All Forum Posts by: Gerardo Dominguez

I don't know about common but it's definitely possible.  However, you need to make sure your numbers are right.  I personally wouldn't feel comfortable calculating the repair costs without looking at the property myself.  But yeah, you could technically do everything without meeting face to face.

@Billy Bell the website that @Joshua Swanger mentioned is shown below.  Along with the page from craigslist that explains how to use advanced searches.  The IFTT recipes only allow you to use one search at a time.  So you either need to create a separate recipe for each keyword you want to look for, or create an "advanced" search that encompasses multiple keywords.  It definitely takes some tweaking so keep playing around with it until you get the results you'd like.  Otherwise, look around youtube for a video from some wholesaler that explains the process and sells his searches for ~$100.  I'm cheap so I'd rather figure out how to do it for free :)

Good luck!

https://ifttt.com/craigslist/recipes

http://www.craigslist.org/about/help/search

Welcome to the BP community @Tristan Pearrow!

@Kyle Jorgensen I've met most of the investors I know thus far by going to meetups and from BP; mostly from the REIA meetings. I also know an REI that's a friend of a friend that I met offline. I never even thought of looking on craigslist. What do you mean by "I've looked in to..."; have you not actually attended a meeting yet? Have you not had any luck meeting investors?

Ultimately,  their number doesn't matter anyway.   If they say they want $1M but their property is only worth $100k... Are you going to meet them halfway? 

Get whatever other info you need. Run the same exact analysis you run otherwise, based on the ARV and not the seller price. If anything this just gives more of a reason to come in at a lower price. The only reason they have for not giving you a number is either they honestly don't know or they're trying to haggle. It's only fair they negotiate too, right? Just make sure you know your MAO before you throw out any numbers.

@Andrew Holmes a lot of great information here. Thanks for posting. How do you find the vacancy rates in a certain area?

Either way, Congrats on taking your first steps and Good luck @Robbie Knecht!

Definitely work on fixing your credit because that's something you'll need eventually to help you get more loans/ better rates in the future. I would suggest you focus on looking for a mentor. Since you don't have a lot of money saved up, and low/bad credit, then you're going to have a harder time buying a property on your own. If you find a good deal try to turn it into a JV with a mentor so they can show you the ropes; learn by doing.

 welcome to BP and Good luck! 

list source is probably the most popular one.   I also tried proagent247.  Never tried melissadata,  but that's another one.  Good luck!