All Forum Posts by: Gary Parker

I have worked this business without a license and with a license.  My opinion is get a license.  In my state there is language in the RE laws that not being licensed does not excuse you from following the law.  There are times when you can get a listing rather than purchase the house.  Many times a seller will not want to sell at a big enough discount to warrant a wholesale deal but will list the property.  i send a lot of letters, and I have never had an agent act as @Kirk Gore describes.   I would just nicely and calmly explain what I do.  I have received letters from investors on listings I have had and wouldnt use the time to call the person sending the letter.  They usually call and ask what I will pay.  @Brent Coombs is correct unless you just purchase yourself then resell.   Bottom line is get a license and learn how to use it to your advantage is my opinion.

Welcome!

Welcome!

http://utahreia.org/  http://slreia.com/  and there are others.  I have never been to utahreia but am going to try and go this Tuesday, as the meeting looks quite interesting and unique.  If you go let me know.  

@Richard Holbeck  I am very interested if you would like someone else to look at the property. 

Welcome @Barrett Anderson.  Hard money lenders are not that hard to find if the deal is good; however, you will need some of your own money in the deal.  Another way to move forward if you have no money would be to partner with someone.    And as mentioned reading Brandon's book would be a great idea.

Welcome JW.

@Frank Garcia  yes there are laws regarding contacting people in default, and you should learn those laws in your area before contacting people in default.  Having a license in my opinion helps.

When working full time I think the key might be to determine the best use of your time.   Hand writing letters is the least expensive, but it will be very hard to get out large numbers consistently.   I think if it were me starting new again, I would get my real estate license right away and door knock specific leads.  This way you can possibly earn some money with listing leads and learn the business form that angle.  The door knocking will teach you how to talk to people.  Learn what questions to ask and let them talk.  You can door knock pre foreclosure, track down owners of vacant homes, local absentee owners and so on.  Door knocking may not be the best way to scale a business, but it is a great way to get involved in the business.   If you DK pre foreclosure know the laws.

Try Garden Gate for carpet.   Just NE of I15 & 5300 S