All Forum Posts by: David Martinez

@Rob Chang

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@Patrick Donovan I think that is a good idea. Just tweak your strategy over time, and stay with it. I believe it will pay off for you.

Recently, I have started messaging Rentals and FSBOs on Facebook. I have found that when I have a buyer looking in that area, I call any FSBOs that are close to what my buyer is looking for and try to set an appointment. That gives me a specific reason for contacting them, shows that I can procure a buyer, and builds a rapport with the seller, making it easier to offer my services. I have gotten a sale listing and a rental listing this month from that.

Good luck, and I am interested in knowing how your strategy plays out over time!

@Morgan Granger Congrats on getting your license! I was in a similar position when I got my license in January. It was a slow start with learning everything and trying to build some sales and listings without a large sphere, but I think the number one thing is to not quit too early. I have heard a lot of stories of realtors quitting when they don’t see quick results.

I think the experience you gain will show you where to spend your time finding leads, and nurturing serious future leads. I am still learning a lot but better focus of where my time is spent, especially while working another job, has made my business go up. Feel free to reach out if you have any other questions, and good luck!

Welcome Tyrell, I know Middletown area well. Are you looking to do rentals over there? I wish you luck with your first deal!

@Sam Besong, while I am not an experienced wholesaler I will say it is a great success that you have even made the amount of steps forward that you have. Most prospective wholesalers never get past reading articles, and there is nothing wrong with “failing forward”. You won’t know everytiing, and all the mistakes you make now mold you for the future, things you will never learn from the forums and articles. So kudos for your diligence. I would narrow my criteria, are you going to target pre-foreclosures with high equity, absentee owners, probate, tax delinquent owners, as in any business system there is a chain of steps, and if you aren’t getting you’re desired outcome, work your back in the chain. I would imagine it may have to do either with the wording of you’re your marketing, or just hitting your source of leads harder. Once you have your criteria narrowed, start your marketing and if it doesn’t produce then double the amount you send out a week for 6 months. If that’s doesn’t work, it’s  not a a fail all. You have just succeeded at finding a strategy that doesn’t suit your area. You can then keep focusing your marketing strategy to build your well oiled machine!

@Sam Kwak great post! I think many read about getting into real estate and only focus on the positive side and how great everything can be. Getting down to the real life possibilities really helps ground you and prepares you for issues that may arise as an investor. Also for those rehabbing and managing their own properties.

@Alex Kouvatsos what are the size of the apartments? Also, needing renovation are you sure that it will pass FHA standards? I have also looked at quite a number of houses needing renovation in Middletown, and none that would pass FHA standards. I know the area has nice rents for fixer upper homes, $1300/mo for a decent 3br is not uncommon.

@Bob Manning Welcome to BP! Good luck with your new venture into RE investing. I travel down to Mantoloking all the time, and have been around Long Branch and Asbury Park quite a bit. Does you’re area’s population dip significantly after the summer?

@Patrick Flanagan Welcome to BP! I went to LaGuardia in LIC not too far from you. I like Astoria a lot, but definitely too expensive of a market for me as well. Good luck with your RE goals in the upcoming future.