All Forum Posts by: Matt Cramer

You can use either. Plenty of people have used BP. Go through some of the wholesaling podcasts they have some great ways for getting the buyers lists and for finding motivated sellers. Keep track of the people with "WE BUY HOUSES" signs in the area you live in. They could be rehabbers or other wholesalers but you don't know until you ask. 

You can be your own agent. 

I registered mine via online. 

http://www.nolo.com/legal-encyclopedia/michigan-form-llc-31760.html

If you can dial in finding motivated sellers buyers will find you :D Not always but if you're active in your local rei groups. Otherwise dial in finding sellers and then find the appropriate buyer for those sellers. Buyers are the easy part. 

Depends how you learn. I received mine from an online course. Worked great for me. They had additional training quizzes and things to help you prepare and I passed the first time. 

@Wayne Brooks

On some websites (ie auction.com) they tell you if it is going to a live auction. If so sometimes the week before or a couple weeks leading up to the auction they have a number for you to call and get the lockbox code or a link to get it emailed to you. I was thinking the live auction some of these sites refer to was the sheriff sale however I haven't looked that closely. The one we just purchased was online auction and they gave the agent access.

Check with an agent to make sure you can't get in. We can get into some of the auction homes around this area and many people don't know about it. Many agents don't even know about it so check around and verify with even the bank if possible that you can't get in. Planning for the worst and hoping for the best is always a good way to proceed with unknowns.

@Bryan McCloskey

 Thanks for the insight. I was a little shocked to see the post go this long. So you used debt but you made it out of the bad times based on your cash reserves.

The theme I am picking up is that cash is king, whether you use it to by the property or whether it's used as a backup to your mortgage. 

As an agent I market FSBO and Expired listings via phone. It's about a 1/40 turns to an GOOD appointment, 1/2 appointments turns to a listing. 3/4 listings are selling. The ratios get better as you do so to be a more successful agent pickup the phone more. Anyways, who do you call to find motivated sellers of properties for investing and where do you get their numbers? I want to put this into play with investment properties.

I've seen many people mention goals around $5k a month passive income. So How would you go from $0 to $5k a month if you had to do it in a year? How much would it cost you? Is it risky or safer? Also please answer do you currently have passive income at all yes or no?

I'm interested in hearing the ways you could do this how little or how expensive it would be and if you would be risking everything or playing it safe?

Ready? GO!