All Forum Posts by: Mack Lane
Mack Lane has started 3 posts and replied 18 times.
Post: Multifamily agent recommendations
- Investor
- Tallahassee, FL
- Posts 18
- Votes 12
Tyler, I’m an investor and agent in the Tallahassee market. Happy to help anyway I can. I sent you a message with my contact info. All the best!
Post: Real Estate Meet up @ Proof
- Investor
- Tallahassee, FL
- Posts 18
- Votes 12
Quote from @Ryan Agcaoili-Mullins:
Good Afternoon! I hope everyone is well. A few of my colleagues were wanting to meet more investors to connect and help each other reach our goals. If you would you be interested please let me know. We are going to be at Proof the last week of February (specific date to come)!
Looking forward to connecting!!
Post: BP 2021 Conference - who's going?
- Investor
- Tallahassee, FL
- Posts 18
- Votes 12
Originally posted by @Alexandra Hughes Pailet:
Hi Richard!
We are still hoping to have BPCON2021 in New Orleans, however, there are currently restrictions from the city of New Orleans that dramatically impact the capacity allowed at events. We are working with our venue, the Sheraton New Orleans Hotel, and local DMCs to see what our best next steps are.
You can catch up on all the latest updates here: biggerpockets.com/conference
Any updates on the itinerary? Thanks!
Post: Newbie from Tallahassee, FL.
- Investor
- Tallahassee, FL
- Posts 18
- Votes 12
Welcome and congratulations! You did more than most people will ever do. Educate yourself and stick with it and you'll have your first property before you know it. Good luck!
Post: Another successful REO!
- Investor
- Tallahassee, FL
- Posts 18
- Votes 12
This was a couple years ago and there were definitely quite a few REO in this area. Seems to boom and bust month to month around here.
Post: Foreclosure Auction (Sheriff Sale and Trustee Sale) FAQ
- Investor
- Tallahassee, FL
- Posts 18
- Votes 12
Originally posted by @Steve Babiak:
Here's a "unicorn" - the winning bidder at sheriff sale purchased using a conventional mortgage loan:
https://www.biggerpockets.com/forums/41/topics/241...
Strange but true, according to the public record links. So it CAN happen, though unlikely for most cases.
Wish we had 30 days to pay the balance in GA. I'd even settle for 10 days! Funds due on the spot or the bidding opens back up.
Post: My ideal first investment property.
- Investor
- Tallahassee, FL
- Posts 18
- Votes 12
Good luck!
Post: My ideal first investment property.
- Investor
- Tallahassee, FL
- Posts 18
- Votes 12
It was great. I had no trouble registering, bidding and closing. I think I actually placed the final bid and won it all on my smartphone while running around town! I did choose to use my own closing company just for some assurances, since it was my first deal. I have used the closing company assigned to the properties since then and haven't had any issues.
Post: Another successful REO!
- Investor
- Tallahassee, FL
- Posts 18
- Votes 12
Initially, I was hesitant to jump on this property using the 70% rule as a guide. After looking around for other deals and debating on how much profit is enough to make a deal worth it, I went for it. If things had wound up costing more than I expected I might break even after selling, and that was okay to me at that time. A couple of months went by and a really nice deal presented itself and I was spread too thin to take advantage. Ultimately, I gained experience as well as made money, but if I had valued my time more I would have came out better in the end.
Post: My ideal first investment property.
- Investor
- Tallahassee, FL
- Posts 18
- Votes 12
Originally posted by @Michael Ohara:
Great job! To many more successes. 🤙🏽
Thanks!