My brand new album, "Long Days, Short Years," is now streaming everywhere!
I wrote these songs to help you cherish the glories God has woven into every one of your days—because they won't ever come again.
I hope you love it as much as I have loved making it.
One of our latest purchases, and actually our third deal in this industrial park
- Multi tenant
- No current CAM charges
- 2 are on M2M leases
Going to take probably 18-24 months to get it stabilized with market rates, CAM charges, and some better leases
Previous owner was just letting tenants use the fenced in open yard for free
Tenants weren’t paying their share of prop taxes, insurance, lawn, etc
Landlord was paying utilities at most of the property too
The tenants who were on M2M didn’t seem too excited about CAM..
Big weekend. Lots of church events!
@bairdk I remember a time a few years ago when I felt a strong sense of FOMO because guys I knew started doing a lot bigger deals and I was still sticking to my smaller stuff because it’s my niche
I’m really happy I have stuck to my niche
Real estate, in particular, has a way of testing your ethics much easier than other industries.
You’re able to make a lot of extra money by bending your ethics, even if it’s legal.
I’m ashamed to say that I did it often early on in my career.
I was young and making a lot of money for my age. The ethics of it didn’t bug be back then, because I had blinders on and the only thing I cared about was the money…
But now I look back at that with a lot of shame.
Some of the things I even bragged about on here, like he is doing.
And I was mocked and shamed for it, as I should’ve been. I think it actually did help.
I hope this guy sees the error in his ways. He’s getting a lot of flack at the moment, and he should be.
Hoping that it makes him question some things like it did for me.
Fixer upper gets listed for $250k.
I offer $180k with 3% commission — I’m a licensed agent and my company is the buyer.
Plan is to wholesale it for $190k. Needs $75k in work and will be worth $320k after repairs.
Listing agent says too low.
4 weeks later our CRM notifies me the list price dropped to $225k. I follow up. Agent still says $180k is too low.
Another month goes by. CRM notifies me again — price drops to $210k. I follow up. Agent says they think it’ll work.
I draft the offer, send it over, and it gets accepted.
We price the deal at $190k and sell it — signed contract and EMD in hand.
While we’re still in DD, I tell the agent my buyer needs a $20k price reduction to move forward, but they’re ready to wire EM and waive the rest of DD.
Seller meets us halfway. Price drops to $170k.
We make $25k.
That’s the exact play we run wholesaling MLS properties.