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Updated almost 8 years ago,
Next Steps for a New Investor
Alright friends. I figure I should put this PRO membership to work. I am a newbie. Currently my plan is to begin driving for dollars in my backyard. I have found a dozen properties that look to be distressed or vacant. The plan is to begin mailing to the owners.
Hurdle #1
Some of the properties are owned by LLC's or by So-and-So's HEIRS. Do I send my letter to the addresses listed for these owners? Or is there another way to ensure I am getting the mailer in the right hands?
Hurdle #2
If an owner comes back with an interest to sell, how should I go about locking the deal down? I live in Orange Park, Florida (pretty much Jacksonville, Florida). I will need contractors for repairs. I will also need a way to secure financing. Ultimately, I want to execute the BRRRR method of investing.
BP Nation, a young'n (I just turned 30 so maybe I'm not as young as I think I am) is asking for your help. If there are any VIRTUAL MENTORS out there in the Jacksonville market that wouldn't mind sharing some knowledge I've love to hear.
Some things about me. I have an RE License. I am really good on the phones and building rapport with people. I'm great with numbers and consider myself an excel wizard. I'm a Christian and would love to get hooked up with local investors who value Honesty and prioritizing Win-Win Deals with homeowners. If there is anyone in the Jacksonville market that thinks they could use my help and can help me out as well, please don't hesitate to contact me.
Thanks in advance BP'ers!
Rick