All Forum Posts by: Account Closed

 Specifically in Greeneville, SC Chris. I'm actually not sure what to do with it at this point honestly. I'm not even sure exactly how many acres it is - maybe 50? 75? It's been passed down within my family and I may be the first to actually think about what to do with the land, let alone propose a plan for development or so forth. I'd be happy to bounce ideas around though! Feel free to inbox me.

Thank you @John Casmon. I need to remember not to fall in love with a specific property and instead focus on the general types of deal I'm looking for - good advice!

Thanks for confirming all the information in this thread @Jonathan Gobbo, being that you are a RE Broker. @Joel Owens I appreciate your valuable input as a CRE Broker as well! I appreciate the time you all have taken to educate me. I'll keep in mind to be direct and lead with the fact that I can close.

Jonathan, I'll definitely message you any properties I come across that I might like a second opinion on. Thanks for the offer!

Thanks @Mark Gallagher, that makes perfect sense! I am not personally targeting the low or no money down deals. It's just something I came across while reading things here on BP and wanted to understand it better.

@Joseph Gozlan, yes, that makes sense. I don't really see a reason unless the property is a money pit or in an area that only pencils on paper but is far too time intensive or prone to economic vacancy to actually produce. I've seen a few of these in Memphis actually, which is why I think the owners are offering "low/no money down". However, I definitely am not interested in those types of properties.

Oh okay, that makes sense @Chris Martin! I'll keep that term and concept in mind. I've definitely seen a few places like that while looking.

Ahh, that makes perfect sense @Joel Owens - thank you for laying that out clearly! Yes, I can see that and definitely agree. Putting myself in the owner's (or broker's) shoes, why would I want the hassle of someone with little money and an uncertain financial situation if I could choose to work with Investor B? Short answer: I wouldn't, unless desperate to unload a property that serious investors don't want to deal with.

 Thank you Gino! I will be checking out your article right away.

Thanks for the considerations you brought up Joel! I can definitely understand having the means to buy. However, what if upon further evaluation I no longer want to buy? Would I still be considered a flake, even if I have the means? Also, I do have to ask, with all of the talk of little to no money down that happens on this site, why would you say that it isn't relevant today?

Thank you so much for your detailed response! I'm definitely taking notes of all of the things you mentioned. In all of my reading/research, I had not come across asking about insurance claim history at all. Can you give me a little more detail on what is considered functional obsolescence?