The best way to get started!

[Mytisha Harper]

Im just starting out in this and im actually sitting in a FB seminar. Im contemplating the tuition. But over course im a single mother of 3 and that many funds is an issue. Whats the most reasonable and logical way My biz partner and i can get started? Seriously! 35,000 is a great deal of money. 

[Blake Yarbrough]

If you spend $35k on a class, you learn a lot but you still have to take action. So, why not take action and learn along the way through BP or local real estate investors? (Join your local REIA)

 If you have the cash, get a list of houses and start mailing. Direct mail is the best way to get leads. I live in Washington State, and I can get a list of houses from my title company for $1.  For your mailings, use a website that specializes in direct mail for real estate investors. They do all the printing and mailing for you. Keep in mind, you will need to touch the sellers at least 6 times (plan on 8) before they will call you. (Sometimes earlier) Use a mix of postcards and letters (talk to the printing company you plan on using and they can give you advice on what is working!)  If you really want to be successful, you need to send out letters to 2000 prospects on a targeted list. Here is what you need to plan: 2000 mailings every month for 8 months. That will be about $1800 for letters and $990 for postcards; alternate between those. It will cost you $11,160 over 8 months. It sounds like a lot, but ask any business person and they will tell you that you have to spend money to make money. Disclaimer: This is no guarantee that you will make money. There are other factors involved like negotiation skills and education/knowledge. However, your phone will ring. With that many letters/postcards, expect up to 200 phone calls that will lead you to about 20 possibilities and about 1-2 closed deals. So if you don't have time for that, scale it down. Keep in mind, though, that the smaller your list, the longer it will take to get you money back. I learned that the hard way.

If you don't have money, spend $12 on business cards that say something like "I Buy Houses for Cash," and give it to everybody you know. Also, find vacant houses and find the owners address on the county's website. Send them a letter. Hope this helps. Good luck!