Hi BP! New member fro Miami!

[Jaime Julian]

Hello everyone! My name is Jaime, I'm from Miami Fl. I'm a Veteran, I served 5 years in the Navy. Well, to be honest BP a successful Real Estate investor is what I want to be and nothing else. I want to start wholesaling real estate as soon as possible. My goal is to move on to rehabbing properties. I'm on my way to work as I type this. My daughter has a Track Meet today and I can't go cause of course, I have to work. I never want to sound like I'm complaining, I want to sound like I'm ready for somethings to change.

[Thomas Franklin]

@Jaime Julian When you transition into rehabbing, I propose the following action plan. The first step would find an Investor Friendly Realtor assuming you do not have access, to the MLS. I would suggest that you interview several Realtors and ask them the following questions, to ascertain if they are truly Investor Friendly, or if they are throwing you a sales pitch.

1. How many investors do you currently work with and how many investors have you worked with, in the past?

2. How many transactions have you closed, with investors?

3. Do you currently own any Investment Properties? If so, what type do you own?

4. Are you a member of any REIAs?

The next step would be to work with the Realtor and determine the hot markets, in your County, with the greatest number of sales over the last 90 to 120 days. Personally, I would prefer 90 days because markets are always changing. This list would contain the zip code and corresponding name of the municipality, and a breakdown of the number of SFRs. This will be your Farming Area. From this data, you can utilize a website bestplaces.net that will give you a breakdown of the percentage of homes that sold, in various price ranges, for a given zip code. This will identify the retail price ranges, in which you can list the rehabbed property and the price ranges, of distressed homes, you should target.

You can use the Realtor to help you find deals and also use Wholesalers. If you acquire a property, from a Wholesaler, once the property is rehabbed and ready for the Retail Market, allow the Realtor that provided you the zip codes, to list the property for sale. This creates a WIN-WIN Situation and gives the Realtor incentive, to work harder on your behalf.

I hope you find the above information to be of useful value.