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Updated about 10 years ago,

User Stats

28
Posts
5
Votes
William Rose
  • Real Estate Broker
  • Abingdon, MD
5
Votes |
28
Posts

Upcoming Investor from Abingdon, Maryland

William Rose
  • Real Estate Broker
  • Abingdon, MD
Posted

Hello everyone!

      My name is William Rose and I'm an 18 year old entrepreneur. Ever since I was in middle school I've been the kid trying to establish a business in one way or another, whether it was selling gums to classmates or building up a lawn care business. These small businesses provided a good amount of cash-flow and kept me satisfied in my earlier years. In my senior year of High School I decided to start up an Ebay business. I did a few hours of research and managed to start selling Iphone chargers. The first few days were slow and then the cash wouldn't stop coming in. I did about $1500 in a month (Which was a very big deal for me) before getting ran out of business due to Apple's iOS 7. I still have the chargers sitting in my room. 

      After my catastrophic failure I began searching for new investment opportunities. I listened to audio books and tried to soak up as much knowledge as I possibly could. I discovered a few great opportunities but my lack of funds stopped me from pursuing them. In response, I picked up a sales job at a major retail chain this Summer and I've been saving since. I also enrolled myself into a local community college's business program. Using a combination of my extra financial aid funds and my job savings, I decided to take action on Real Estate Investing since it seemed like such a great opportunity.

             I've set these goals to accomplish over the next 6-months

  • Make $10,000 from Wholesaling
  • Create $1,000 in monthly passive income using Owner Financing, Lease Options & Subject To's

             In order to accomplish these goals I've come up with this strategy

  • Send out 500 Yellow Letters to targets and put 25 bandit signs out (Bi-Weekly)   

        I have my 500 Yellow Letters ready to be sent out and my bandit signs are ready to be placed. I had to fill in the names and addresses of the recipients on my letters so it was quite a bit of work but I'm hoping it'll be worth it and if not I'm more than willing to keep investing. I'm willing to do anything to accomplish my goals. I've saved up $600 and by next month I'll have around $2,000 to invest. That doesn't count my parent's money, who've said that they're willing to help since they believe in me and have seen some of the results from my previous ventures.

                                              The questions that I have are

  • What Yellow Letter marketing strategies should I use in order to accomplish my goals in the 6- month time frame? I know some investors send multiple letters to the same recipients so I was wondering if I should take that route or not.
  • If you were starting out with $2,000 to invest, what moves would you make in order to accomplish my goals in 6-months.

      If anyone feels as if they can give me any guidance it would really really be greatly appreciated. I'll try my best to return the favor. I'm just trying to take control of my life and manifest my dreams before I end up working 8-hours a day at an average job asking myself "How'd I get here?". Once again, ANY advice is appreciated. 

Thanks.

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