All Forum Posts by: Louis Davis

@Anthony Rivas No matter if you are in your local market or in other markets, you need a team so that you are aren't playing all the roles in your company at once. Think of a large brokerage like Keller Williams. You don't see 1 broker traveling from state to state to do deals. They built a team and delegate tasks to them. But most importantly, you need to master 1 market at a time. You are focused on 6 very different markets which could pull you in all different directions and become very frustrating. Learn how to do a deal in 1 market so that you can take that training into the next 

@Blake Morton It all depends on the market and the type of buyer you have. Some might be looking for a buy and hold and others might be looking for a fix and flip. The key for me is to find out what the seller wants and to work that side. Once you have it at your lowest possible price, then lock it up and market the property out on here or any other platform like a Facebook market place. I buy in the Texas market so I am here if you need local help

@Yasir Einaudi Thank you for the shoutout. Yes we are holding an event next weekend at the Indigo. Go to the Facebook Group "El Paso #1 Real Estate Investing Network" for more details  

If you are working with a homeowner make it more about why they want to sell and not the money. If you are working with an agent or property that is on the MLS, focus on quick closing times and a seamless process. Meaning, you can close all cash with no inspections or contingencies.

But most of all, learn your market. Learn how much properties are worth fixed up and about the area. Learn your buyers. What ratio do they purchase properties? When you have all that, looking for properties becomes way easier cause now you can target what you want. 

@Mallikarjun Reddy Pateel the first thing I had to learn is that wholesale deals are not found, they are created. You have to learn the market, your buyer's price point as well as how to negotiate. 

What's up @David Aguilera and welcome to the world of investing. If you visit Facebook groups, there is one specfically for El Paso called El Paso #1 Real Estate Investing Network. They hold events on the 2nd Friday of each month. The next event will be May 14th. Get connected in that group and you will find everything you need in El Paso. 

@Alex Ibarra There nothing wrong with doing a Joint Venture with another investor if you don't have a deep enough buyers pool Agents do it all the time within their own brokerage in order to get the property more exposure. The main difference is, it's going to cut into you profits by almost half. 

@Ben Edgington You are searching for the wrong thing. Unless you have the cash, you wouldn't want to find a property that has "wholesale deals." These websites belong to wholesalers looking for cash buyers to take on the deals. What you want to look for is sellers that you can create a wholesale deal from. You can find sellers on zillow, craigslist and other FSBO websites. But wholesale deals are negotiated and created. There isn't a seller in this world that is saying that they are selling they're house at a discount. Good luck

@Samuel Gutierrez Since it's a private lender you can have an attorney write a promissory note for the loan. This has nothing to do with the title company unless you want the lender to go on the deed and on record as being a lender. The easiest way is to figure out the terms with the private party then put it in writing. Once the property is ready to be funded, the private party wires in the funds and you are on your way. Don't over think it.  

@Matthew M. The fact that you are asking means you are not ready to take on a big task like that. Not to mention not experienced. To answer your question directly, start one business and perfect it to the point where when you can step out the business still runs. Once that is done, then you can focus on other things on how to improve or enhance your business. Anything else is just you being an employee in multiple businesses.