All Forum Posts by: Mack Lengel
Mack Lengel has started 3 posts and replied 126 times.
Post: Greenville SC Investors Monthly Meetup [SEPTEMBER]
- Smokies / Greenville, SC
- Posts 129
- Votes 146
Hey Jonathon
I'll put it on my calendar now... can't wait!
Post: Greenville SC Investors Monthly Meetup
- Smokies / Greenville, SC
- Posts 129
- Votes 146
Hey Johnathan! I currently live in Spartanburg. Can't make this one unfortunately but would love to come to one soon!
Post: Looking to connect with other agents around the country...
- Smokies / Greenville, SC
- Posts 129
- Votes 146
Quote from @Mia Kaiser:
Hi there Bigger Pockets friends! I am a new agent in NY looking to connect with other agents throughout the country. I would love to have contacts to refer out to and to share info with. There are lots of folks moving out of NY and I would love to have an agent to refer these folks to! Feel free to connect with me on Instagram and Facebook @msmiakaiser
Looking forward to grow my contacts around the country!
Much thanks and blessings,
Mia
Love this! I am also a new agent, I work and invest in the Smoky Mountains of TN. Sevierville, Gatlinburg, and Pigeon Forge.
Post: Best Credit Cards for Agents
- Smokies / Greenville, SC
- Posts 129
- Votes 146
Quote from @Logan McKay Zylstra:
Hey BP fam! I am very into the credit card game in addition to RE. Do any realtors, have credit cards they recommend?
Thanks in advance.
Great question, I have been wondering the same thing! I gotta watch this thread to see what people have to say.
Post: Advice For New Agents From An Experienced Broker
- Smokies / Greenville, SC
- Posts 129
- Votes 146
Just what I needed to hear! Thanks so much for taking the time to write this post
Post: Pigeon Forge Pre-Construction Short Term Rental Cabin
- Smokies / Greenville, SC
- Posts 129
- Votes 146
Investment Info:
Other other investment.
Purchase price: $15,000
Cash invested: $500
Pre-Construction Lot/Cabin Package. Comes turn key and ready to hit the short term rental market
What made you interested in investing in this type of deal?
I am a Realtor and I work almost exclusively with investment properties in the Smoky Mountains of Tennessee, and my mentor and several family friends, who are also investors. I saw the value-add first hand of investing in lots and putting cabins on them. Being a Realtor really makes the whole process much easier.
How did you find this deal and how did you negotiate it?
I was given a lead that the owner of the lot was looking to sell so my business partner and I called him up and negotiated the terms of the sale and were able to write up our offer that day.
How did you finance this deal?
I used a loan from a family member to cover the purchase price.
How did you add value to the deal?
I will be meeting with my builder and getting an agreement to construct a cabin and will list that package concept and make a return on the lot as well as my commission off of the build.
What was the outcome?
This deal isn't done but I have virtually no risk so I should fare very well.
Lessons learned? Challenges?
Being on the purchasing side of a real estate deal for the first time is different from going through it on the agent side of things so this experience will help me better be able to walk the investors I will work with through the whole process.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Being a Realtor I was able to do the whole transaction by myself so I guess I could recommend myself haha!
