Newbie Investor questions...

[Joe Peeler]

Is it just me, or do I feel like I'm slutting myself out to try and get some help....

I'm a newbie in Maryland, but I've spent the last 7 months researching and reaching out to lenders, agents, cpa's, lawyers, etc. I've contacted, extensively, agents for market listings, but just can't compete with experienced investors.  I would be using hard money, I have a few contractors on my side.  My issue is finding properties.  Anybody have that philanthropical soul to reach out to a new, yet hungry real estate investor to help find off market properties? (i.e. probate scenarios) 

I would love to create a partnership where we all benefit and would be willing to pay for the right training.

With that being said, I know this would be the money machine that everybody dreams of.  I wanted to put it out in the ether to see if anybody had the right game plan.

[Mordy Chaimovitz]

Here is a story that happened to me that now has me looking at a deal I am very interested in

I was aimlessly browsing on loopnet when i saw a property that looked amazing, except that it was already under contract. 

i reached out to the  broker and said. "Hey i loved this listing, do you have anything similar?" 

She contacted me and I found her to be very knowledgeable about investing and her market. An excellent broker from Cincinnati (pm me and i can connect you) and she started sending me some listings that I crunched some  numbers on and followed up with her

A week later, I was talking to a rep from Rent to Retire, as I was curious about their company. During that conversation I felt that both the rep from r2r and this broker from Cincinnati would both  benefit from being introduced, so I connected them  via email

the next morning I got a call from the broker that the the contract on the property i had liked so much had just fallen apart and if I wanted to jump in on it I should go for it!

I was very excited and planned a trip to drive down from Chicago to Cincinnati  to see the property 

when I was about 65 miles out of Cincinnati we realized  that their were elements of the property that lowered the value of it significantly and the deal fell apart after 3.5 hours of driving

I told her associate who she set up for me to avoid dual agency that I still want to come in to meet with them in person. And I asked him (also a wonderful wonderful person broker and now friend) if he could try to dig up something else for me to look at once im there. 

guess what. He did. and now I am Looking at this other property very very seriously. 

my take away lesson is this

1 Don't call people. Connect with people. 

2 Bring value to others. Be it brokers, friends, or anyone. 

3. Try to take lemons and make lemonade. 

4 even if i dont wind up getting this new deal, i still connected to some great people and made new friends.  

And that my friend, is a good deal.