First appointment

[Ahkisha Howard]

Hello BP. I think I finally got this together. I started out looking for properties for my uncle that lives in another state. I Drove thru the neighborhoods that he was interested in but really didn't know what to do after that so needless to say he had a friend here that is going to sell him their house. I did network with a local investor that sells properties and been forwarding them over to him. But anyway the real reason I'm posting is because I have my first appointment set with a sell. So after things didn't work out with my uncle I said enough is enough and its time to start marketing for myself. I am broke and can't afford the professional looking bandit signs so I said you know what I can make them. I didn't want to put them on light pole on corners because I know the city comes around eventually and takes them down. So I figured I drive a bright green little spark and a lot of people notice it because of the color and its little. So I took my last 2 dollars and brought two lime green posters. I was going to buy sticker letter to make it look neat but it was more than I had so I grabbed my sharpie and wrote we buy houses on it. I cut 3 squares and put 1 on each window of the backseat and 1 in the back window. I have a free google voice number as well. So yesterday I got a call from a couple that saw my green sign in my car and they have rental properties and one of them they wanted to sell. I was so excited because it actually worked. So I set the appointment for Saturday. I was nervous talking to them I think I rushed thru it but I got it set. So now whats next. I have no money no credit no buyers no paperwork nothing. So I'm in what if mode. What if I can do something with the property then what. What if they let me put it under contract then what I have no contracts. Am I moving to fast? Should I have these things in place first? That's part of the reason why I never made a move because I didn't have any of these things in place. I was just tired of saying I was going to get out there and never did. So any advice would be GREATLY appreciated.

[Brionne Moss]

@Ahkisha Howard

Glad to hear such great motivation!! So firstly, my question would be, what niche are you trying to pursue? Wholesaling? Flipping? Buy n' Hold? I would assume wholesaling since it is the "least" expensive.

Firstly I suggest you start scouring the forums for information. Here's some topics below that you will need knowledge about. PM me for more information or if you have questions.

- Motivated Sellers ( How to tell if a seller is motivated)

- Determining ARV (comps, MLS, Redfin ETC)

- Formula for rentals (since this is buy n hold)

- Estimating rehab ( might want to hire a GC for like $50 bc this is really hard to evaluate in the beginning)

- Purchase Contract

- Assignment Contract

- Investor Friendly Title companies in your area

- How to create a buyers list (networking at local meet ups/REIAs, posting on Craigslist, calling FSBO, Bandit signs ETC)

I think that should get you started. Gotta move fast, don't want this to slip away if the seller is really motivated. Wishing for the best! =)