Action Diary.....

[Arthur Fuller II]

So I've decided to chronicle me attempt at getting my 1st deal...

About a month ago I decided I wanted to get into RE investing. I have very little cash and poor credit so I figured I would start with wholesaling. I eventually want to get into buy and hold and rental properties. 

Two weeks ago I sent out some postcards and haven't received a call yet. Now I know it takes time so I'm not in the least disappointed by the lack of results but I've decided to be a little more proactive.... so here goes:

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Day one | 9.30.15

I went on line to the Los Angeles Code Enforcement website http://ladbs.org/LADBSWeb/services-code-enforcemen... and downloaded the Vacant and Abated building list. This list is 22 page PDF of frustration. The list has the number and street name of the buildings but no cities or zip codes. 

So what do I do with list? 

1. I copy the address and paste it into google to get a picture of the property and a full address.

2. I then take that full address and put it into Zillow and/or Realtor.com to see if has been sold.

3. If it doesn't have a recent sales date and I like either the property or the area I paste the address into a spreadsheet.

It took me 90 minutes to get a list of 15 properties.

My next step is to locate the owners of these properties. I will do this one of two ways. I have an AGENTPRO247 account, I think I can check there or I will get a TASKRABBIT to go down to the assessors office and get the data I need.

I will return on 10.2 with an update, good night and good luck with all of your pending and future deals!

[Bill Gulley]

Great, but why not start building your buyer's list? See what they want so you don't spin your wheels on a property you can't move. Your "task rabbit" can find them at the courthouse too. From that list I suggest you start with fix and flip guys, not landlords.

You just started, how are you going to value the properties? Have you already learned the basics of real estate and then decided to start in, or has your learning been from podcasts, forums, webinars, books and other strategy materials?

Why not post an outline of your plan, the phases or steps and the expectations you have to follow at those steps. 

Along the way you can post where you are in that phase and what issues or success you are having. 

Doing that allows more experienced types to suggest a direction or how to solve an issue along your the path of your plans. Things you might miss on your first attempt, or like staying out of trouble.

Why is my BS meter humming? Oh well....the benefit of any doubt goes your way to help you. Good luck :)