90 Day Challenge: Week 3

[Joshua Roat]

Week 3 was met with early success followed by some loss of steam and focus. I was able to chat with a mortgage broker who was able to resolve some of my concerns. I came out of the conversation ready to go and started brainstorming letters to send to potential sellers. However, I quickly felt over whelmed as I have no experience as a land lord. I ended up buying Brandon Turner's book on becoming a land lord and am reading through that. My current plan is to read it twice, the first time to gain the exposure and get my feet under me, the second time will be slower and in parallel I'll start compiling all the recommended documents so that I'm ready to start looking for tenants.

My concern is that my focus should be on finding deals and that I'm going off on tangents and getting worried about what ifs. The goal for this week is to create the first draft of a letter to find potential buyers. My plan is to reach out to sellers on Craigslist, Zillow and/or Redfin to see why they're selling. The goal will be to try and set up a lease-option contract or find someone who would be open to a seller financed deal so that I don't have to find 15% down for a conventional loan.