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Updated about 9 years ago,
Breaking into REI in an unconventional way
I currently live and work in Baltimore. I'm fairly young so I'm trying to build up enough cash to invest.
But in the mean time, I was thinking of ways I can build up more REI money while networking with my community of investors.
I've got two ideas:
1) Start a blog on the local REI scene, collect emails from investors and send out a "bird dog" newsletter that would include deals that are profitable on paper. I would charge a fee if an investor closes on the property that I brought to her attention.
2.) I could start a website for motivated home sellers in my area. Sell the leads now and then use them for myself when I get big enough. The only issue with this, is that I'm more interested in multi-families than SFHs. So this leads might not be very beneficial to what I want to do down the road.
What do you think? I welcome any feedback. Thanks for reading.