All Forum Posts by: Jeremy T.

I don't know...it's pretty easy to separate the wheat from the chaff here on BP.  Having a picture (ANY picture) and taking 15 minutes to fill out your profile is a good start.

Unfortunately I'm the kind of learner who needs to make mistakes in order to progress so I anticipate a few doozies myself.

That's a lot of paper man.  

My money is on this never happening again.  I recommend printing out that picture and placing it somewhere prominent.

Some pretty remarkable generosity going on in this thread as well.

Best of luck @Phil B. 

@Matt Ellis 

I imagine having (or knowing someone who has) access to the MLS can provide you with this kind of information very easily.

Michael Q posted an amazingly thorough cold call script just yesterday in another thread about this.  It seems like it could be a good source of leads if you are willing to work for them.  

Of course you are probably going to run into a bunch of delusional sellers who are hasty to blame everything but their asking price for why their house isn't sold...so that may lead to some interesting conversations.

I'll sum it up for you: greed, laziness, ignorance, and greed with a little greed thrown in for good measure.  That guy on the late-night teevee told me that "wholesaling using NONE OF MY OWN MONEY!?!" is a fool-proof (irony alert) way to get into the real estate investing "game".  

What the hell do I know, but I think that the acquisition of property at a substantial discount that very very few people have access to is the most difficult yet most essential part to building a sustainable real estate business.  Most of these bozos just want a 5k+ check.  

I am looking at it (property acquisition via direct marketing) as the foundation upon which (if successful) I can grow my business.

To what extent is probate information/data/etc a matter of public record? Meaning, if I were to  go to the county office where this information is recorded, could I determine if there is real estate associated with a little digging, schmoozing, and playing dumb? 

@Rick H. once you compile this information, could you purchase a list that would allow you to cross-reference that data against foreclosures or %equity, ala no.5 in your post?

As someone who wants to get into this line of work and has taken to the likes of Sharon Vornholt, Jerry Puckett, Michael Q., Dev Horn, Rick the Probate Guy, etc for virtual mentorship (whether they know it or not...heh), this kind of news makes me feel pretty damn good about how my gameplan compares to that of the competition.

Employing the kind of tactics stated by the OP is akin to going to Tijuana for plastic surgery because it's cheaper...bad idea.

The consensus seems to be that this is a strategy taught by a "guru"...wait, someone charges money to provide this kind of advice?  Considering the education I get for free every day here on BP, that's preposterous.

How about a diversified portfolio of REIT's?

All of the excitement of owning real estate without any of the headaches that go with owning real estate!  

Incredibly liquid and transaction costs are minuscule compared to what 85 houses will generate (lol).  Depending on the modesty of lifestyle, the majority of dividends can be reinvested in the "business".

The potential for growth is tremendous.

That's what I would do with 3M dedicated to real estate investment if I had limited/zero experience with real estate/property management.

Why complicate matters?  

It's a partnership.  A team.  

If everyone does their job, 50% will suit each person just fine.

Why not try to combine B and C?  

Act as a wholesaler and look to find a cash buyer who wants to rehab and flip the house.  In the process of negotiation, let them know that you are interested in getting into rehabbing and flipping and see if they would be willing to partner with you on this job to show you the ropes (profit splits will obviously be skewed toward the investor).  

You get to bank some coin, get a 'free' education, and if you come across similar deals in the future that you want to wholesale or partner, you have someone who knows you and can trust you are bringing them a good deal.

@Richard C. Heh, I'm an engineer, so $400 and a few hours to gain licensure is kind of laughable. Hell, it's worth it for the MLS access alone.