All Forum Posts by: Khary Reynolds

Definitely not the greatest. I used them about 7 years ago and they were not worth the money. If I were you, I would get From Credit Repair to Credit Millionaire by Donna Fox and do it yourself.

Just to put in my 2 cents. MyHouseDeals is a good service. I have found numerous deals on the DC section of the site over the last 3+ years and more importantly, the staff has always been helpful in answering any questions that I may have had. Good stuff.

Don,

"Priciples of Real Estate Syndication" by Samuel Freshman is a GREAT book.

Another way to find good titles is to go to the Library of Congress website and search for books about Real Estate Syndication. There are a bunch of them. Then go to Amazon and eBay and you can generally pick up a few of these titles for a couple of bucks.

Personally, I like reading out of print books because most of the information they contain serve as the foundation for the way things are done today.

Just be careful with the books that were published before 1986 as it relates to Tax benefits.

Some titles I have read are:

How to Put Together a Real Estate Syndicate or Joint Venture by Daniel S. Berman

How to Play the New Real Estate Syndication Game by Richard R. Solem and Roger J. McClure

Limited Liability Company for Group Investments by Fred Crane

I have a few more, but I honestly don't feel like going to dig them up! LOL!

PM me if you want or need more titles. Hope this helps.

A quick and easy way is to connect with investors on Facebook and meet-up.com. You can generally find a group of investors in your area, so just start connecting with them and see if they are buying houses.

I would say that you would have to test for yourself. I know people who have had great success with bandit signs. I have not had much success with bandit signs. I am a direct mail marketer myself.

As far as direct mail campaigns are concerned, you could purchase a list or non-owner occupied properties, or pre-foreclosure leads and send them a letter or postcard letting them know that you are interested in purchasing their property.

Just keep it simple. I saw your property at 123 Main St. and I am interested in buying it. Are you ready to sell? Or something of that nature. For me, simple messages have always gotten me a better response than more polished sales copy.

Michael,

Marketing is definitely a major component of your wholesaling business. The majority of my sellers leads come from direct mail campaigns and I only build my buyers list online. I would say that I think professionalism and follow-up is the most aspect of your business.

Positioning yourself as a professional real estate investment firm as opposed to a guy who bought the latest real estate guru information product and following up with leads will earn you more trust and deals than marketing by itself could ever produce.

Hope that makes sense.

Lee,

I would say the easiest way to build a buyers list is through

1.) Placing ads on Craigslist consistently. You can generally get a few people per day to sign up to your email list. Not everyone will be serious buyers, but you will find some serious investors.

2.) Get on Facebook, Linkedin, and Meetup.com and start connecting with people. These sites generally have groups that are Real Estate specific and location specific. So you can generally find a group of real estate investors in your city. Also, with meetup.com groups you can send emails to the list-serve, so when you get a deal you can blast it out to the entire meet-up group, and you can sign up for numerous meet-up groups.

Hope this helps.

Hi Lisa,

You should definitely fire your buyer's agent if they are not acting in your best interest, as this seems to be the case. You might also want to call the agent's broker and inform them that your agent is unwilling to submit your offer.

You could go directly to the listing agent and submit your offer directly through them but since they represent the seller's best interest and not your best interest, you need to make sure your are comfortable reading and interpreting all of the clauses and addendums of the contract because the listing agent is not going to look after your interests.

I would suggest finding another agent who specializes in dealing with real estate investors. They will understand what you are trying to accomplish and will work with you. It would be even better if you find a Realtor that invests in real estate themselves as this might help to increase your local network.

Hope this helps.