All Forum Posts by: Mary K.

@Russell Brazil wise words. What is your current strategy for finding properties in the DMV?

@Kyle Jones Thanks! I will look him up

@Christophe D. - Investing in smaller/cheaper areas is a great idea. Earlier in the year, I started compiling data on other markets-> landlord friendly, population increase, economy expanding and diversified etc. I also read a book by @David Greene about investing long distance and was really getting excited- I even made a 3 day site trip out to Richmond, VA as a test run.

I started typing out a really long reply - to keep it short - it's fear that is stopping me from looking elsewhere. I am afraid of making a mistake and wiping out. 

@Greg Dickerson

Thanks for the reply!

I am embarrassed to say I have not submitted any offers.

My current game plan is:

1 Identify a property that looks somewhat decent based on my preliminary numbers

2. A If it is a SFH- pay for a bid from a GC or other contractor if the rehab is just cosmetic (I have GC lined up for this).

2. B. If it is a condo or townhouse- I can come up with those repair costs from experience with my 2 condos in the area.

3 depending on property type, submit offer with financing from HML or traditional bank.

Should I be doing this the other way around?

@Christopher Sparacino thank you so much! I will check it out.

@Christopher Sparacino thanks for the reply. I posted my criteria all over Facebook. I will try driving 4 dollars. 

How does skip trace work? Is there a common website/company you use?

Hi Everyone,

I am feeling pretty discouraged and wanted to vent and see if anyone could offer me some advice- please!!

About me: I am a newbie buy and hold investor in Northern Virginia, long time lurker, and recent poster to the forum...getting a little addicted to it in the past month :) 

My market is extremely competitive - Northern VA and Montgomery County, MD - so I am aware finding an off-market property that cash flows after some renovations is not going to be easy... but it feels like it is impossible. I have been checking the MLS, HUD, foreclosure.com, I signed up for Marketpro deals and another well marketed wholesale company lists, and recently posted my criteria all over Craigslist and Facebook aiming my message at wholesalers. I am also trying to meet wholesalers at meetups I find on meetup.com (I don't know where else to connect with them) but they are mostly talk and I have not received ANYTHING of value from them. I also have an agent looking for me.

I am only looking for a single property!! 

Aside from what I've mentioned above, I have not spent any time reaching out directly to owners via obtaining a list of distressed buyers (I don't even know where I would get one from) or bandit signs- things that I would gladly pay a wholesaler to do for me.

Am I being lazy? Should I start my own marketing campaign? Is there something else I should be doing?

I figured this forum would be able to tell me what I am doing wrong. 

Thank you so much for reading!

@Sovat C. &  @Rich Hill - Thanks guys! I'll check them out

@Ari Bachrach

Thank you!

@Ari Bachrach thanks so much for sharing your experience!

Have you used any other wholesalers?