All Forum Posts by: Andrew Hall

Well Josh, I have yet to close my first deal. My main focus is to remain consistent and analyze my business on a month to month basis. After listening to the podcasts I've learned that being consistent and sticking to a game plan and not getting the "shiny object syndrome" will help me remain on the right path. Finding your niche market and sticking with what works in your area. I'm extremely optimistic and know that once I get the first the second deal will be right behind that one. I'm responding to this post because I am currently in this situation and could use feedback. I've been marketing to 4 areas in San Diego and placed them on a direct mailing schedule every 4 weeks. My main goal is to buy and hold property out of state and build my portfolio in the TN, TX, or GA. Wholesaling is how I'm starting to gain momentum and invest in buy and hold properties. Thanks for all the great podcasts and creating this sight! I've learned a lot and am very excited for my future in real estate.

I've been using REI Pro for just over a month and love it! It simplifies everything and you can created direct mail campaigns very easily from the site. I've been sending out mailers every week and the response time is awesome. They send them out the next day and they aren't very expensive and you can target any lead and they have the postcards already made which makes things much easier. I've been using it for just over a month and I recommend it especially starting out. You can even set the direct mail to continue to mail every week, 2 weeks, or monthly. That way you can track and be consistent. Let me know if you have any questions and I'd be glad to help!

I would contact the granddaughter first to see if it was passed down though her will. You can also do a property search and locate the bank to see if they took over the property. If the bank does own the property then you can most likely get the property very cheap. After 6 years you would think the property would have gone to auction. 

I'm not an agent and I don't use the software that you are talking about. I'm new to REI and just finished my first 30 days as well. Had a few leads and am going through the same situation. All I can say is you are going to have to get a lot of "No's" to get that one "YES!" Just be consistent and don't give up. I've spent a lot of money on direct mail and I'm making calls everyday. DON'T get discouraged and take the advice from these professionals on BP. Find out what will work for you in your market and keep on being consistent and you will get that deal. I wish you the best of luck and hopefully you will close your first deal soon!!!

I'm in the San Diego market and am looking to purchase out of state as well. I've seen Memphis on some turnkey rental sites and it looks like a great place to invest.

Bob has a lot of debt, but a hot deal is a hot deal. With all the info collected from Bob are the numbers accurate? Selling the only 2 properties to go in to one deal and risking everything with no emergency fund is risky. If there is one misjudgment on repair Bob could be in a bad position.

I agree with @Scott Trench on when Bobs are ready. Sometimes getting all your ducks in a row before risking it all is a safe bet.

Welcome to BP! There is a lot to learn on this site. I recommend checking out the podcasts. That is how  I found BP was through the podcasts on youtube. My commute to work was an hour long so I'd listen to a podcast or 2 a day. A lot of great information on there. Research any topic and learn from investors who have knowledge in a topic you are interested in. That is how I got started and I LOVE real estate. Good Luck with your goals! 

@Sanjeev Advani Welcome to BP! I am also from Bakersfield and a Driller, class of 2003. Seems like forever ago. I'm in the San Diego market, but am looking at buying rentals in Bako. Also, if you or any of your agents have any expired listings and have sellers willing to do Seller Finance or Rent-To-Own situations let me know. I do pay for referrals on deals. Hope all is well and hopefully we can work together in the near future.

Welcome to BP. Wish you the best of luck with your future and you will learn a lot on BP. I know I have....

From what I've heard I believe you must live in the property for a minimum of 2 years with an FHA loan. With less than 5% down that is what I am assuming you will be going for. It's a great plan especially with multi family units. As far as turn key properties, what site are you using to find these properties? Just curious because I am also looking to start my out of state portfolio and most turn key rental sights are for SFR. If anyone knows of a good site that has multifamily turn key's I'd be interested in knowing about it. I look on redfin and zillow for multifamily currently.

@Yer Ly Wish you the best of luck! Moving every year would become a pain. Not a fan of moving. Even if it is every 2 years with multifamily you will be on a great path for future wealth!