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Updated over 10 years ago on . Most recent reply

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Jerry Johnson
  • Real Estate Investor
  • Lincoln University, PA
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What to do next, i don't have a clue

Jerry Johnson
  • Real Estate Investor
  • Lincoln University, PA
Posted

I did driving for dollars, wrote down addresses and sent out letters. Received a call from the owner who wants to talk. I have no idea what to do next.

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Robert Leonard
  • Investor
  • Lafayette/Baton Rouge, LA
914
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Robert Leonard
  • Investor
  • Lafayette/Baton Rouge, LA
Replied

@Jerry Johnson 

I'm not a fan of stumbling forward when it comes to business.  I think you need to know what you are doing and why you are doing it when making any business decision.  You've taken some initiative and found a lead, but you need help with the next step.  Word of mouth travels faster now than at any time in history - this is business and your reputation matters.

I recommend that you share the lead with a local wholesaler or other investor who knows how to handle a warm lead if they agree to let you see how it's done.  You'll do much better to learn from an experienced investor and take a finder's fee or split the deal if it turns out to be one, than to have an encounter with a potential seller that you aren't ready to deal with on your own.

Where will you find that investor? Search by zip code here on BP. At your local REIA. If there's no meeting in the near future, call the organizer of the group and ask for their advice.

Where there's a will there's a way, but you don't have to go it alone!

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