All Forum Posts by: Nandy B.

@Steve Kontos

2K 🥺 with no work needed.

That wasn't a cash deal right?

Did you finance it?

What is the cheapest house you ve ever purchased?

Why did you buy it?

what did you do with it?

Would you do it again?

I hear about so many big money deals but low cost acquisition stories can be inspiring and motivational as well.

@Cassi Justiz

Thanks for your insight.

I was thinking the same thing.

I might have to reach out to owners and start making offers. I did see a few properties in that price range in the MLS but I d rather try to reach the owner for seller financing options.

I ve never consider direct mail. I guest I ll need to find a lost of some sort to find absentee owners?

I’m looking to expand my portfolio in Stillwater Ok and surround cities. I grew up in the area and my parents still lives there. While it’s rural, I ve found that it has decent returns in terms of cash flow compared to the DFW area where I currently own 2 properties that are barely cash flowing (newbie mistake).

I’m looking to acquire properties thru owner financing around the price ranges of 30-60K that need modest repairs (cosmetic). I’m looking for smaller properties around 600-1000sqf, preferably 2bed/1bath which is common for the area.

I can put down 20-30% down payment. I’m looking to buy 2 properties by November 2019.

Is there anyone in the area (Lawyer, Realtor, Wholesaler)  who can help me with this?

✅I would like to understand the market better

✅ I would also like to understand owner financing laws

✅ Any leads will be welcomed

I’m looking to expand my portfolio in Stillwater Ok and surround cities. I grew up in the area and my parents still lives there. While it’s rural, I ve found that it has decent returns in terms of cash flow compared to the DFW area where I currently own 2 properties that are barely cash flowing (newbie mistake).

I’m looking to acquire properties thru owner financing around the price ranges of 30-60K that need modest repairs (cosmetic). I’m looking for smaller properties around 600-1000sqf, preferably 2bed/1bath which is common for the area.

I can put down 20-30% down payment. I’m looking to buy 2 properties by November 2019.

Is there anyone in the area (Lawyer, Realtor, Wholesaler)  who can help me with this?

✅I would like to understand the market better

✅ I would also like to understand owner financing laws

✅ Any leads will be welcomed

@Jon S.

Much needed discussion... Even In 2019

After about 4 years of attending REIA meetings, I m sad to say this dilema is still so real.

As a single woman I m often the unicorn 😂 surrounded by either couples or single males. Nothing wrong with it, I ve always wondered why.

I m embracing my journey and wish I could grow faster but I need to take it one step at a time.

@Tom T.

Thanks

@Dennis M.

Yes they usually do, when it's an owner financing deal. have you ever done one?

@Jason Allen

Will do.

Thank you

These are all great questions 

- I do not know that the seller will consider seller financing? if was hoping I make an offer and start practicing the process of making offers anyways until I find one who says yes. I honestly do not have any other options. IF someone can think of one, i'm open. if not I'll move on to other properties and make other offers. 

- We will be self-managing the properties. If we hire a property manager it will be 10% or less. 

- Yes, all units will rent very very well in the area that it's in. the other option will be in slow season to offer corporate housing or month to month university housing to graduate students at the university less than 4 miles away. 

- As far as Rehab - most of them are currently cosmetics. My family will handle the rehabs ourselves. We did for both of our current single-family units. We will rehab in increments as tenants lease end: will rehab, furnish and rent. I did not know how to include it in the calculations. 

- I see this as me taking action towards my goals of acquiring an owner financed Multi Family or small apartment by the end of the year. Best case he says yes, worse case I have gotten over the fear and apprehension of making owner financing offers.