All Forum Posts by: Ryan Beasley

@Jay Kennedy Thanks Jay!

Hey Everyone,

I currently have a client that is trying to purchase a property that is under contract with a wholesaler. What I’m wondering is how is my commission paid? Does the technical owner still pay it or does the wholesaler pay it at closing?

@Don Konipol Don, what are you gaining from attacking Reid on this? Shouldn’t you be doing something more productive than discrediting someone? Try lifting people up and if you can’t find anything positive to say then just focus on sweeping your own front porch.

@Steve Johnson

This truly depends on your own personal financial situation and the purchase price of the deal. With all other variables held constant it seems like a good risk/return but what if you truly need that money for other deals, personal expenses, property reserves, etc.?

I’ve researched and practiced the technical side of real estate a lot but the non-technical side is what has damn near killed 87% of agents and all the investors that get out of the business. Whatever decision makes your head rest easiest on the pillow and still provides your hurdle rate is what’s best.

Asking price: $350,000

He covers the water expense on all the properties on Telfair St. All of those properties are on 1 lot together and the water bill is $2,456/year, all tenants cover the rest of the utilities. He said that rent is due on the 1st, it's late on the 5th, after the 5th there is a 14% late charge, after the 9th there is a vacate notice made and on the 10th they get a warrant. The guy is in his 80's and I'm sure his motivation for selling is simply that he does not want to deal with it anymore.

Here is the current proforma rent roll, he gave me.

@Michael Batts Whatever @Ian Tudor said! I’ve had everything you can happen to me in regards to cold-calling. Keep their heads ringin’ with the phones and keep mailing them letters. It still works for me and many others.

@Oscar Pinto That’s awesome man!! How do you target the leads? Speaking in terms of Age, income, interests on Facebook

@Michael Marchman Thank you for the referral. 

@Chris Connor If you need any help finding investment property in the area I would be more than willing to help. My contact information is below.

@Ryan Beasley sorry for not finishing the post. And... usually sell off their assets in portfolios and already have relationships with other institutions. My question is, is bird dogging for REITS and other funds and sufficient business model? I’m just trying to get some insight from someone that may have experience with doing this because I do have disbelief for it’s effectiveness in the long run.

Over the past couple of months, I have came in contact with 30+ private/public Institutions that acquire property on a high-level ($500+ million invested per year). My goal is to build relationships with their acquisitions representatives and source off-market deals that fit their criteria. I worried about the practicality of sourcing off-market deals for these companies seeing as how the majority of shopping center owners are institutions and