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Updated about 3 years ago,
Hitting some hurdles - any advice greatly appreciated.
BP community,
I am not discouraged but also find myself probably in the same situation as many who are starting out and seeking advice to get some traction.
I don't have enough cash (yet) to make cash offers, so I keep losing out on the offers I put out. I am working with a single realtor and signed a 6 mo. contract (which I'm not sure is the best thing, but it is what it is) I am only getting houses from the MLS which I can also find on all the online real estate sites. So I feel like I am not getting an edge here.
I am at the point now where I am willing to go door-knocking. I've never done it before, but hear from BT that driving for dollars is a good way to find properties offline.
Does anyone have any experience with this method? I recall him sharing a postcard option at one time. I am fine even writing a letter. I am motivated to do what it takes to get my journey going.
On a side note. I am looking to get more cash available by taking out a HELOC. Does anyone have any recommendations on the best lender? I saw Rocket Mortgage and Guaranteed Rate, but that was from a limited search.
I am also curious about other creative ways to get lending so I can be that guy who makes the cash offer and not always losing out to the cash offers. I just bought the Audbile version of the book by BT so I'm sure I'll learn ways shortly.
Thank you in advance!
In Health,
Sean