All Forum Posts by: Amber Brown

Any suggestions on how to effectively drive for dollars? would it be smart to do 2-3 small towns or cities a day be worth it or would it be better to do school districts?

Hi Ryne, Just recently I had a house fall into my lap that has gotten me a couple cash buyers who are giving me very specific information such as " I am only really interested in these 3 major areas ... ... ... and I don't want any 2 bed places, unless there's hidden potential (like an office that can convert to a room)." Most investors over here are quite friendly because they are already well established and confident in what they are doing. 

The house that I had didn't go though because another cash buyer saw different potential in it. 
It was the first real deal that I was able to partially walk through which what kind of cool. 

One thing I do recommend is when you are at the local meet up groups, ask if anyone is willing to take you on to mentor you. you can offer labor for the mentorship too and see what they say. The more people they have out looking for houses the more cash flow they have going for them so you will usually find someone willing to mentor newbies.

Welcome Ryne! I am just getting started in this as well and I have learned quite a few things since coming to this page. There is a lot of support here which is awesome. I am currently in washington and have found some local investor groups to join to start my networking. I suggest looking up local groups in your areas too as it can be your best source of mentorship. 

Amber

Thank you guys for the feedback. I have been struggling with finding leads, but when i do then i panic about signing contracts. I am positive in this area right now, I will have no problem selling contracts, but i haven't even gotten that far yet. I sent you a private email @jerryll , and @Ken Breeze, thank you for the helpful advice. I will keep plugging at it. 

I have one of my leads that is actually going somewhere! 

Thanks for that Patrick but i have faith that i can find more supportive people through networking. I know its possible or people wouldn't be doing it here. It is just about finding that right niche. 

Thanks Mark  :-)   

Other than usual drive by the house, look for tax defaults mortgage defaults. Is there any other suggestions or insights anyone has that may offer more distressed owners? I know I've looked at Craigslist to see if anyone that's doing garage sales is looking to move out but the only ones I found I've already sold their home. And of course it's rainy season in Seattle so nobody's going to be doing garage sales. I can't seem to find a good for him that seems to show the fire departments reports on like mini house fires and stuff like that. Any suggestions on where I could look to find that kind of thing? The local Facebook pages aren't helping

Hi Brent,  yeah I've spoken to many other cash buyer out here and they all just gave me the generic  2-bed 1+bath 1200 square feet has to need repair to be worth it, won't do major Construction like Foundation,  roof  is fine as long as it's not structurally  problematic, they won't fix screwed up driveways etc

They always follow up with but if you find something a little bigger or a little more dirty or whatever send it my way anyways and I'll tell you if it's what I like. I haven't found any buyers that are super specific about what they're looking for. Which makes it really difficult because all the houses in my area are single family houses in their criteria ranges usually needing work but are willing to sell yet because they are obviously living in it. Which just means I probably have to drive a little bit further for a little bit longer to see if there's vacant houses available.

Thank you Stephen and Mike. I'll start venturing out to see what is going on elsewhere too. I'm on the West side. Seattle area. when it comes to assigning Contracts somewhere I can't travel to, how does that work out? Via email ? 

So I am going to be honest here,

I have not been very successful in my wholesaling adventure in the last year and I need help so, now I am attempting to try to network with other wholesalers to see if any one out there with experience is willing to network and offer advice (which i probably should have tried doing in the first place). I have a pretty good program I can use to find the people that are delinquent in taxes/mortgages/etc. and I have 3 that I might be able to wholesale, but none are willing to talk decent numbers....
My problem?

One house doesn't want to sell because he thinks it is fine as is (obviously not motivated yet, but his house is crazy tiny and needs a serious update before it can sell for a good price)

One house is in foreclosure. she is definitely motivated, however it needs a TON of work, she owes a ton in mortgages and there are other investors (Cards etc) that know about her now (She started out as a friend of a friend needing to sell. I think she is shopping around.) Essentially i have been attempting to bird dog this house to other investors to see what can happen. 

and the 3rd is my neighbors house whose mom just died and he can't mentally take care of a house. the house is **** (almost literal cat poop and other nasty crap) but the problem with this one is a friend of mine wants to turn the property into townhouses YUCK :( 

Any-who, obviously good starting points with houses but not a single one biting on what I offer them.

Are many investors of Washington going outside the state? Which states are popular right now for flippers? is there an easyish way to tell without just searching the "Craigslist" of each state?