All Forum Posts by: Adam S.

@Alex Farber

A number of people have said go with the strategy you are trying to implement. I agree with that approach. Don’t take on too much. Find a path. It might not be your path ultimately. Getting started is the key. You can’t go wrong with either of the books you listed though.

@Tony R Fox

Seek out potential investors through local meetups. Find the deals and get them to invest.

@Brooke Landes

Start building your team! RE agent, property manager, contractor/handyperson, lenders. A good RE agent can help with the other parts. Check your local REIA to see who understands investors. You might find references for other people too.

@Brenda Stephens

Find a realtor in that area. It won’t cost you anything, and you can build a relationship with them. Give them your criteria and let them work. Look for financing options as well. The realtor may help there too. It’s best to know what’s available instead of assuming. You’d be surprised what you might find.

@Donald Roy Scott

Think of it as investing out of state. Someone’s going to need to look at the property for you so you want to trust that person. If you’re going to do a lot of these deals, you’ll want to build a relationship with that person. Paying a realtor a commission for doing that legwork should just be part of your analysis. That person can also take care of your paperwork. Build your team for this to work successfully.

Also, I don’t know if you are flipping or holding. The realtor can help on the flipping side as well. Good luck on landing those deals.

@Hai Wei Wang

Refi and lock in a longer-term lower interest rate. Use the money to buy another property.

@Zebiniso Nancy Rashidova

If you’re still looking for turnkey properties and don’t want an inspection on the contract, consider paying an inspector/GC to come to view a property with you. It may not be an “inspection” in the traditional sense, but they can point possible areas of concern. If I’m thinking about a property, I bring someone and pay them for their time. Agents get their payment at closing but inspectors/GCs can get something for coming out.

@Tony Warren

Finding your niche is personal. For me, I was listening to several podcasts, including BP, when I started thinking about my local market. The COL is low here, and I was familiar with some areas of town. The spark hit when I ran some numbers using BP calculators and discovered what CF I could get on some properties. I’ve heard others talk about that it’s not what you decide that will increase your wealth; it’s that you decide. What lights your spark? Just start there. Just like a fire, it starts with some kindling and grows from there. 

@Joe Mathew

What are you looking to invest in?

@Rob Bergeron

Thanks for the info. I try to catch your posts. Definitely hard to find good MFH in the area. Keep up the good work.