All Forum Posts by: Adam Amero

Hey everyone, I'm getting ready to send out my first direct mail. I have a list of 20 vacant property owners I'd like to mail. Im planning to send out actual letters, me and my brother have bad handwriting so we're trying to type up the letters. As of now I think it looks kind of stupid, it's going to be a full sheet of paper with only a few lines telling them we're interested in buying their property and our contact information. 

Does anyone have any advice on setting out direct mails like this without using a company? Any advice or suggestions are appreciated

I'm jumping into the game of wholesaling, I'm still just a little concerned about contracts. Are there any experienced wholesalers who could point me in the right direction? Looking for a certain website to go to for some examples and tips.

I'm an aspiring REI and I'm very ambitious. I know that REI is for me, but I'm having a hard time figuring out how to get in the game. Does anyone have any advice on how to meet investors in your area, or how about how you met your mentor? Im feeling that having a mentor will be a huge help towards my success. I'd love to spend some time with and help/work with investors in my area. If anyone has any advice it'd be greatly appreciate.

@Eric H.

Thanks for pointing me in the right direction.

Eric can you repost the link, I don't think it came through correctly

@Steve Vaughan It seems the key is to have friends in each category. Realtors, attorneys, fellow investors, appraisers, inspectors, contractors. Do you have any advice on how exactly you build these friendships without having anything to offer from the start?

My goal is to help sellers, investors, and myself. I know that there are many different ways to have a deal be a win-win for all parties involved, rather than taking advantage of people to get ahead. I have a few strategies with marketing, and I'm confident in my ability to get out there and find the deals, and to find investors who would be glad to work with me, even if I split 50/50 with another wholesaler. Im just not quite sure how to find these deals without paying all the inspection fees, is there ways around this, or are experienced investors eventually able to tell if a deal is good on their own? 

Like I said, I'm in this business for the long run and just like everyone else, getting in the game is very intimidating and confusing, especially when you get all your information from books and websites. I need to get in on the action and learn from experience, and even if I fail 10 times ill eventually get where I want to be. Id just prefer to keep asking questions and learning and keep the failure to a minimum.

I've read several posts and people seem to say that most wholesalers don't have two nickles to rub together, and don't know what they're doing, but their are some who do know what they're doing and can be very beneficial to a busy investor.

I'm an aspiring REI who is still learning, and I want to know what I'm doing before I start. I plan to start with wholesaling, using an FHA on a multi family, and eventually investing in all other avenues of the business.

I'm starting with wholesaling because yes, I barely have two nickels to rub together. That being said, I think it will be a good way for me to get some experience in the business and help other investors take advantage of deals until I can invest on my own. It seems there isn't much competition so when I prove I'm one of the few that actually knows what they're doing, I'll have some cash buying investors who will give me a chance when I say I have a deal. I'm not someone who had just saw an ad and is looking for a get rich quick. I'm looking to be involved in the business for the rest of my life, im just starting with what I have instead of sitting around waiting for tomorrow.

My concerns with investing are that to do an efficient job, and ensure I have a great deal, I will need inspections and appraisals. Paying those fees and then having the property be a dud will really set me back. How exactly do people that are starting out ensure that they have a good deal without spending hundreds of dollars on every property they have an interest in? 

Thank you for the advice and I'll definitely read the articles. 

My first property will be using my mothers name for the loan and I'll be a joint owner to build my credit. We are renters right now, so living in one of the units and having to pay the rest of the mortgage, that the other units don't cover, while we are living there for the required time of the FHA is not a problem. I'll be paying rent for my own investment instead of someone else's. The low down payment is key for starting out, and is why I need to utilize the FHA.

It seems that my biggest challenge will be dealing with lender. I've seen that the lender provides an appraiser but does that require me to pay for each appraisal? Money is tight and I want to do my first investment very efficiently with minimal expenses. Having to pay for an appraiser on every property would be a very big challenge. I would hate to spend 400$ on appraisers and inspectors and then having the property not fit my needs.

I've spent many hours learning online and read a really great book that I continue to refer to. The one thing I can't figure out is how to get appraisals, inspections, and all the numbers I need to calculate before I purchase without paying fees on every property I think will be a good deal.

I've been studying real estate from about 8-9 months now, and I love the business. I'm not quite an REI yet, but I'm aspiring. BP has been very helpful for me and I've spent many hours on the site, so I finally signed up. I am wondering if other users who have Pro accounts would recommend it to someone who isn't completely ready to jump right into the fun, just looking to learn and discuss with others. I'm new to the forums and will be adding a picture soon.

I hope this doesn't go against the BP rules, I'm new to the forums and will be adding a photo and play to upgrade to Pro soon.

I've been looking into REI for quite sometime now and have recently decided to start with wholesaling. I'm 19 years old and don't have any experience on buying a property, and how the process goes down. I'm asking around from friends and family who have, but I'd like to get some input from people with the same mindset as me. Most people don't take a 19 year old looking into real estate very seriously, but I'm sure the people in the BP community are not like that. I'm just looking to get an idea of how the whole property buying process goes down. If there's any wholesalers that read this, I'd love to hear about the steps you take to complete the process. I've read a lot and continue to keep learning, but id like to here from some real people instead just reading about how to do it, I'd like to hear how it actually works.