All Forum Posts by: Amberle Farthing

Hey Warren welcome to BP! I'm a Realtor/investor out of Hampton Roads. The same kind of thing happened to me when I first started. Poor people with poor mindsets cautioned me but I did it anyway and never looked back. I've learned that you need to take risks in life to get to where you want to be. I no longer work for someone else and the only one that decides how much I get paid and how much I will retire with is ME. I no longer struggle getting out of bed going to work at a prison that sucks the energy and life out of you. I take CALCULATED risks every day and the rewards are something you never thought possible. Not many businesses you can make your entire salary in one deal. My advice to you is to 1) do a lot of research to narrow down what you want to focus on. 2) Find someone who is succeeding at doing what you want to do and learn from them. (Get a mentor, this had a hugeee impact on the growth of my business) 3) NETWORK the more people who know you and what you do the more money you make. We have a lot of different investor meetings over here. The popular ones are PREIA and TRIG. 4) Have fun and don't give up! If you work at it hard enough and get around people who know what their doing it will be very hard to fail! I wish you the best of luck on your real estate journey and if you need any advice or help with anything let me know. If I can't answer your question I have surrounded myself with a team that can. Have a good one!

Awesome @Michael Durand I am definitely interested in discussing further. Thank you for your response. 

Brandon L. No sir, I am looking for credit repair for my Tenant-Buyers.

Looking for a new mortgage broker in Hampton Roads who has experience in credit repair and/or lease-option deals. Any recommendations? We have a lot of clients waiting for you!

Welcome to BP Oliver! Here you will find a great community of entrepreneurs and nation wide investors that will be instrumental in your success as a newbie if you utilize this site correctly. I am also an investor out of Norfolk VA. If you have any questions feel free to message me! I will help anyway I can!

Hello Nicky! Welcome to Bigger Pockets. This site was definitely the source for my many questions when I got started. It's almost like having a bunch of virtual mentors ready to help when needed! 

I am a real estate investor out of Hampton Roads and got started in wholesale. It is an exit strategy that I will never abandon. 

I wish you the best of luck! If you have any questions feel free to message me. I've gotten a lot of help on here and I'm always willing to pay it forward!

Amberle

Those are great questions Chris!

Lets dive in. 

You can build your buyers list a variety of ways. The easiest way to find a buyer is to have the property already under contract. If the numbers are good enough you will have buyers fighting over your deals! As your friend said you can create classified ads on sites like craigslist. I have found very good buyers that way. You can also attend your local REI Group/Association. That is where I found the majority of my buyers. They are active investor constantly looking for good deals. Once you get some skin in the game you start forming favorites whether it be because they close the quickest or give you more on assignments. You will begin to take it to those loyal buyers first. If they aren't interested you can send email blasts as your friend does! The way to get around telling the 5 out of 6 investors to "take a hike" is to notify everyone that you sent a blast and for them to bring their best offers. They all know the game and know that Real Estate is about first come first serve, the best deal, and the relationship. They will understand, just don't make any promises to anyone and be completely forthcoming!

You definitely should be verbalizing to the seller that you will need access to the property so you are able to do your due diligence and make sure all your ducks are in a row. After I sign a contract with a seller I usually run up the street to Walmart to make a copy of the keys. I and the owners agree on a notification time (usually 2 or 3 hours heads up) that I can call them you are coming for whatever reason. This usually only happens when the home is owner or tenant occupied as opposed to vacant obviously.

After you find your buyer and assign the contract if you've built up enough rapport with the buyer (takes time) he/she will cut you the check right there and you don't have to go to closing! 

You should have a contract drawn up by a local INVESTOR FRIENDLY attorney. Get referrals for this at REIA. You should also be making your buyer drop enough $$$ in EMD or Assignment Fee where it will hurt him to lose it if he walks away (typically 5k). You should also have back up buyers that are aware they are back ups. Let them know you are under contract with this buyer but if it falls through then you have someone to fall back on without going through all that work again.

Hope this helped! Let me know if you have any other questions :) 

Welcome to BP! You will find a huge variety of free tools to help you as you go along. There is a ton of great information and amazing people who will answer questions you may have. 

You can also utilize it to build your power team. This site was a life saver in my beginning stages! 

Hello Mario! Welcome to BP! To find your power team members like hard money lenders and contractors go to your local REIA mingle with the investors there and ask them. The referrals I've gotten from mine have been outstanding!

I wish you the best of luck!

Thank you Christian this was a great help! I will be contacting them shortly.

As far as sign company here in va beach my sign company does all my marketing with bandit signs, flyers, postcards etc.