All Forum Posts by: Alan Brymer

I agree with Peter. I would also choose them based on if they specialize in the kind of investing you know you wan to do.

If you're okay with getting leads from all over the city or county and wholesaling them, then run general ads like signs and classified ads.

If you want leads from certain neighborhoods, then use targeted ads like flyers and direct mail.

So really, just decide where the easiest place would be to find deals you could get a bargain on, or that need repairs, and where you would easily be able to find an investor to wholesale them to, then choose your marketing around that.

Ask your buyers list what areas of ton are their favorite places to buy.

I would probably run bot kinds of ads.

Forums and blogs are goo ways to find snippets of information and tips, but nothing beats just investing in an ebook, or better yet, a full-blown course that give you everything you need--including marketing materials, forms, etc. Rules prevent sharing links, but you could Google it or ask elsewhere on the forum what the best books and courses are on wholesaling.

To finance multi-unit properties without putting 20% down, I would either:

1) Find lenders that don't require 20% own, which will be tough

2) Find a money/credit partner who has the unds and have them get the loan. Then fin some way to put it in an LLC you both own or somehow become part of the deal yourself and outline who does what and what you'll both earn.

3) Ask sellers to finance the sale, so you can take over their loan without having to get your own.

You could ind a commercial lender who loans based on the property's income and expenses alone and not your personal finances, and that does not make you guarantee the loan yourself.

Or you could find a credit partner to qualify for the commercial loan so you don't have to, and buy it in an LLC you're both a part of.

In either case, you'd need to get a partner or private lender to come up with the down payment unless you have it lying around yourself.

I wouldn't bother trying to keep every dime of your money working every week. It's too risky. Just keep it in an interest-bearing account where you can have access to it anytime you need it. Do deals with great returns and you'll still come out way ahead in the long run.

By lending it out, you have as much risk as if you're buying it yourself, but the upside is only a fraction of what you could make doing a deal yourself.

Plus, 30 days might now be a realistic time to len and get your money back. I would spend extra money on ads to in more deals or save it for a rainy day, since every investor I know who met their downfall was because they ran out of cash and thought they never would.

I would never quit your job until you have 2 times more than you need coming in every month from your business, for 6 months.

As much as you might not like your job, it pays to be safe, and besides, runing you business in 1-2 hours per day will help you continue to do the same when you quit your job instead of running errands for 8 hours/day.

I would also get good at getting financing without needing to qualify or show job history because that will go out the window once you quit.

Double-NO. Hire an appraiser when needed, which for me has been about once every 20 deals.

Hey...I'd be interested in knowing which credit union that was--bein' in Utah and all.

Schedule the time you're going to work on your investing--make a firm appointment with yourself, show up, work like crazy during those hours, and then STOP and go home.