All Forum Posts by: Aden Brust

@Ryan Blackstone

Thanks for the info Ryan! That makes a lot of sense and I think that is definitely good advice not to try and market for specifically seller financing and open my mind to wholesales/flips as well to build cash! For my first deal I used direct mail and I think I got lucky getting a deal only sending 40 letters out! But for some reason I went away from it and tried cold calling because I thought it would be faster to hit my goal of a property by April but maybe I should just stick to direct mail! Do you also cold call/email/ etc while waiting for responses from mail? Or do you just wait it out?

Thanks,

Aden 

@Jamie Atkinson

Thanks Jamie! Good to hear from you.

@Brian Cauldwell

Thanks for the info Brian! I'll definitely have to look around for some lenders and see if anyone has a DSCR option, I guess I assumed it would be a no without ever asking a lender! Have a great day!

Hey all! My name is Aden Brust, I bought my first deal (duplex) in northwest Arkansas at the age of 18 in March of 2022, I am 20 now and looking for my second deal because I feel I have just been stuck since I got my first deal. It took me forever to remodel the first duplex and get tenants in there (huge learning experience which Im super grateful for) but now I feel like I need to get over this hump and get moving again. I don't have a W2 and all I have is the first duplex income and some photography income from my photo business. Im asking if anyone here has any creative ideas that maybe I haven't thought of to get the next deal, as well as any just general tips for getting your second deal. So far these are my ideas for getting into the next property.

- Seller financing by pulling off market list of all 2-4 unit absentee owned 100% equity properties in my area

    - What is the best way to go about this as well? Cold call? Letter? Email?

- Somehow using the equity in my current duplex (around 75k-100k)

Thats about all the ideas I can think of, so please let me know if you have any other ideas/thoughts!

Goal is to get another duplex by April this year and then another one to move into and house hack before September.

Hello! So I’ve recently come across information stating that there is some gray area as to whether you can wholesale in Arkansas or not based on the fact that you could be seen as doing real estate without a license. I am wondering if this still applies to wholesaling an on market deal with an agent? I’m assuming that it is totally legal to wholesale on market because there are agents involved but just wanted to get some clarification.

Thank you!

Thank you all for the great advice! I think what I learned is to get good at one business and then systemize it to where it becomes passive and start the new adventure, with my photography business, yes that will always be like a job but I do love it so it’s easy for me to do, and yes I want to combine it with different businesses such as being an agent or for the furniture business or what not, so I’m glad we are on the same page there. Thanks again!

I’m struggling right now with what to do about this... I have read a couple books and listened to podcasts and people reference the book “the one thing” (which I have never read yet) and say you should focus on building one bridge first, and then other people tell me I should have multiple streams of income. Right now I have a photography business that’s doing well, my friend and I want to start a furniture building business, and we want to try to start wholesaling, but is it to much at once? Or is it right because it’s multiple streams? I’m 17 right now if that makes anything different.

Thank you!

@Leigh Jones

That's awesome! I read Brandon turners book on investing with no money down and it talked about rural development but I didn't even think Anywhere around here would qualify! And yes my plan is to house hack first with either a SFH and rent out the bedrooms like you said, or get a duplex. I haven't started building credit yet because my parents isn't great so I have to wait until I'm 18. If you ever want to meet sometime virtually or in person I would love to talk!

@Jacob Fitzgerald

You bet! I’ll go to one as soon as they have one in person, and that’s awesome that you’re an agent here as well! I might have to pick your brain sometime because I want to get my license when I turn 18 as well! It was Nice meeting you.

@Jacob Fitzgerald

Thanks! I listened to that one a couple weeks ago and it was great! I reached out to him after but he said I would have to pay to talk to him so not my kinda thing but still cool to know someone from here did a podcast!