All Forum Posts by: Chris Stach

Wholesales and short sales seem to be the common way to get a foot in the door. If you can find a great deal, you can hand it over to a rehabber or investor as a good deal and make your money off the spread. Check out the forums and articles on this site on them both for a wealth of information on exactly what to look for and what to do. Pay attention to the marketing forum as well.

You can also bird dog for some local investors to build up some cash in the interim.

Reinvest 100% of what you make and soon enough you should be able to do the rehabs yourself.

disclaimer: I haven't succeeded in doing this yet, takes time. But both my mentors went this route and they're doing very well for themselves now. Jon said people do it with little success, you aren't looking to hit it big with these techniques though, you're simply looking to build up some cash to do the bigger better more profitable things with.

Get it under contract, leave yourself an escape clause, then start doing an in depth analysis. If you spend to much time up front, someone else will snatch it up first.

Put down a deposit of $10 to make the contract binding, make it a check, and make him cash it.

Thanks for the welcome everyone.

Mike V, I feel right at home with the numbers and submitting paperwork, I'm positive my engineering background contributes to that greatly.

Will B, random googling, followed a link on some other site, and as luck would have it, found a goldmine of information!

I look forward to participating in the RE game and these forums.

Thank you,
Chris

Hey everyone, my name is Chris and I am from Kansas City, MO. Born and raised around the city, I have deep roots here and hopefully I can start my real estate business here.

I'm currently an engineer at a very large corporation. I like my job, but I dislike making other people large amounts of money and taking home only a small piece for myself, and real estate has always been interesting to me. About a year ago I started researching real estate investing, and fell into a paralysis by analysis situation. I'm moving past that now and am going to actively start investing. I plan on spending at least 20 hours a week working on my business, and my goal is to have done my first deal within 90 days.

I found this site about a week ago and I've already learned more from browsing these forums than I have from all the books, webinars, seminars, tapes, etc. I've spent the last year reading, watching, and listening too. Wish I would've found you guys a whole lot sooner!

Thank you,
Chris

"Janitor Function" or "Classroom" lock is what you want. Call a random local locksmith, locks that do this are pretty common, they'll know exactly what you need.

You could put a timer and a door position switch on the lock to make a sounder go off if it's open more than 20 seconds. This is something you often see on commercial high rises on exit doors to prevent people from propping them open.