All Forum Posts by: Brian Compton

@Account Closed yeah I use it for various things. One being the CL FSBO mentioned above. I agree it's a little wonky setting up, but it for sure works.

Just do a Google search or You Tube search on "how to setup IFTT" and I bet you could find plenty of video tutorial stuff to walk you through it.

Hey @Joshua Martin, kudos on taking so much action. That's awesome.

My 2 cents on calling FSBO, you definitely don't need to buy a list for that. Craigslist and Zillow have this for you right on the page.

Craigslist, you can search for "real estate - by owner" and call these folks directly. A nice trick that could put you ahead of your other local investors is to setup IFTTT (iftt.com). Setup a trigger for "motivated sellers" posts on Craigslist to send you an email notification when posted. So you'll automatically get an email when a local seller posts an ad. One word of caution is wholesalers that control properties post them on CL looking for buyers and use "motivated sellers" as tags so these will come up in your emails. You'll learn after looking at enough which are actual FSBO and which are wholesalers.

For Zillow, just go to Buy > FSBO and then under Listing Type only check FSBO. Use these header options to filter down what you want (pick your city, remove any condos, townhomes if you don't want them, etc). Then just go down the list and click on each and almost all FSBO are going to have their phone number on their page. Call them up and see what's what. The more motivated they are, the more they will want to tell you about their property for sale.

Hope this helps - best of luck man.

@Account Closed if you have your alerts setup on BP you should get notified when these events get posted. Add "Charlotte" and various other keyword alerts to notify you when relevant posts occur.

Also you can find a lot of local meetups on meetup.com. Here's one Curtis does that he referenced meets several times throughout the week ==> http://www.meetup.com/Hobby-Millionaire-Real-Estat...

If you join them on meetup.com, you'll get email notifications about when meetups are happening.

Hope that helps!

Welcome, @Erin Wilson! Which lead generation strategies are you planning to focus on for your Mooresville wholesale deals?

I'm new-ish (<6 months). If I can be of any assistance while you're getting started, please don't hesitate to reach out. Happy to help you if I can.

@Rita Brown meetup.com search for local groups to get plugged in somewhere. http://www.meetup.com/Hobby-Millionaire-Real-Estat... is a good one along with @Account Closed for new investors.

See you around at them!

@Kenya Teague thank you for the most refreshing newbie post I've seen on here in quite some time. Every day someone posts "hey I'm new, I want a mentor. Call me if interested." No one ever comments about bringing something else to the table. They just want someone to show them the way. I LOVE that you said you're willing to bring other knowledge to the deal.

That mindset alone is going to propel you ahead of 99% of everyone else that posts intros here and never does anything.

And, I've been to both the meetups that Curtis and Michael mentioned above. Both are excellent and you can't go wrong. I recommend both. Networking is the key to this business. Curtis' group meets pretty much every night in various locations around Charlotte and the one Michael mentioned (Matt R's) group meets every two weeks. You'll find tons on meetup.com that fit what you're looking for.

You rock. Have a great weekend!

Hey @Will Bennett and @Scott Ryne, I'm a wholesaler in those areas as well. I'm actually meeting my investor in a few hours in Mooresville for a beer(s) to talk business. Currently have properties under contract in 28269 and 28025. I'm new myself but if you guys have anything I can assist with, I'd be more than happy to share what I can.

Hope to talk soon fellas.

Hey @Adrienne Bryson, I would say contact a local attorney.

Here are my thoughts...

If you're just wholesaling, create a single wholesaling entity (LLC). You don't need to create one for each property. As a wholesaler, you never own the property itself. You own the purchase contract for a few weeks before you assign (sell) it to a buyer. You're not selling your LLC. For now, there's no need for more than one LLC. But definitely create one and do business within that so your personal assets are protected.

If and when you get into other investment strategies (buy and hold, for example), then you could branch out and get more complex with your asset protection. Again, don't take this as legal advice, but I think a series LLC is similar to a C-corp. Where you could create a C-corp to manage your LLCs and you own your various properties in your LLCs.

Remember that anything within a single LLC is open to lawsuit against that particular entity. So if you had 5 rentals all in the same price range, maybe you put those into the same LLC. Then if you have a 10 unit apartment complex, put that into its own LLC. If you put every single property into the same LLC, if someone comes after you for one, they could take them all. So that's where having multiple LLCs can provide that added layer of protection.

I hope that helps. And I hope that's accurate! That's my understanding of how it works.

Ah, can't make this one! Going to dinner for the wife's bday. Not sure I can convince her to come here instead, haha.

Catch you guys at the next one.

@Victoria Somerville, hi. What are you doing to generate / find your wholesale leads? Sure, there are more properties in Charlotte (and more competitive wholesalers), but you don't necessarily need to look there. There are still plenty of opportunities in Concord and Kannapolis. I just got a house under contract in Concord (28025) this week to wholesale and about to have another in Knapp (28081).

Just don't feel like Charlotte is your only option. Experiment with different lead generation strategies and then choose one that best fits what you can do (time vs money) and dominate it.

Best of luck!