All Forum Posts by: Frank Eimiller

In regards to the original topic: May I suggest sending Fred Flintstone back to where he belongs? Someone who uses DSL is someone you don't need in your life/unit :)

I would meet with an adviser (either @Brandon Turner or @Joshua Dorkin) and major in "reaching out and learning" at BPU (Bigger Pockets University)

..Really though, all the information anyone could ever need is available on these forums and then some. Maybe getting a real estate license and working with a broker might be what you're looking for-- in which case reach out to a few brokers in your area and see what they say. 

Also, finding a mentor in your area might be all of the education you need! 

Good luck man and welcome to these forums!!

I hope this is nothing but true. I was born and raised in Florida and like it far more than Texas/California. 

Side note: The same should be said about Fond Du Lac, WI (within the article) be sure to book your 1-way plane  tickets everyone!! 

Also, in regards to the "meat" of that last post @Zachary Curry, I'm currently reading J Scott's book on how he estimates rehab cost and i'm doing research specifically on how experienced "rehabers" set budgets and create their SOW. Thanks for all of the help 

 You're the man Zach!!! Sorry for brushing you off yesterday-- I mentally responded but forgot to actually write back to you haha. If and when more questions pop mind do you mind if I inbox you? Thanks again 

I'm asking myself the same question with parts of my area. 250k duplex, 2k monthly rent total. How? 

 Awesome. Thanks for the advice. To be clear, I DON'T have a real estate license and am questioning the legality of that entire process. My intentions are to find deals for my investor friends in hopes of them partnering with me on a few projects-- because like you said, a small percentage of a deal is better than 100% of no deal 

I've been driving around the areas where people actually want to buy and live. I've found multiple distressed properties in these areas and want to know exactly how to proceed. I can mail to them and let them know that I (We-- the investors/myself?) specialize in buying as-is properties, etc, etc, etc..  After that I'm almost lost. After fielding the call-- do I ask to look at the property before throwing out any potential numbers? I want to be as efficient as possible as I plan to target a lot of properties in the mentioned area. 

Hello all and thanks for taking the time to read and possibly respond to my post

I'm interested in the process of driving for dollars and what it's actually supposed to look like. 

I understand the driving part-- but what about the "for dollars part?" 

What do you do AFTER you locate distressed properties and possible motivated sellers? 

Is the first course of action to look up the property information on your county's website? After that, how do you go about negotiating a property and making a cash offer on something you haven't seen (or would you try and get access to the home first?)

Sorry for the very vague questions-- i'm sure there's more information out there about specifically what i'm asking. Currently, I want to do SOMETHING so i'm going to scope out a deal and partner with 1 of numerous investors I've connected with in my area and driving for dollars is something I can immediately do. 

Please comment below if you have any experience "Driving for dollars" and/or if you know what the procedures are and what they look like

Thank you

Unit looks awesome! 

Figure out how you're going to finance those deals. Can you get another loan from whoever financed your first mortgage? Are you familiar with any portfolio lenders in your area? Family members want to make it rain cash on you? Talk to those people and then find a rockn` deal! 

In terms of what's the best--- private money seems to be the best, after that portfolio lenders can put together pretty good deals if you can convince them and get them the information/deal(s) they need