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What to do with a counter offer… an exercise for fun for all. What would you do.
I offered 1.9M they have it listed at 2.4M there’s a full acre undeveloped on the back there’s plenty of room and a huge demand for indoor RV and boat storage, the zoning is already in place. The selling corporation is a feed company from the Midwest that didn’t realize how strong the competition is in the west With the current rentable space that’s 121/ft . But there’s so much more opportunity and value to be added it’s next to a fed ex depot . It’s got frontage but not prime frontage but central location to 85,000 people. Here’s the actual parts of the actual counter offer: We are pleased to submit this Counteroffer to Purchase which sets forth the basic terms Jeremy Bingham and/or nominee (the "Buyer") will consider buying (the “Property”). Buyer proposes to purchase the Property consisting of approximately a ±16,620 square foot building on ±2.39 acres. Purchase Price: All cash offer of Two Million Fifty Thousand Dollars and NO/100 ($2,050,000.00) dollars (the “Purchase Price”) for the Property, all pertinent rights to the Property real and personal wherein it is situated. Well what are your thoughts industrial rents if we just put 1 tenant in would be around 15-18k per month NNN .
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New comment Jun 24
Deal of the Week
I'm funding a deal on Friday. Let me know if you would do this. It's a wholesale deal that I need to fund ~$84k to the settlement company (that I know very well) for ONE DAY. Yep. 1 day. This is for a Double Close wholesale. I charged 1.5 Points which is pretty fair. Meaning I'll make $1,260 in one day for the use of my funds. I'll have my money back either Friday or Monday at the latest along with the fee. Would you do that? Give me some answers and I'll tell you what the wholesaler is making! LOL
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New comment Jun 21
One way to find borrowers
Do you have money to lend, but you aren't sure how to find borrower leads? In my experience, finding borrowers is EASY. There are always more people that want to borrow than people with money to deploy. - However, it's good to build a borrower list. One way to do that is to offer tools for borrowers. Not only does this provide value to potential customers, it also helps set expectations on how to do business with you. For instance, I am requiring all deals I fund be submitted with a Scope of Work that I'll use to disburse draw reimbursements. It's free. The only thing they have to provide is an email address. If I need deals in the future, I'll shoot out some messages to the Borrower list. Here is an example of my borrower page. If you want what we use for Scopes of Work....download it. https://www.achievecapitalpartners.com/borrowers If you don't want to share your email, no biggie. Just DM me. I'll send it.
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New comment Jun 21
Advertising for Borrowers
I've always been hesitant to advertise for borrowers. It is easier to find borrowers than it is money to fund deals. - But I'm going to go with it. I have a couple leads on referral partners, so I'm going to try that out.
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Advertising for Borrowers
Transactional Funding Results
Wired money out at 10am Got it back plus the fee at 5pm I need to find more of these.
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New comment Jun 15
Transactional Funding Results
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