All Forum Posts by: Aaron Wortham

Thanks @Dustin Davis. Really solid advice. You don't have anything if you don't have your integrity.

This is definitely a direction that would rely heavily on a partner/acquisition manager in the area as well as a lot of area specific research.

Thanks guys! I'll start with that podcast. 

@Josh Nix We should continue the conversation.

@Steven Pesavento I can't wait to hear more about your story. I talk about moving back to the front range all the time. Thanks for weighing in! Maybe next time I'm in Denver area we can connect.

@Joe Sadusky I think I am in a bit of a unique situation in that I've moved around a bit. I currently live in California, which is very expensive and very competitive. But this is my sixth state to live in. I spent 14 years in Colorado, 5 years in Arkansas and about 7 in Wyoming as a kid. Nebraska and Kansas are also on my list, but I haven't lived there since I was very young. All that to say - I would feel more comfortable starting wholesaling in another area, if logistically it is possible and I can get my systems setup. 

I recently read David Greene's book on long distance investing where he mostly looks at building teams like contractors, agents, lenders and property managers. I am looking at taking a similar approach, but beginning with wholesaling. This would allow me to get my marketing and acquisition systems in place and make some money doing it. Then expand one step at a time. Adding in seller financing might be a next step. Then adding pieces such as a property manager and keeping a couple of deals in order to build long term wealth and cashflow. 

Has anyone tried this? What are some of the challenges I may face in trying to wholesale from a distance?  

@Tua Toiaivao I think the tough part is how competitive your local market may be. Some of these podcasts do indeed have examples of people buying off of the MLS. However, if my recollection is correct, they are mostly in the midwest or south. Real estate is always local and what is working in Kansas City or Birmingham may not work in Arizona. It gets tougher to find deals when there are more buyers than deals, so that means you have to look harder, which may just mean putting some marketing behind your efforts.

The upside to that is that once you find a deal, you should be able to sell that contract quickly as there will be no shortage of buyers/investors. And if you decide to keep a few of the deals you do find, you should be able to build equity quicker than in places where there isn't the same level of demand.

Keep it up! You are taking action and that admirable. Sometimes it just take a bit to gain some traction.

It's working fine now. Must have been having some issues yesterday that have since cleared up.

Thanks for posting this! Looks like a great resource.

This sounds super interesting, but the link doesn't appear to be working. I'm getting a dns error. It says the IP address cannot be found. Is the site still active? Or perhaps there is an error in the url?

I'll admit right up front that I haven't read all three of these books, however I did just finish Long Distance Real Estate Investing and it was excellent. Anyway - here's my $0.02. 

I would start with the most general and move towards the more specific. Millionaire real estate investor examines multiple tried and true strategies for real estate investing. It will expose you to numerous ideas about money and real estate and you can begin to narrow down what kind of investor you are wanting to be and which strategy you want to take. Then I would move on to The book on Rental Property Investing. This is a bit more specific. You have narrowed the field from anything in real estate down to one specific strategy - rentals. Then, finish with Long Distance Real Estate Investing which again narrows down your chosen field (rental properties) and looks at how to go about building teams and growing your portfolio from a distance.

How did you choose these three books in particular?

That's the direction I would lean. I'm interested to hear how it goes!

Nice to meet you! I work in Carlsbad and live in Vista.

Side Hustle by Chris Guillebeau. It helped me to open my mind and see opportunities everywhere around me.

Hey Shawn! I made a list of books that I've been working through based off of listening to podcasts and seeing titles come up repeatedly in webinars and articles. Disclaimer: I haven't read all of these yet. However, this is my current list that I am working through. I'm not sure what you mean by 'advanced'. Are you looking for a list on a specific topic? Or general real estate? Anyway - here is my list right now: (It's really more of a baker's dozen)

• Buy and Hold Forever by David Schumacher

• by Brandon and Heather Turner
• by Amanda Han
• The Book on Investing in Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money by Brandon Turner

• Long Distance Real Estate Investing by David Greene

• by Brandon Turner
• william t nickerson how I invested 1000 and it became 3 million (or something like that)
• the art of the side hustle
• Start Small, Profit Big in Real Estate: Fixer Jay's 2-Year Plan for Building Wealth - Starting from Scratch
• Building Wealth One House at a Time (this is a plan to retire in 10 years with 10 properties)
• by Spencer Strauss
• by Frank Gallinell
• by j scott