All Forum Posts by: Francois Bessing

Welcome! This platform is an excellent starting point for your journey. You will have the opportunity to network and establish valuable connections. I highly recommend that you define your financial goals and have a clear vision of what you aim to achieve.

Thank you! I have a financial freedom number but I could certainly benefit from defining my financial goals leading to that number.

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Quote from @Eric Gerakos:

Welcome, !.

Thank you!

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Hi! I'm Francois and though I've had an account with BiggerPockets for years I haven't used it and I wasn't ready to invest. After many years of healing, work, and rebuilding I feel like I'm getting to the point where I'm almost ready to invest.

I haven't decided whether I'm interested in Buy & Hold or BRRRR. I don't know enough to know the Pros and Cons for each.

I hoping to learn and to take action within two years towards getting my first investment property. I look forward to learning from you all.

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Quote from @Cam Smith:

I would love to talk about this more!

Happy to chat. Feel free to call me directly at 585-284-8209. Just closed on one of the properties. Portfolio is officially a 12 Property Portfolio.

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Upstate New York, New York

Quote from @Hunter Monks:

Quote from @Francois Bessing:

Quote from @Jaysen Medhurst:

No way to find expired listings, @Timothy Douglas. In the commercial world there isn't any kind of centralized data base, like the MLS. An "on market" property may never show up anywhere.

If you want to find off-market properties, you'll have to do some leg work. You can explore public records for properties that meet your criteria or pay a list service. Direct mail can be effective, I think one of the best tactics is to use FedEx or UPS. That pretty much guarantees a 100% open rate. Then make sure you follow up with phone calls.

This is not true. I am a licensed real estate agent and I have access to thousands of expired listings through the GRAR MLS. Are you a licensed agent Timothy?

How do you recommend navigating the expired listing. Do you just contact them and ask if they would be interested in selling?

That's what I've seen people do with my listings which have expired. They've reached out by phone and email to see if they want to re-list their property.

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Quote from @Reed Rickenbach:

Quote from @Francois Bessing:

Quote from @Reed Rickenbach:

So people from LA , Long Island & NBA players passed on this deal. Got it.

Actually we have offers. My client wants a better offer. Next!

This is not what these forums are for....

They're also not for envy-ridden antagonistic responses yet there you are...

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Upstate New York, New York

Quote from @Reed Rickenbach:

So people from LA , Long Island & NBA players passed on this deal. Got it.

Actually we have offers. My client wants a better offer. Next!

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Upstate New York, New York

We've had people fly in from LA, drive in from Long Island, and even had an NBA player come in to check this portfolio out. It pays out anywhere from $9,000-$14,000/mo in passive income, has a property management company in place, and is open to LOIs with POFs. For OM PM me.

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Upstate New York, New York

Quote from @Steve Vaughan:

Better for the seller individually for highest dollar. If they are spread out over more calendar years, better for taxes too.

Investors will always pay less and not get emotionally involved.

Again, taxes should be a material consideration.

I sold a bunch last year and would've been devastated if I didn't carry the paper on 85% of them. @Francois Bessing

Excellent. Thank you.

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I've been doing some research on this and have come up with two perspectives. Before that, here are the spec of the portfolio which I'm selling for my client:

13 Off Market Homes For Sale in Portfolio (Owner Retiring)

1) Hold out to sell all. In other words find the person who will buy them all and don't sell them until one investor is found.

2) Sell them how you got them. Meaning sell one by one until the entire portfolio sells which would take longer.

What would you advise?

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All Forum Posts by: Francois Bessing

Francois Bessing has started 3 posts and replied 12 times.

Post: Hi, My name is-!

Post: Hi, My name is-!

Post: Hi, My name is-!

Post: 13 Property Portfolio - Rochester, NY 11.77% Cap NOI: $120k/Yr

Post: Off-Market Commercial properties

Post: 13 Property Portfolio - Rochester, NY 11.77% Cap NOI: $120k/Yr

Post: 13 Property Portfolio - Rochester, NY 11.77% Cap NOI: $120k/Yr

Post: 13 Property Portfolio - Rochester, NY 11.77% Cap NOI: $120k/Yr

Post: 13 Off Market Properties - How Best to Sell

Post: 13 Off Market Properties - How Best to Sell