All Forum Posts by: Anibal Mijangos

Has anyone obtained a list from the LA County's Assessor's website? 

I'm interested in a pre-foreclosure list and I was told I could get it online without needing to go through Propstream or Batchleads. 

If you have experience with this, I'd greatly appreciate some guidance. Thanks in advance!

 I'm currently writing letters to send to property owners. Specifically Absentee Owners of Inherited properties. I have plans with some other guys to set up a dialer for cold calling. 

Hey everyone! I'm getting started in real estate wholesaling.

Although I'm located in Los Angeles, CA, I'm focused on doing marketing for property owners in Oklahoma City, OK. I'd love to connect with other wholesales also working in the OKC area!

Welcome to the party, Sandra!

I've started to get back into wholesaling by writing letters for Direct Mail Marketing. I used to do cold calling. Getting back into it has been a lot of fun, especially joining the conversations here on Bigger Pockets. 

I'd be happy to connect with you more and share tips to get wholesaling success.

Both strategies are valid and ultimately up to you. 

STRs are more for cashflow purposes. House hacks can cashflow but they're generally more to cover the existing mortgage payment. 

If you're going to be purchasing the property for the STR, use software like AirDNA to better analyze communities. You can use AirDNA to compare condos and SFHs too. Make sure you have a solid understanding of local laws regarding STRs. You don't want to put in a lot of work and money just for platforms to shut you down.

Best way is to approach it like a wholesaler - you can look up wholesaling strategies online. 

Driving for dollars, using software like Propstream, cold calling, sending cold letters, and more. 

To increase your margins, you're going to want to acquire properties as low as possible under market value. Using wholesaling strategies will help until you get to the point where they come to you from your network. 

Will this be a one time or reoccurring event? I won't make it this Thursday but would love to attend future ones!

Aside from getting a job in a real estate investing company, build up your knowledge in the space. Consume content like crazy. Bigger Pockets is going to be your best friend. 

Aside from BP, use Meetup to find real estate events local to you. Attend them and meet people in person. Learn about different strategies within real estate investing, connect with people doing those strategies, and then plug yourself in by sharing your strength and skills. I've found REI people to be super friendly and open to conversations.

Local area is always going to be the ideal situation. Especially since you can visit the property and be hands on if needed. That's what it basically comes down to. For me, for example, I'm looking into Oklahoma City because I have family that I trust out there. They would be the boots on the ground for me until it gets to the point where I'll fly over there. 

Investing out of state is great. But relationship building is a must before hand so you have people that can take care of things when you're not there. I believe that's why turn key properties are popular in the midwest. Affordable compared to CA and there's already a management company that can handle things when they come up (which they will.)

Depends where you're looking for the properties. If you're not doing it already, you're better off looking for "off-market" deals where you can the properties for under market value. You'd essentially be doing the work of a wholesaler but instead of selling off the contract, you buy it outright. Or you can connect with wholesalers so they can present you with deals that are below market value. You'd just have to put money in for repairs and upkeep.