Real Estate Investor Newbie

[Maya Patterson]

Hello hello!!

M name is Maya Patterson and I am new to the bigger pockets community as well as real estate investing!!

I’m originally from Colorado, and I moved to Fort Lauderdale 2 years ago to play college volleyball. After two years I stopped playing, and stopped attending Nova Southeastern & since being away from college I feel like I’ve been introduced to a whole new world and mindset of making money!!

I’m extremely eager to become a real estate investor so I can live a financially abundant and free life and I would love some help and guidance along the way.

I’m looking into wholesaling and have listened to multiple podcast, YouTube vids, books etc. but knowledge isn’t power until you use it so that’s what 2020 is all about for me!!

I’d love to connect and meet like-minded people and other investors to learn and work with along with other newbies to take this exciting journey with!!

Hope you guys have an amazing year, and let’s catch our dreams!!! (Done chasing them lol)

[Greg Dickerson]

Originally posted by @Maya Patterson:

Hello hello!!

M name is Maya Patterson and I am new to the bigger pockets community as well as real estate investing!!

I’m originally from Colorado, and I moved to Fort Lauderdale 2 years ago to play college volleyball. After two years I stopped playing, and stopped attending Nova Southeastern & since being away from college I feel like I’ve been introduced to a whole new world and mindset of making money!!

I’m extremely eager to become a real estate investor so I can live a financially abundant and free life and I would love some help and guidance along the way.

I’m looking into wholesaling and have listened to multiple podcast, YouTube vids, books etc. but knowledge isn’t power until you use it so that’s what 2020 is all about for me!!

I’d love to connect and meet like-minded people and other investors to learn and work with along with other newbies to take this exciting journey with!!

Hope you guys have an amazing year, and let’s catch our dreams!!! (Done chasing them lol)

Wholesaling is a great way to get started. Start with finding cash buyers. You want professional legitimate cash buyers so you know you can close on the deal and do what you tell the seller you will do. I can’t emphasize this point enough. You do not want to contract a property unless you know you have a buyer who can close it or take it down yourself.

Different types of cash buyers are flippers, buy and hold, subject to and lease option. You need to find several of each of these types of buyers and learn what they are looking for. You will learn a lot about the business and the market by talking with cash buyers.

Best way to find cash buyers is networking at local REI meetups, masterminds, Facebook groups, Realtors, title companies, closing attorneys, property management companies, auctions, Craigslist, google search, billboards and bandit signs. Some companies also run TV and Radio ads.

You can search real estate transactions in your tax database. Look for entities and individuals that have bought multiple properties with cash. You may need to search by the address of the buyer as they may change their name or the name of the entity on each purchase. You can also buy lists from companies like list source and there are some REI software companies that have a cash buyer search feature.

Some of best ways to find motivated sellers is to purchase lists from companies like listsource and or compile lists from city and county like 60-90-120 days late on mortgage, pre-foreclosure, delinquent taxes, water cutoff, code violation, probate, divorce, evictions for tired landlords etc. Then you can mail or cold call or both.

Other cheap or free methods are driving for dollars, craigslist, Realtors, FSBO sites, expired listings, foreclosure sites and bandit signs if allowed.

If you have the funds you can use billboards, newspaper ads, other offline publications., TV commercials, radio ads, motivated seller websites, SEO, pay per click/adwords, facebook, Linkedin, Youtube, and other forms of online advertising and boosted/promoted social media postings.

Bottom line is integrity and consistency. You need to do what you say you will do and take consistent focused action every day, answer the phone when it rings and follow up and follow through.