Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

14
Posts
5
Votes
Benggalo Lempo
  • Real Estate Investor
  • Copperas Cove, TX
5
Votes |
14
Posts

The new kid from Central Texas

Benggalo Lempo
  • Real Estate Investor
  • Copperas Cove, TX
Posted

Hey all!!! My names Ben and I am a true blue newbie!! Starting in the Fort Hood, TX area, and will be moving to Oregon. I have read a lot about REI and I'm starting with wholesaling due to the fact that..well no money , no credit. Eventually, as my venture grows, I will want to get into serious cash flow business: rentals, rehabs. Don't mind me, I will be lurking around. Ill hi from time to time. Any tips are more than welcome a and appriciated!!!

Most Popular Reply

User Stats

2,129
Posts
515
Votes
Jack Butala
  • Los Angeles, CA
515
Votes |
2,129
Posts
Jack Butala
  • Los Angeles, CA
Replied

@Benggalo Lempo 

The very first activity I teach at landacademy "dot" org is this:

Go straight to craigslist and key word search "acres."  Find some rural property that is priced pretty cheap.  In west Texas you should find several 40 acre properties priced below $10K or $20K.  Make offers on everything you find by responding similar to this:

"Hey, seller.  I'm interested in buying your property posted in Craigslist for $2K, cash.  I realize this is kind of far off from your asking price.  If you are simply interested in getting rid of it, I can close pretty quickly.  Otherwise, please keep my name and email address and in the event you still own the dirt in a few months, drop me a note.  I'm sure we can work something out."

The more offers you make all over the county, the more you will buy.  I can't count the number of properties I have purchased this way.  When you get one, post it on Landwatch and on eBay for about $8,700 to $9,700 cash or $19,900 with $1K down and $197 per month.  We sell property this way every week.  

It should take you less than 45 days to complete your first deal.

Barrow the money or put it on your credit card or call me.  I do deals with new guys like you all the time.

Also post something like this on Craigslist in the "wanted section":  Cash for rural acres.  Fast Close.  We make offers on every inquiry.  

Same here, I've bought whole sections of land (640 acres) this way.  I paid $10K for one, subdivided it into 40 acre properties, and its been cash flowing for years!!!!

Please reach out to me on BP and I'll help you get started.

Good luck.  You are in the right place at the right time.

This county is full of property owners who want to convert their unwanted rural acreage into cash.  Your job is to find them.

Loading replies...