All Forum Posts by: Steven Cook

I am just starting out with the door knocking strategy. For those of you out there who have practiced door knocking, what are three things that you would love to share with someone who is just beginning ?

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San Diego, California

Quote from @Jonathan Hankins:

God bless you buddy :) Yes, I have door knocked a lot. My parents were Jehovah's Witnesses (I'm not joking) so I got started long before anyone was paying me to be out there. For real estate, I did a lot of knocking in Las Vegas in about 2013 - 2014 when I was a Realtor.

If you do it for a week, you will learn more than I could write here in several pages - so I will skip to the part I think is important.

I DON'T think it is a great way to find wholesale properties, and I think you will find that out for yourself quickly. I DO think it is the most underutilized way to find real estate listings though. If you are willing to door knock, I think you can do extremely well with a RE license. Knock doors, offer home price evaluations, and get listings. Then scale that out with a team of buyers agents. If you don't want to get a license, then make sure you partner with a good local Realtor to get paid referral fees. The people that you talk to who want to sell, are going to want top dollar. It is good if you can use that objection to your advantage and refer them directly to someone who will pay you for your work. If they then decide that bringing the home to market is too much work - your offer will look like a good option.

Good luck out there!

Thanks Jonathan!

I really like that idea at the end about the referral fees and being the backup option for them if listing it gets to be too much.

I don’t have my license right now since I’m going to be practicing wholesaling, but if it doesn’t work out and I do become licensed I will indeed continue door knocking!

Thanks for taking the time to respond. It was so helpful!

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San Diego, California

Hello All!

I'm totally new to REI and have only just been looking into it for the past 6 days. I've listed to a couple podcasts and have done only about 10-15 hours of online research, so I don't know much. I'm living in China, but home is San Diego County, California. I'd like to start making the move into REIs through the avenue of Single Family Homes ranging from $50k-100k and renting them out. My goal: Cash Flow. I have a couple connections in San Diego, however, I'd prefer to invest outside of California in a city that has shown an increase in population growth over the past couple years and also leans on the landlord friendly side.

I understand how difficult the process will be when investing from afar, however, I recognize that there are fewer differences between investing in say, Arkansas, from California, than investing in the same home from China. One of my greatest barriers to entry into the market is having a good team on the ground helping things take off and continue moving forward smoothly.

I'm not sure when I'll be living back in the States and I don't want to sit on a pile of savings while depreciation occurs in the mean time. I'd rather put that money to work with the hopes of using the cash flow to invest in more properties down the line.

I have many questions, but I suppose a great question to start with is this: Knowing what you know, if you were in my position, is this an avenue you would venture or would you choose a different path?

Thanks for your time!

- Steven

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Hi Matt! I'm an expat living abroad in China and am looking for some forums that have some good information on investing in the US while remaining an expat. How has your search gone. In the past couple years have you been able to close on any deals?

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All Forum Posts by: Steven Cook

Steven Cook has started 2 posts and replied 4 times.

Post: Door Knocking Tips and Tricks

Post: Door Knocking Tax Delinquent Property and Wholesaling

Post: US Citizen Expat living abroad, looking for a REI in the US

Post: US Expat Investing in US Real Estate