Archive for 'Multi-Units/Apartment Buildings'

Received counter offer on 34 unit!

Posted on 06. May, 2010 by Carey.

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I did the numbers on a few properties Kathy and I seen the other day with a broker. I told the broker what I was thinking 1.2 Mil on the 36 unit property, which they are asking 1.8 Mil and he said, “did you mean 1.2 Mil for the other property cause that’s do-able?” I [...]

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70% occupied property plus many more

Posted on 28. Apr, 2010 by Carey.

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Been looking at several properties this week. We’re definitely trying to make things happen. Kathy and I even had a talk about the types of deals and investors for those deals that we want to target. So far this week we looked at 2-30 unit properties, 1-36 unit property and I looked at a a [...]

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A lot happening – networking is king – a job, maybe?

Posted on 21. Apr, 2010 by Carey.

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I have a lot happening lately, which is good, of course, but unfortunately I haven’t closed on an apartment building deal yet. Patience I know…and I have found out they may take a wee bit longer then your typical single family deal. I’m being a tad bit impatient though because I really don’t want to [...]

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Private Money Pitch – Short

Posted on 15. Apr, 2010 by Carey.

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Ok so you remember the longer private money pitch that you saw on video, right? Well this is my shorter private money pitch. And I know the video says I’ll be using it tomorrow at the convention, but I actually recorded that video a few days ago….so I used the pitch all day yesterday at [...]

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Meeting with private money, Meeting with a seller

Posted on 15. Apr, 2010 by Carey.

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So I believe I told you that I was meeting with PokerBob (the sub-deacon) and his wife as potential private money lenders. Well I did my very first private money presentation for them and I think it went fairly well. I felt pretty comfortable with it. Bob and his wife Coleen are pretty intelligent people [...]

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Networking, Toastmasters, Private Money & Offers

Posted on 30. Mar, 2010 by Carey.

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Attending Dave Lindahl’s Private Money/Syndication Bootcamp has really made me realize how super important networking is. It was actually one of the speakers there that really made it sink in. His name is Joel Brough. I first was introduced to Joel at round table discussions that Dave had. Joel was speaking about Property Management. He [...]

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Finding Private Money Lenders

Posted on 27. Mar, 2010 by Carey.

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Private Money Lenders and finding them is generally a big deal for most, if not all investors. We all want to know “how do we get the private money lenders?” Right? Because if we have the private money lenders then we have access to cash and we can make more cash offers and get more [...]

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Made an Offer on Apartment Building!

Posted on 17. Mar, 2010 by Carey.

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Holy crap, I just made an offer on an apartment building! Now before you get all excited for me lol I didn’t put in an LOI (Letter of Intent) or an agreement of sale. I just threw a number out at a broker to see if the seller was flexible. It’s not a huge building. [...]

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Direct Mail Campaign Response Rate

Posted on 16. Mar, 2010 by Carey.

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So we’re still receiving calls from our direct mail campaign that went out in January looking for apartment buildings to buy. Remember tho, a lot were smaller units, etc. so I had to fix the campaign? Well yesterday I got another call! So that’s 12 calls from 255 pieces of direct mail. It’s a little [...]

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Door Knocking to Find Apartment Buildings for Sale

Posted on 09. Mar, 2010 by Carey.

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So yesterday I actually went door knocking to find apartment buildings for sale. Crazy eh? See here’s the deal…I’m a very in-person type of person so I like actually dealing with folks and talking to them but more importantly the apartment buildings for sale from loopnet SUCK! And yes, I knew they would because they [...]

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