All Forum Posts by: Josh VanAusdale

Hello everyone,

Seeking opinions on initial entry into the real estate market. I’ve been researching the past 6 months or so and I feel like I’m ready to make an attempt. I wanted to get an opinion from anyone who would be willing to offer one. I’m looking for houses in the 35k to 50k range to be used for a rental because I currently will be able to cover the 20% down in that price range. Anything higher is out of my range right now. Some of the properties I found do have tenants in the building, although they are month to month. I’m looking to get my foot in the door at this point as I work full time and then eventually want to progress into adding more properties.

I guess my question would be is if this would be a good strategy for starting out kind of slow? Would I be able to quickly parlay equity from an initial property into a second one or will that be a bit time consuming? Also, what is anyone’s opinion about a land contract? Is that an option when down payment funds are not huge? I’m okay on the credit side but slightly limited on the 20% down payment end. That’s why I ask.

Any advice or pointers would be greatly appreciated.

Thank you both very much for all of this great information!  I certainly appreciate it.  This will enable me to get started towards my goals.  

Hello,

I’m just starting out in the wholesaling space in the Columbus, Ohio area. I’m currently reading, learning, and researching. I had a couple questions that came up and I was hoping for some insight if anyone had some time.

My questions are as follows:

Once I get my mailers together, before I send out should I buy a separate PO Box to have the responses sent there?

Should I get a second phone line for responses?

What are the next steps if I get someone calling me to sell?

What forms do I need to have them sign and where do I get them?

How do I know that I’m guaranteed a flipper will buy?

I currently have a mentor I’m working with but they won’t be able to buy everything. They will be able to put me in touch with other buyers, however.

Do I give the cash buyer a heads up on the deal before paperwork is signed so I know that I’m covered?

Also historically, what has been the best experience for any of you in regards to finding leads/deals? For starters, I was planning on utilizing sites like ListSource.com and using direct mail per what had been mentioned on the ultimate beginner’s guide on this site. I wanted to see if that would be good first steps and then go from there.

Any additional tips/tricks for a newbie would be certainly appreciated. My goal is to get a check list together of things that I need to complete to get closer to my short term goal of starting to market. This way I can execute step by step and get some progress going as I continue to work my full time job for the time being.

Thanks for any information!

Josh