The phone is ringing off the hook!!! Now what?!!

[Clarissa Nesbitt]

So I did some research and ordered an absentee owner list from listabilty. I sent out letters Monday and the phone has been ringing off the hook. I have been out to look at a few properties, but I don't understand how to structure a deal. I need help guys. I don't want to let opportunities to go by me because I couldn't get the numbers right. People are expecting me to know what I'm talking about. Any tips of formulas you guys use that could help me out. 

[Christopher B.]

Should understand the basics of calculating the numbers on a potential deal before casting your line into the water first. It's good to take action, kudos for having the courage to get out there but you need to make sure you personally bring some value to the table before sitting down. If you truly have leads contact another investor locally, someone you feel is honest and trustworthy, tell them you've found some leads and will take a bird dog fee if they buy and show you how to analyze the deal. Maybe you only make $500 on a house but the knowledge gained from the investor in how to analyze a property will prove valuable next time a deal comes along. You've also just added a name to the top of your buyers list.