One Step Closer To Success

[Jason Hammonds]

So my wife and I have been on BP reading and studying the beginners course. Just trying to learn as much as possible.  We are analyzing deals, we have leads coming to our email daily, we are getting a slight grip on the market in our target area, and it seems we are moving in the right direction.  We have even went as far as to inquire about a hard money loan and got a pretty positive response from the lender.  We are very close to having the funds for the DP.  So we are very close to pulling the trigger on buying our first flip property!!  Even though I haven't actually made an investment as of yet, I feel very confident (thanks to everyone here at BP and the site itself) that when I do I will be well educated and will not be alone in the decision.  Recently, the week before Easter, I responded to an ad on craigslist for a leads acquisition partner.  The company responded back and now I am assisting them in scouting leads they provide, taking pictures, and giving a basic report of the homes.  I received an email from my partner today that we have made offers on some of the leads that I scouted and they may turn into potential deals.  Potential deals =potential CASH!! That, in itself, really gives me motivation to dig in harder and get on my grind.  The amazing thing is, I haven't made a dime YET, but I feel successful!  Also, I have an opportunity to do occupancy inspections for a mortgage company.  I don't think the money will be very great. However, the potential leads could prove to be outstandingly lucrative!! I am just following the advice of others to look for jobs pertaining to the real estate industry that will possibly open doors to allow me to become an investor. This isn't a 100% success story but it certainly sounds like the beginning of one!!  Any opinions or advice on the steps I have taken or should take would be greatly appreciated.  Thanks to all and good luck investing!!!

[Jake Oreskovich]

Hi Jason,

It sounds like you are really beating the streets to get your feet wet in investments. From the work you are getting involved in, it sounds like you're leaning towards a flip or wholesale strategy? Is this what you're trying to do or are you open to all investment opportunities? I may have an idea for you depending on what your strategy is.

Keep working at it, I'm certain you will be able to buy that house. I don't know much, but I may be able to give you a few tips and share some of the things that have worked for me in my career.