All Forum Posts by: Jonathan R.

Going to school can qualify for a hardship with most/many 401k providers. If your tenant wants it badly enough see if he can enroll back in college. Many employers reimburse tuition even.

I would suggest finding a family member or friend to bring 30k to the table and you bring your 11k and go buy one in cash. I started out with very little money and have done cash deals pretty much solely. You can always get a mortgage on it later. 50% of something is better than 100% of nothing. Find a partner.

I originally was pointed in the direction of a Facebook group by my realtor. I have since found a couple more by just searching for groups on Facebook. I have networked with wholesalers by going to meetups and finding them and giving them my email address. I also own rentals so anytime someone reaches out to me to buy one I let them know I’m not interested in selling but please add me to your buyers list, and I give them my email. You can also call bandit signs you see around town and ask to be added to their buyers list, and provide them your email. Basically, you want to be on as many wholesalers’ email lists as you can. Happy hunting the off market, the mls is overpriced. It’s worth the time.

To find off market deals you need to be networking with other investors and wholesalers. You know all those annoying bandit signs you see that say, “I buy Houses for Cash” etc? Why not try calling the phone numbers on those signs and see if they have properties off market to sell you. If they don’t, give them your email address for when they do. Also, go to real estate meetups and introduce yourself at the meeting and let the group know what you are looking for. Run a Google search to find meetings in your area. You need to get on every wholesale list you can by providing the wholesalers your email address. They’ll send you deals as they come up; they want your email address as badly as you want to see their off market deals, win win don’t be shy. There are likely Facebook groups you can join that focus on wholesaling, join them (there are two or three in my area) and make a post requesting to be added to the wholesalers that are in the group’s buyer’s list. Search Facebook groups that have the name “wholesale” in the title of the group. 

@Hunter Beier Welcome to BP. I have owned all of those investments you mentioned, because I too believe in physical assets. As I caught the real estate bug I sold off all of those other assets in favor of cashflowing real estate to reach toward financial independence. Though I will say if I ever have difficulty deploying capital into real estate, I love all of those assets you mentioned (except stocks for the most part).

@Joseph Hamer You want to get on as many wholesalers’ buyers lists as you can. Networking is important, reaching out to wholesalers. Generally speaking, wholesalers want to add you to their network of buyers just as badly as you want to see off market deals. A strategy I’ve used to get off market deals is to let my property taxes get a year in arrears on a cheap property I own outright and when people reach out to inquire about buying the property because they think it might be distressed, I tell them I’m not a seller but can you please add me to your buyers list? I then give them my email address and they email me off market deals. You could also call the numbers on the bandit signs you see around town offering to buy houses for fast cash and ask them to add you to their list. There are a few local wholesale Facebook groups I’d suggest joining. Also, go to real estate meetups in town. Investors like to take their off market deals there. You can also get with other investors and see what lists they are on and email those wholesalers requesting they add you.

Pm sent

There is one on the third Saturday of the month every month 6pm-8pm. I’ll be presenting at that meeting on the 20th of March. It’ll be fun.

@Nate LaBlance There are two meetups in town that each meet once a month. I am speaking at one of them on the 20th of the March. They are easy to find online if you go to meetup.com or search Wichita Area Real Estate Meetups, something to that affect. You’ll find both.

@Dylan Fellows Welcome to the Bigger Pockets forums. We have one of the best real estate markets in the country in my biased opinion. :) Prices are overall very low compared to other areas and our job market and growth is positive. 
I wouldn’t know how to advise on College Hill or nice areas of town; while I live in the burbs, I invest mainly at the moment in middle to lower class areas for cashflow. You should consider going to a meet up in town. There are two investor groups in town that each meet once a month.