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Updated about 15 years ago,
Experts! What are my first steps??!!
Hey guys,
Ok first off I've been going through the forums here and there is a ton of information, but I haven't found anything related to my MAIN concern! If there is, I apologize!
Ok, now here's my question. I'm a newbie investor, but I'm a little farther down the line regarding the education and strategies that Im considering. I've actually read a ton here, and I've heard and read some courses on Subject-2 that I'm looking to start off wholesaling initially! But I have what you guys probably know as... information overload!! So to summarize here is what all I know...
- Subject2... What its all about, etc
- I've gotten the homestudy course of a 'guru' whose 'fast money strategy' (wholesaling) I'm planning on using... (you guys probably already knw which 'guru' im talking about!)
- This course has all the documents I'd need to use, and I've heard and read a ton about actually going and talking to a seller, etc so I'm not paralyzed there... (yet :-P )
So my main question is, to actually get off the ground what in the world do I really need to do and in what order....
1. Build my team? I have a name of a RE Attorn. in the detroit area but I havent spoken to him regarding Subj2. Should I do this first? What about RE agents and morgage brokers?
2. The guru says marketing to attract seller.... 3 ways...
- internet marketing ( from what I've heard... [LINK REMOVED]... costs a freaking TON!)
- direct mail ( I'd need to buy a list to get started right.. is the money worth it in the beginning? )
- business cards to ppl (relatively straight forward but not gonna get me deals to actually look at immediately!)
3. A REI website... Do I start this as my first step? before marketing? DO u really need one of those 24 hour 800 numbers too?
4. Should I directly approach Re agents and morgage brokers about potentially sending me deals? Remember, I haven't started yet so there is no name to really work off of.
Just to be clear, I'm not averse to actually investing money here to start off, but Id just like some guidance regarding what exactly and how to start off?! Does internet marketing really work? If so then I could get myself a website and use an internet marketing company like [LINK REMOVED]
I just dont want to invest over 500 bucks in something and have potentially NOTHING!
Let me know what you guys think. For someone who has his strategy and information down, now what?!
Sorry for the insanely long post... :-)
Regards,
Nadirsh.
Detroit!