All Forum Posts by: Jason Henderson

So I'm fairly new in general REI, and commercial stuff seems a bit daunting. I'm familiar with how wholesaling a residential type property works if it's extremely run down and what not, but what about with commercial?

Reason I ask is while driving for Dollars for residential property, I came across an apartment complex that is in extremely bad shape.  I was able to speak with the property management company and literally two out of maybe 60-80 units are rented in it.   The vast majority of the complex is condemned.  I mean it's bad.   Electric meters pulled, a lot boarded up, signs of squatters in vacant units.  It's extremely rough, but the property management company told me  it somehow has a tenant or two there in units that are still livable.  The actual owner is an out of state company in California.  I have the contact information for both the property management company and the company that owns it.   Before I start making calls with no game plan I figured I'd ask the BP community about it.  I simply don't know where to start with something like this.  It's in a fairly good location (college nearby), but it needs hundreds of thousands in work. 

Of the couple properties I've seen in this LLC's portfolio, they were nowhere near conditions suitable for tenants. Thanks for the advice. Sometimes I feel like a private investigator doing REI lol!

So I was driving for dollars today, and came across a couple that are owned by an LLC. When I looked at the Secretary of State to pull the registered agent's name and address it pulled up an address that is some old garage that's not in any way a business. The registered agent's name is middle eastern, and I had a friend do a skip trace on him and it appears as if he left the country. We haven't been able to find any viable contact information to even send him a letter. His LLC owns a TON of properties that are vacant and distressed. A lot of them also show to have unpaid taxes as well. I think we could probably acquire a bunch of these properties extremely cheaply if we could only get in touch with seller. Has anyone else ran into weird stuff like this?

Tyler Heard of you want, reach out to me on Facebook and I can connect you with an agent. Brett Boone is one I highly recommend. I know I asked him the other day about duplexes and he said that he has some. Feel free to add me as a friend and we can chat.

Hey there and welcome! I've asked this question myself to some people here locally as I am interested in the same thing. I was told any title company can do the work. I'm actually looking to connect with other investors in the area so if you'd like, send me a message and we can exchange phone numbers. Thanks! Jason

Thanks everyone!  Anyone in Oklahoma City, feel free to connect with me as well.

Hi there everyone! I've listened to the BP Podcast a bunch in the past few weeks as I am trying to learn more about REI. Finally decided to break the ice and actually make an account lol. I've lived in Oklahoma for 13-14 years, but grew up all over the country. Recently, I got engaged, and that's probably what has really motivated me to get more serious with REI (weddings are EXPENSIVE!) LOL!

I am very interested in getting started with wholesaling, but it seems that it is a really cliche way that everyone says they're going to come in lol. However, I have an open mind, and would love to connect with a others who might be able to help me get into REI via other avenues that are also low cost of entry.