All Forum Posts by: Jayden Woodrow

Hey! I’m a wanna be real estate investor but don’t have the capital to start that pursuit.  I’ve started a painting business to help get me started towards my goals. I’m currently working on ways to get to know and work with real estate agents in my area and seeing as how this is a forum of said personnel I was hoping to pick afew of your brains.  What would be the best way to start building relationships with people in your trade? 

I guess saying “sell yourself” was poor phrasing but never the less @Will Fraser thank ya for the insight! And @Steve Smith I had the understanding an investor is still my business partner. I’m the ground work and they are the funds. (In other words it’s my job to make sure everyone gets in and out of the deal with money in their pockets and not in “unexpected mishaps.” cause if ya get the #s right in the first place there shouldn’t be any reason for something to take ya off track) Although you mention having experience is a leg up, but as a man who works as a welder fabricator/ plumber I obviously have none other than the research I’ve been doing independently for the last 6 months. Do you or anyone else know of a way for someone like me to get their foot in the door to gain that experience? 

What do you look for when looking for a business partner? (Specific to my case how do you find and sell yourself to private money lenders?) 

So from my understanding the name of the game is as such 

1) drive for dollars (locate a house that’s beat up or obviously vacant/poorly attended) 

2)make an offer(get in contact with said potential seller and talk them into selling at a discount) [house is ARV for 136k but needs 45-50k in rehab, make cash offer for 30k and lock it up into a contract for $100-$500 down] leaving my personal investment at the current moment $500

3) call companies that buy houses at a discount (look up local “flippers” and offer them the said contract for the house by offering up the potential in said property [Talk about how they could turn it into a rental and make the money back or how they could renovate it and basically do the brrr method] for a total of $50k giving me the total profit of $10-20k if this was a wholesaling effort after negotiating is said and done... am I on the right path? 

Or if this was a way for me to replace my job what I'd do is find a private investor for the down Payment. Assume responsibility for the rehab and getting the property after rehab as close to the ARV (if not higher) as possible. Giving the investor the returned capital at the sale (since they took the financial responsibility in the beginning makes sense for them to get the big chunk of money when their investment is said and done with) and I'd pay myself a salary through the loan as supplemental pay for being the "project manager"? Am I right or not someone please let me know if I'm making any sense! I'm the only person in my friend group who reads