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Updated over 10 years ago on . Most recent reply
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Talk to the tenant!
Hello BP! This is my very first post so I hope I'm doing this right. I thought I'd post something that I learned yesterday that I think might be useful to other wholesalers out there. Always try to get the inside scoop of repairs needed from the tenant! The seller conveniently left out that her house had some plumbing issues. Because I built report with the tenant, I now have additional negotiating ammo. I never would have known this had I not talked to the tenant. No one knows the house like the tenant especially if they have been there a few years. This will be my SOP in the future.
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Welcome to BP!
Here are my Quick Tips (If you're listening to the Podcasts, you'll understand the reference. If not...see Tip #2!!!) You're already doing #1, so great job!!!
1. Get involved in the forums. Offer what you can and absorb what everyone else offers.
2. Listen to as many Podcasts as you can. I am listening to all of them, some of them more than once. There has not been a single broadcast that has not provided me value or that I felt was a waste of my time. Great content!!
3. Download and read the free How-to-Guides, starting with the Ultimate Beginner's Guide to Real Estate Investing. You could pay thousands of dollars for this information BP offers free. (I almost did!)
4. Set up some keyword alerts. It will keep you engaged in valuable discussions, while you're getting plugged in.
5. Get involved with your local REIA's. Real Estate is, as I'm learning, all about relationships and networking. Make it work for you!
The BP community is awesome, and you've taken a great first step!