All Forum Posts by: Ontwon Smith

The first thing for this business or ANY BUSINESS is that after you learn what a real deal is or looks like, you need leads so first order of business is MARKETING!. The type leads I'm referring to are sources like: Out of state owners, Expired listings and a few others that are pretty powerful that I rather not just give away in this post can be real money makers. However, what I mentioned is a start. List brokers like listsource.com and several others out there can provide out of state owners list for you to mail to. Expired listings can come from a local realtor that you offer to take to lunch or rather promise to give your houses for sale to, or refer business to, as a thank you. Again, there are other resources. There was one post that suggested that you join your local REI club. Great suggestion! It's a start and gets you around some people who are like minded which is great but use caution. Be sure to lean towards the folks who are actually closing deals! I say this because many are there to learn or have been seminar junkies for years in some of these clubs and are not or have never closed a deal. DON'T BE SNOOTY OR RUDE EVER BUT DON'T GET STUCK WITH THESE FOLKS!!! It's ok to be polite to the people are are always "looking" at houses but listen for people who have just left the title company or have a closing coming up that week or next week. That's who you want to start conversations with. By the way, a mentor is a great way to skip the learning curve and get to results a much quicker than not having someone to point the way and to tell you what pitfalls to avoid. Yes, I do mentor several students but that's not said for you to use me necessarily. It's a suggestion to implement for your own success with whoever you feel comfortable learning from and that can answer your questions on the spot when you have them. Instead of giving someone 4 or 5 long boring manuals to read, I encourage new people to be hands on and that's with marketing, negotiating paperwork and then closing the deal. Lastly, whoever you ultimately work with and whatever you do, just START!. If you dive in, learn to market effectively, learn the buying techniques that work in today's market, I can tell you this one thing: The Money Is Great! I didn't say quit your job but you'll find a lot of satisfaction that in addition to the health benefits your job may provide, it's really nice to get checks for 3, 5, 7, 9 to 10 grand just on the side for your efforts so yes, this business is definitely worth your time! It's important to know that you have to put the work in. It's not magic or rich overnight stuff but it does work if you target it properly. Also remember that there is more than one way to make money in this business as well. Once you learn it, you can't can't unlearn it so go for it! Jump on board wherever you feel comfortable and get started! P.P.S DON'T be one of those people who feel they can't start looking for deals until after they set up a corporation or LLC or waiting for business cards. This is nothing more than an excuse...It's perfectly fine to use your name for your first several deals.. I hope you found some of this information helpful.Don't hesitate to reach out if I can be of further assistance to you or anyone else reading this post. Talk soon.

By the way, perhaps I can also give you some tips to start your investment career on the inexpensive side if you're interested and serious. Let me know. 

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Rehabs can be fraught with peril for a newbie investor and generally not a great way to start the business. Most newbies will start with wholesaling and get to know the local rehabbers and contractor connections. Also OPM, (Other People's Money) is the best way to do rehabs. That being said, like the rest of us investors, it's training. (An experienced real estate investor will always acquire and /or flip properties with little to no money down). I too was not thrilled with the mundane 9-5 existence. Been there. Words can't express the excitement of looking at (and xeroxing before depositing) my first check from flipping a wholesale property. I'll never look back.  I'd recommend picking a few ways to learn and profit from real estate. I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish. I know, I was one of them who ordered this stuff and much more. People simple get bored too easily. In addition, they want and need answers to their questions in a timely manner, not some e-mail address to send to that will get back to them in 24 to 48 hours! Really? That just doesn't work and some just walk way. Back to the cubicle. When I made a decision to help others, I realized people wanted more doing than reading and quick answers to their questions. Also great to earn while you learn instead of waiting. Where ever you learn from *(it doesn't have to be me). The most important thing is to apply it. ..And the Good News- it's not Rocket Science. I can tell you that marketing is the single most important thing you can do and master as an investor. So it's Marketing, marketing and more marketing! if you want to know, it's the difference between guys & gals who make money and those who don't.

Great to start when you're young!

Like the rest of us investors, it's training. Words can't express the excitement of looking at (and xeroxing before depositing) my first check from flipping a property. I'll never look back. Not familiar with your term, "house hacking" but I'd recommend picking a few ways to learn and profit from real estate. I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish. I know, I was one of them who ordered this stuff and much more. People simple get bored too easily. In addition, they want and need answers to their questions in a timely manner, not some e-mail address to send to that will get back to them in 24 to 48 hours! Really? That just doesn't work and some just walk way. Back to the cubicle. When I made a decision to help others, I realized people wanted more doing than reading and quick answers to their questions. Also great to earn while you learn instead of waiting. Where ever you learn from *(it doesn't have to be me). The most important thing is to apply it. ..And the Good News- it's not Rocket Science. I can tell you that marketing is the single most important thing you can do and master as an investor. So it's Marketing, marketing and more marketing! if you want to know, it's the difference between guys & gals who make money and those who don't.

Try to avoid a new investor's mistake by going to then bank and qualify for investment loans, laying all of our assets on the line just to get the privilege of becoming a landlord. Not cool. Try technique that doesn't risk your credit and assets.

Like the rest of us investors, it's training. (An experienced real estate investor will always acquire and /or flip properties with little to no money down). I too was not thrilled with the mundane 9-5 existence. Been there. Words can't express the excitement of looking at (and xeroxing before depositing) my first check from flipping a property. I'll never look back. Not familiar with your term, "house hacking" but I'd recommend picking a few ways to learn and profit from real estate. I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish. I know, I was one of them who ordered this stuff and much more. People simple get bored too easily. In addition, they want and need answers to their questions in a timely manner, not some e-mail address to send to that will get back to them in 24 to 48 hours! Really? That just doesn't work and some just walk way. Back to the cubicle. When I made a decision to help others, I realized people wanted more doing than reading and quick answers to their questions. Also great to earn while you learn instead of waiting. Where ever you learn from *(it doesn't have to be me). The most important thing is to apply it. ..And the Good News- it's not Rocket Science. I can tell you that marketing is the single most important thing you can do and master as an investor. So it's Marketing, marketing and more marketing! if you want to know, it's the difference between guys & gals who make money and those who don't.

Like the rest of us investors, it's training. (An experienced real estate investor will always acquire and /or flip properties with little to no money down). Connected Investors can be a source for funding but learn other profit methods. I too was not thrilled with the mundane 9-5 existence. Been there. Words can't express the excitement of looking at (and xeroxing before depositing) my first check from flipping a property. I'll never look back. Not familiar with your term, "house hacking" but I'd recommend picking a few ways to learn and profit from real estate. I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish. I know, I was one of them who ordered this stuff and much more. People simple get bored too easily. In addition, they want and need answers to their questions in a timely manner, not some e-mail address to send to that will get back to them in 24 to 48 hours! Really? That just doesn't work and some just walk way. Back to the cubicle. When I made a decision to help others, I realized people wanted more doing than reading and quick answers to their questions. Also great to earn while you learn instead of waiting. Where ever you learn from *(it doesn't have to be me). The most important thing is to apply it. ..And the Good News- it's not Rocket Science. I can tell you that marketing is the single most important thing you can do and master as an investor. So it's Marketing, marketing and more marketing! if you want to know, it's the difference between guys & gals who make money and those who don't. I

Like the rest of us investors, it's training. (An experienced real estate investor will always acquire and /or flip properties with little to no money down). I too was not thrilled with the mundane 9-5 existence. Been there. Words can't express the excitement of looking at (and xeroxing before depositing) my first check from flipping a property. I'll never look back. Not familiar with your term, "house hacking" but I'd recommend picking a few ways to learn and profit from real estate. I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish. I know, I was one of them who ordered this stuff and much more. People simple get bored too easily. In addition, they want and need answers to their questions in a timely manner, not some e-mail address to send to that will get back to them in 24 to 48 hours! Really? That just doesn't work and some just walk way. Back to the cubicle. When I made a decision to help others, I realized people wanted more doing than reading and quick answers to their questions. Also great to earn while you learn instead of waiting. Where ever you learn from *(it doesn't have to be me). The most important thing is to apply it. ..And the Good News- it's not Rocket Science. I can tell you that marketing is the single most important thing you can do and master as an investor. So it's Marketing, marketing and more marketing! if you want to know, it's the difference between guys & gals who make money and those who don't.

Like the rest of us investors, it's training. I too was not thrilled with the mundane 9-5 existence. Been there. Words can't express the excitement of looking at (and xeroxing before depositing) my first check from flipping a property. I'll never look back. Not familiar with your term, "house hacking" but I'd recommend picking  a few ways to learn and profit from real estate.  I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish. I know, I was one of them who ordered this stuff and much more. People simple get bored too easily. In addition, they want and need answers to their questions in a timely manner, not some e-mail address to send to that will get back to them in 24 to 48 hours! Really? That just doesn't work and some just walk way. Back to the cubicle. When I made a decision to help others, I realized people wanted more doing than reading. Also great to earn while you learn instead of waiting. Just think- you're young and enthusiastic. A powerful combination, Use it. Profit from it. Energy & knowledge = $$$. Where ever you learn from *(it doesn't have to be me). The most important thing is to apply it. ..And the Good News- it's not Rocket Science. I can tell you that marketing is the single most important thing you can do and master as an investor. 

Like the rest of us investors, it's training. For wholesaling, look up the owners of fixer-uppers in the areas you want to invest in. If you see the property was purchased by such and such LLC, that's probably your cash buyer you can sell your properties too, hence making wholesaling alive and well in your area. Advertise on Craigslist and in the local paper that you buy houses. Most importantly, LEARN THE BIZ! LEARN HOW TO PROFIT ON DEALS OTHER THAN WHOLESALING. I too was not thrilled with the mundane 9-5 existence. Been there. Words can't express the excitement of looking at (and xeroxing before depositing) my first check from flipping a property. I'll never look back. I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish. I know, I was one of them who ordered this stuff and much more. People simple get bored too easily. In addition, they want and need answers to their questions in a timely manner, not some e-mail address to send to that will get back to them in 24 to 48 hours! Really? That just doesn't work and some just walk way. Back to the cubicle. When I made a decision to help others, I realized people wanted more doing than reading. Also great to earn while you learn instead of waiting. You're young and enthusiastic. A powerful combination, Use it. Profit from it. Energy & knowledge = $$$. Where ever you learn from *(it doesn't have to be me). The most important thing is to apply it. I can tell you that marketing is the single most important thing you can do and master as an investor.