I am Learning, I'm seeking to apply and I want it to produce...

[Lisa Bryant]

Greetings BP!

Just sharing:

I am a diligent hard working, creative and a flexible professional. With my eyes WIDE...opened. This newbie is now in a place of looking to work what she has obtained, while I am still young...lol!

Getting to results in the business is a slow process. At this point, I am looking at my options of ways to progress. I have taken the road to do some bird dogging. I was so excited to finally, talk to a property owner about her vacant property, but she was not interested in letting it go. When I find properties, I do the research so that I can present it to my end buyer(s), with details. I am glad to do that, that's the way it should be. 

I feel fully equipped to do this real estate stuff, but working without capital has been a bit challenging because of the limitations, it presents.

Loans, LOC's sounds good as a resolve, but with a new start-up, I have yet to find the right fit for a small business. Many look for at least 6 months to 1+ years in business or a financial history from your business. I will stay encourage and trust God, with the details.

Just sharing...thanks for reading.

Learn, Apply, Produce!

[Robin Maza]

Lisa - congratulations on getting started!  Best of luck!  

Limited budget is very challenging if you have no capital to invest.  Direct-mail and pay-per-click/SEO all have associated costs.  

On a shoe-string budget, the primary solution we have seen in South Florida is working the MLS diligently. For us, this meant around 5 offers a day and consistent follow-up on those offers overtime. To handle the offer volume, we created a detailed follow-up schedule. It is considerable work, but we successfully landed deals this way - however the returns were lower than our other marketing directly to home sellers. Please note we are in South Florida, a competitive market, the experience could be different in Washington.

As @Paul Timmins mentioned, if you find a deal you will need either a cash buyer if you are wholesaling or a money partner/experienced rehabber if you are DIY for the first time.  These resources can be obtained freely at your local REIAs.  Also make contacts with local wholesalers, as they will help market your deals in exchange for profit.

Try to line-up some cash buyers/money partners ahead of time.  I know "a great deal sells itself", but remember once you get a contract it does not last indefinitely while you try to work out financing issues.  Terms are negotiable, but most inspection periods are no more than 15 business days, and we commonly shorten inspection periods - even skip the inspection period - if that is important to the home seller.