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Mentorship - Deal Deep Dives is happening in 6 hours
Garrison Strikes AGAIN!!!!
Dude. This puts Garrison over 100 doors when he closes this! Who's next?
Garrison Strikes AGAIN!!!!
78 units in contract!
Finally got my 78 unit deal into contract, now the due diligence fun begins!!! And the enjoyment of my BIG 1031, selling 2 single families, a duplex and a 9 unit in the next 120 days.
78 units in contract!
Scammer wanted a $5M pay day - NOPE!
Scammer trying to get a big $5 Million pay day from me got ratted out within one phone call! Hope this is a good reminder to others to have a vetting process in your business, if needed! I’m laser focused on supporting Wholesalers + Investors with Transactional Lending nationwide, across all RE asset classes. I don’t normally see much scammers come my way currently in my business, but Scammer are definitely out there! Some scammers are more savvy than others, and having a process in place to disqualify requests as quickly as possible has been a game changer. 👉1.) I am focused on & confident on 3 lending types; Earnest Money Deposit (EMD), Double Close, and Seller Carry-back funding. 👉2.) I ask specific questions about potential funding request 👉3.) I also vet the person requesting the funds (especially with a $5 Million ask!) Here are some of the red flags I identified on a brief 10 min phone call with this person: 🚩Had a hard time explaining their transaction they were trying to accomplish 🚩Was unsure of the type of funding request they wanted to pursue with me on BUT definitely wanted $5M! 🚩Told me I would simply put funds in the deal and get those same funds back the same day. Meaning, the funds weren’t for closing (this is NOT how transactional lending works) 🚩Person could not specify how I would get paid back + my fee 🚩Person was acting very strange - a bit nervous - and mixing up their story (strange!) Ugh, I could go on, but ultimately my vetting process, knowledge & experience helped me identify several red flags within minutes. Funds not lost and bad deals avoided is a win in itself! Glad I didn’t waste more time on this person and their so called “deal”! Stay safe out there, friends!
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Scammer wanted a $5M pay day - NOPE!
Remodel complete!
My first time doing a full bathroom remodel. This, plus a few other upgrades in the unit, led to a $250 rental increase. This is in my first ever multifamily building, a humble little duplex. What do you think?
Remodel complete!
Closed! — 188 Units in Arlington, TX
Excited to share that Flintridge Apartments, a 188-unit multifamily community in Arlington, Texas, has officially closed. This one took a real team effort to get across the finish line. Toward the end, there were a lot of normal closing items being worked through, including seller-side city items, lender requirements, insurance updates, closing amendments, updated vacancy and delinquency information, and pre-closing walks to verify unit condition before takeover. A big thank you to our investors for their trust and partnership. We do not take that lightly. Thank you as well to our partners, lenders, brokers, attorneys, property management team, vendors, and everyone else who helped move this forward. There are always a lot of people behind the scenes on a transaction like this, and we’re grateful for each person who played a part. Now the focus shifts from closing the deal to operating the asset well. That means supporting the onsite team, serving residents, improving leasing, staying disciplined with the business plan, and being good stewards of the property and the capital entrusted to us. Grateful for the team, grateful for our investors, and looking forward to the work ahead.
Closed! — 188 Units in Arlington, TX
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