All Forum Posts by: Dustin Stone

I am new so I have no idea of this would be a good deal or not.

I came across a property and met the owner. 4.5 acre lot. On one end of the lot is a 2300 sqf home that needs a full rehab (basement unsure if finished or not) and a solid oak barn (would be a good way to reclaim some quality wood). Property still has 250k mortgage on it, but it could be developed into something with more homes to it. He had the location surveyed and as it currently lays it could work in 4 homes (including the one that is already on the property). He wants 270k for the property.

I am reaching out to buyers and not sure if I should work a contract. I was thinking a sub2 would work and then transfering the sub2 to someone that has money or someone to partner. I just have no experience so I thought I would see what others think.

Surrounding area has some brand new sub division homes and is a decent but not amazing school district. (ratings of around 7/10).

I appreciate all of your feedback.

@John K.

Thanks for the reply. I was thinking about doing some driving for dollars. I have ample time in the evenings after work to do whatever is necessary and my wife is in my corner so she will be taking care of the kids while I focus on growing. I am in Cumming, GA which depending on traffic is about 45min north of Atlanta. Though I have always been a horrible lets drive random routes and locations in the past so I never learned a lot about the different areas that might be good hubs in my area. So their will be a growth period on this one.

I have also reached out to my mail carrier to let me know of any vacancies she knows of and offered a finders fee if I close on any. I will try and talk to her today to see if she received the letter in my mailbox (had to do it this way since I don't always get a chance to see her).

Hello everyone,

I am new to BiggerPockets and to the investing world. I have a W-2 job (starting next week) so this makes it difficult to generate good leads outside of buying lists.

My general plan of action is to try and wholesale until I have enough funds to work with on the larger investment strategies. I would like to fix&flip and fix&hold as my primary strategy with the potential of subject to to try and get a home with no money or small amount down. This will require funds first so I figured generated some with wholesaling first will be my best strategy.

Thanks