All Forum Posts by: Gary E. London

Hi Bryan,

I will send you a pm to discuss some multi-unit acquisitions that I'm looking to acquire.

Welcome! You may also want to try and join a local investors group. Here's a good one that I belong to. Chicago Creative Investors Association.

https://www.ccia-info.com/

Can you explain how your program works?

Rick,

Thanks! That's a lot to absorb but it's just the information I was looking for. I'll start doing my homework.

Can anyone tell me how many townhouses could you build on a typical 4 acre lot. I know you can't use all of the land for housing so just trying to get a ballpark figure for number of units. There is an existing single family home on the property.

 I'm not an expert but one route could be to ask the seller to subordinate his first position to the bank and move down to a second. The bank doesn't care who is behind them as long as they are in first position. Because your seller appears to be real flexible this appears to be possible option for you. Also you could do a substitution of collateral and move the seller's note to another property you own that would be acceptable to him. These are just some creative ideas that your attorney could explain in further detail. 

Hi David,

What price range and parameters is your buyer looking for? (i.e. % of ARV, wholesale, pretty house,rehab, etc.) I have some properties in the suburbs and others coming on line but need more information as to what you type of deals you need.

Hi Andrew,

Welcome to BP! I invest in Chicago and I'm looking to get into the Texas market. What size units do you look to acquire?

Hi Tyress,

Reaching out from Chicago. Definitely want to tell you to stay encouraged. Remember the leader is the one at the front of the pack, so it can seem lonely at times. At your age you're making a great move to be associated with this website. Try to learn as mush as you can from the wealth of knowledge that is made available here. I would begin to look for a local real estate investment club and become a member. That's one of the first things I did when I started out. You will meet a lot of people who can give you worthwhile advice and you'll learn a lot since most clubs have frequent guest speakers that cover a wide range of investment topics. I could go on but just want to say welcome and good luck!

Gary