuff a handyman service and a cleaning service could handle for you opposed to your more expensive subcontractors unless of course you have a need for those guys. 

Thanks for your feedback Issac. Are you aware of any kind of tax incentives for someone that donates realestate to a non profit or a school district? 

Aaron, I should have been a bit more clear on there intentions. They aren't looking to rent or to rent out the property. They want to purchase the property and use it for daily field trips for the special ed classes for independent living skills. How to cook a meal, clean the dishes, make the bed, how to keep the house clean, some basic maintenance around the house like mowing the lawn, and mock scenarios such as how to invite friends/family over and what would be expected ways to socialize. They believe the kids would get alot more out of doing these activities in an actual house opposed to a classroom environment trying to replicate a house.

My girlfriend is a special ed teacher in the Franklin-Pierce school district (South of Tacoma, Pierce county, WA state). The special ed department shes under has come up with the idea of getting a small 2 bed, 1 bath house to help out the students by leveling up there home ec/independent living abilities which sounds like something that could really help out these kids. Now me, hearing this idea, and being a budding beginner investor thought hey! I know some investors. There’s gotta be a way to save the district a bunch of money, help the kids, while simultaneously helping out an investor with a property to offload.

Now, its obvious how this could help out the school district and kids but how could this help out an investor? I’m guessing there has gotta be some tax benefits to donating a house to a school district like this right? Or maybe you awesome investors know another way this could benefit an investor that I’m not aware of?

Alternatively, maybe finding a wholesaler with a deal within the school district boundaries would still save the school a significant amount of money but again... I'm unsure how this could benefit the property seller in such a situation.

Count me in!

Originally posted by @Jamal Okon:

@Bryan Eccleston I concur with everything @David Dey wrote.  I'd only add one thing (unless I missed it).

Owner or Seller Financing: This is the best financing on the planet... and you greatly increase your chances of getting it if the property has not been sold in 10, 20, 30, 40 or more years.  

@Jamal Okon Got it! That was going to be my guess but I see what @David Dey is talking about as well. Thanks for expanding on that.

Originally posted by @David Dey:

Originally posted by @Bryan Eccleston:

Originally posted by @Jamal Okon:

Then there is always direct mail.  I find it works well.  We are closing a 240-unit in Atlanta, and are negotiating several smaller deals in PA, DC, and TN.  Most of our leads came from direct mail.  It is expensive, but if you focus only on those properties with 10+ years of equity, this can be extremely lucrative.

 Still new and learning but could you expand on why the "10+ years of equity"?

 The reason for 10+ years of equity is because the secret ingredient to high equity deals is TIME of ownership, which builds up property value while giving time for mtg pay down.

 So the higher equity after 10+ years meaning they would be more likely to sell the property correct?

Originally posted by @Jamal Okon:

Then there is always direct mail.  I find it works well.  We are closing a 240-unit in Atlanta, and are negotiating several smaller deals in PA, DC, and TN.  Most of our leads came from direct mail.  It is expensive, but if you focus only on those properties with 10+ years of equity, this can be extremely lucrative.

 Still new and learning but could you expand on why the "10+ years of equity"?

Originally posted by @Dmitriy Fomichenko:

Welcome @Bryan Eccleston it’s a pleasure to have you here! You will find this a tremendous resource for all of your real estate needs. You may want to set up some “keyword alerts” to notify the topics that interest you the most.

All the best to you!

 Thanks! I'll look into that .