Newbie From West Palm Beach, Florida

[Victor Correa]

Hello ALL,

I just received my Real Estate License (AGAIN-first one in 2004) in the State of Florida 2 weeks ago but have been performing commercial property inspections for insurance underwriters for over 10 years.  I want to get into real estate investing and found this site on google and I am overwhelmed and excited with posts and education that this site offers.  I am also looking to meeting others in my area from Broward County to St Lucie County.  I would like to meet others with experience but not closed to someone just starting out so we can learn together.  I am also open to add value to others with my own experience in Real Estate.  I look forward to meeting and speaking to many of you.  Thanks

[Adam Adams]

Originally posted by @Victor Correa:

Hello ALL,

I just received my Real Estate License (AGAIN-first one in 2004) in the State of Florida 2 weeks ago but have been performing commercial property inspections for insurance underwriters for over 10 years.  I want to get into real estate investing and found this site on google and I am overwhelmed and excited with posts and education that this site offers.  I am also looking to meeting others in my area from Broward County to St Lucie County.  I would like to meet others with experience but not closed to someone just starting out so we can learn together.  I am also open to add value to others with my own experience in Real Estate.  I look forward to meeting and speaking to many of you.  Thanks

 Something I have done and I recommend to others who are getting started in investing is “Driving for dollars”. Driving for dollars is an inexpensive and effective way to get started wholesaling. It’s also scalable, meaning you can have a group of you doing it and split the profits. So I hope this info helps!

Step One:

Pick a neighborhood. (I recommend a neighborhood that is very close by.)

Step Two:

Drive around and take note of (and photos of) any and all vacant/distressed/abandoned

houses.

Step Three:

Look at the county assessor’s website to find the owner(s), and their mailing address(s) (I need to stress, that you are looking for the home address of the owner). Write them up a personal letter with a pic of the home in its distressed condition. In your letter, let them know you drove past their property, and it looked to be vacant. Let them know if they are willing to sell, you could pay them cash and close quickly.

Step Four:

Contact a local Real Estate Broker and ask them to give you a list of all the houses in that neighborhood that have sold for cash within the last couple of years (these will typically be cash investors).

Step Five:

Go again to the county assessor’s website, this time find the mailing address of the buyers.

Step Penultimate:

Once you get a response from an owner of one of the vacant homes, just negotiate to buy it at a discount for all cash and get it under contract. Then contact all the cash buyers, you found, that you already know buy in that area. If you were able to negotiate a good enough discount, you’ll have no problem getting it off to one of your known buyers.

Step Last:

After you have done all that in your local neighborhood… just move on to the next one.

To your success!

Adam Adams