Lance Williard's Buy Box
Who Am I?
As a member of Owners Club and Subto, I am connected to people all over the country with multiple strategies. I currently own 15+ rental properties as well as flip properties. My current rental strategy is the co-living (rent by the room) model. I'm looking for deals and/or investors that either want to make double digit returns or partner with ownership benefits. Click my email at the bottom of the page for any questions/concerns or click the red buttons on the page to submit things. Please allow 24-48 business hours for a response.
What and Where I'm Currently Buying
Atlanta, GA
Dallas/Ft. Worth, TX
Co-Living
• Single family
• 3/2 minimum
• 1700+ square feet
• 1965 and newer build
• Needs parking and/or garage space
• Creative financing, subject-to, cash
• Turnkey/light cosmetic rehab
• No condos/townhomes
• No HOAs
• Padsplit core markets
• Purchase price: $400,000 maximum
• Atlanta preferred zip codes: 30034, 30083, 30122, 30126, 30135, 30168, 30312, 30315, 30318, 30337, 30344, 30349
• Dallas preferred zip codes: 75209, 75261, 76051, 76155
Phoenix, AZ
Chicago, IL
Fix and Flip - Single Family
• 3/2 Minimum for single family
• 1500 - 4500 square feet for single family
• No major foundation issues
• Purchase price: $200,000-$750,000
• Creative financing, sub-to, cash, lease options, seller finance
Phoenix, AZ
Chicago, IL
Fix and Flip - Multi Family
• Heavy value add preferred
• No major foundation issues
• Fire/structural issues on a case by case
• Ability to increase cashflow through updates, better management or layout changes
• Purchase price: $250,000-$5M+
• Cash on cash: 10%+ after stabilization
• Creative financing, sub-to, cash, lease options, seller finance
High Point, Greensboro, Winston Salem, NC
Fix and Flip
• Single family
• 3/2 minimum
• 1965 and newer build
• No full guts. Light to medium rehab
• No foundation issues
• No fire damage
• Creative financing, sub-to, cash
• Purchase price: $250,000 maximum
LOOKING TO MAKE SOME MONEY WITH ME?
Want to lend money?
• Lender for a fixed rate return (10%+)
• Interest only payments until balloon
• 1+ year holding period
• Secured by
• Promissory note (outline loan terms and collateral)
• Deed of trust
• Insurance (in case anything happens to the property)
Want to partner?
• Co-owner of investment (cashflow + ownership benefits)
• Payments based on property performance and ownership %
• 5+ year holding period
• Secured by
• LLC Operating Agreement or Joint Venture Agreement
• Has ownership of the property, with contingencies if Operator fails to perform
