All Forum Posts by: Bryant Tumbelekis

Welcome to the Bigger Pockets community! Fayetteville is a hotbed for REI. @Alexander Felice led the way in getting this hidden gem out to the community. It is now a pretty competitive market, but with patience and persistence, you will find opportunity! Wish you the best of luck. There's plenty of events to plug into and experienced investors, teams, and agents. 

Self Directed IRA... Basically you can use your IRA for REI. Pretty awesome strategy. Welcome to the Fayetteville investment market. It has been incredibly competitive here. The barrier for entry has been slowly creeping upwards this year and delayed financing is your best bet to get into the game.

Welcome to the Fayetteville market! Plenty of great people in this market that are willing to share their knowledge with you.

Welcome to the BP community, David! Now you have me wondering how many homes you may have appraised for me. Glad to see that you are getting into the REI game with the plethora of knowledge you have to offer. Would love to connect and grab coffee sometime soon!

Once again, welcome! Be sure to utilize the resources your Pro Membership offers.

@Steven N.

I've probably done about 15 of these this year and I would say these results are pretty typical for my delayed financing clients. We are leaving 20-25% in equity in the home and getting all of our money back to rinse and repeat. The only thing that I would say fluctuates is the cash flow. 

This one was a lot of fun. It's always a pleasure to work with you, @Dan Falcon! Looking forward to seeing some more of our success stories on here in the near future.

Congratulations Nathan! Keep 'em coming. 

It's all about finding the best option for your situation. A lot of people started this way. If you are confident in your numbers you can make it work. Ultimately, your numbers have to be the deciding force with all of your investment decisions. 

Hi Kim,

You need to sign up through some of the popular REO/VA Foreclosure websites as a registered agent. Once you do that, each site is different and requires different criteria and/or certifications. Generally speaking, before you will "land" these listings, you may have to do some BPO's (Broker Price Opinion's).

Once you establish yourself through BPO's they will eventually throw you a bone or two. Keep in mind that many of the agents that do REO's have been doing them for a very long time. So it can be a tough thing to break into. If you can, try and find someone in your market or a surrounding one to give you a walkthrough.