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Updated over 2 years ago, 07/13/2022
- Flipper/Rehabber
- Wilton, CT
- 4,026
- Votes |
- 4,745
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How I did JUST START!
All, I am not sure if I will be yelled at starting this spin-off topic to my other "how do I just start topic (https://www.biggerpockets.com/forums/12/topics/253794-how-do-i-just-start). I will remove this if I have any complaints.
The reason I am starting this one is because the whole point of making the How to just start topic was for other newbies to follow along on how to just start as I was having the HARDEST time with it.
The other topic just got too cluttered with advice which of course I am VERY thankful for. But one would now need to read a 3 page long history of my voyage to figure out the steps I took. Pleasedirect feedback to this post here:
https://www.biggerpockets.com/forums/12/topics/253...
So I wil devote this thread to no BS step by step how I did it(doing it).
My disclaimer will be.
I am by NO means an expert, infact I am most likely the one person on this forum that knows the LEAST amount of real estate (hence all my begging for help).
Secondly, this is how I did it. If I made a wrong step somewhere I believe you. However this is what I did, period.
OK so here is how I am doing it.
I ask you not to reply to this post. I encourage you though to reply about this post in my original post, (https://www.biggerpockets.com/forums/12/topics/253794-how-do-i-just-start) as I would lie to keep this clean short, straight to the point, step by step recipe NOT from the perspective of an already successful investor like you all, but from the eyes of a newbie that is at ground 0!
Here is my recipe of how to JUST START!! (I am not live yet, but I am getting there)
1) First. I bought 500 dollars worth of education. "Cody Sperber" and Josh Altman clever investor make your first million in real estate. This package included all the contracts, secrets (that everyone knows about I am sure), methods tricks strategies, you name it. SOme of the things they say and methods are VERY questionable, however, 80% of material is very useful to know. You just need to use your common sense to label the bulshit as ********.
2) I studied, watched videos, educated myself, obsessed about it.
3) I created business cards
4) I bought Clever investor's M5 marketing system. Which includes (ugly) website funnels, CRM, and some other useful tools to organize incoming leads. (not I am not yet live)
5) sought out a Real estate agent willing to work with me. Seemed promising, but after the break I never heard from her again. She is a very busy and successful REA, and she promised to get me in touch with her cash buyers and with someone that could mentor me. I sincerely think she is just really busy and it is not like I can offer them much value so I am not holding it against her. I am sure if I email her again she will do a lot of effort for me. She is that kind.
6) Created a website. Actually I am about to finish this. I am very proud of it, but I may be biased as I made it. And this is where I am thus far. I got into some severe obstacles and this has caused me to sow down, but I am back on track. The 9K a month job I had is no more (was contractor, project got scrapped). I got offers but it is either Real estate full time and make it, or take the job and do it part time. So I decided to take 1 month break and launch this FULL ON and see if I can make 1 deal this month. If I make a deal I will say goodbye to working for the man.
7) this is what my next step will be: Finish this website by tomorrow. Then make the website LIVE! Yeah baby!
8) Take my contracts and go to an attorney and make sure I have an escape claus (I will start with wholesaling). I would like to make at least 1 deal / week.
9) For a one deal / week I would need a ton of marketing and writing offers. So after contracts, I will dump about 2K into direct (targeted) mail cards, SEO for my website,
10) Once I have sent out the marketing to me this means I did it. I started, I am live, and my company exists.
New ones, this is what I have noticed.
I was always getting stuck because I felt like I didn't know enough to get started. And I still don't. What if I go live and I DO get a phone call and they ask me about what about my liens that are deductible from my probate in article 45 section d, and what if the mouse in the corner pre foreclosures me into deduction? It is all chinese to me. But like a wise person said somewhere. you do not need to see the entire staircase in order to take the first step. All you need to see is that first step.
Easier said than done I know. But the hardest thing and most important thing to do is force yourself to take that first step. I am going live soon. Do I know anything about those more weird methods, for wholesaling? hell no. But there is too much to learn about. I will never start that way. So I know when people say "just do it man" is completely useless because you would have done it already.. so I will not say just go and do it.
I will say, .. see the list above? The numbered one? Do that. Don't look at the following step (step 2)... just do step 1. When that is done, then figure out how to do step 2. Chances are by the time you are done with step 1, you already know how to do step 2 ,3 and 4. That is the trick. That is the secret!
This is how I did it, and I do not see why it wouldnt work. I will update this as I progress.
Everyone I would love your input and feed back. Feel free to write it here:
- Jerryll Noorden