All Forum Posts by: Joey Chavez

There are plenty of good markets for land investing. You just have to look at the US census, current markets, data and county records that you can pull.

Land Investing can be a good way to get started as a new investor.

Hello there @Abdi Muse and welcome to Bigger Pockets! The road map for real estate investing success can be found here Bigger Pockets! Connect with experienced investors and get deals done correctly on Bigger Pockets. Congratulations, you came to the right place. Since you're just starting out, just thought I'd add a few words of encouragement for ya based on my experience when I first started out. 

To start - I realized that by only targeting properties that owe taxes was leaving SO much money on the table. The majority of the properties I purchase are current on their taxes. A lot of people don't even know not paying is an option - and in a lot of cases the taxes yearly aren't too much so they pay them anyway.

I don't want to say that this isn't worth your time - but I think it's a lot of time people tend to spend for maybe a couple of deals in the end. I always say mail a minimum of 1500 units - and count on a good purchase for every 300-500 units.

Also remember, Data is king. I would so much rather go to RealQuest and in seconds (literally) pull a list of all of the owners that match my criteria. Then I scrub it, which is incredibly easy since the list is all in one format in an Excel sheet for me. I price each offer based on our calculated purchase price. (Typically 20-25% of current "for sale" similar properties in the area.)

After that, I wait for calls and signed offer letters to come back! From there, you complete your due diligence and pick the best ones to purchase. I buy and immediately post them for sale ALL OVER THE PLANET for double what I paid. I wish you much success.  Feel free to reach out.

@Charles Large Welcome to Bigger Pockets! BP is the ultimate learning center for real estate investment. At BP, I've found that not only can you network with other real estate investors, you can learn from the informative forums posted daily on the site, find properties that are for sale, and take free courses. You have come the right place and I wish you best of luck.  Feel free to reach out.

@Eugene Rich 

I know I'm a little late to this thread, but I think I can really really help you (since you are green) so I wanted to jump in.

Just some helpful suggestions to start out- (as an fyi-only targeting properties that owe taxes is leaving SO much money on the table. The majority of the properties I purchase are current on their taxes. A lot of people don't even know not paying is an option - and in a lot of cases the taxes yearly aren't too much so they pay them anyway.

I don't want to say that this isn't worth your time - but I think it's a lot of time you're spending for maybe a couple of deals. I always say mail a minimum of 1500 units - and count on a good purchase for every 300-500 units.

Data is king. I would so much rather go to RealQuest and in seconds (literally) pull a list of all of the owners that match my criteria. Then I scrub it, which is incredibly easy since the list is all in one format in an Excel sheet for me. I price each offer based on our calculated purchase price. (Typically 20-25% of current "for sale" similar properties in the area.)

After that, I wait for calls and signed offer letters to come back! From there, you complete your due diligence and pick the best ones to purchase. I buy and immediately post for sale ALL OVER THE PLANET for double what I paid.

Please feel free to reach out if you have any questions, and I think your efforts will be well spent saving up to do this in the most efficient way. Feel free to reach out - here to help. Much success in your journey!

@Chris Ossinger Welcome to Bigger Pockets!  We call it the road map for real estate investing success! Here I've found that you can connect with experienced investors and get deals done correctly. You came to the right place. 

Some of us are wholesalers of many types of properties, and one of the reasons it is so great is because we can do it from literally anywhere, we don't have to be where we are looking to buy.

We are direct mail acquisition machines all without leaving our office (or home, or wherever we happen to be that day - haha). We pull assessor data from a direct link of the type of properties in the areas we want and send ALL the property owners an offer. (Not only out of state or tax delinquent.)

We scrub the list and then spend a tremendous amount of time on pricing, because although these offers may be a lot less than retail, they are not out of the question. We explain in our offer letter to sellers that we are serious investors, we are not agents/brokers, we pay cash, and are prepared to close in as soon as x number days. Then we wait for the motivated sellers to call us - and believe me they do. It works amazingly well, and it is how we get there first.

Knocking on doors (aka "driving for dollars") is an outdated way of doing this. We now have DATA and computers and direct mail making our lives easier and our time more lucrative. Feel free to reach out if you have any questions!

@Rodney Harris Congrats and welcome to Bigger Pockets! Bigger Pockets is the one stop shop for real estate investing. Get deals done the right way and connect with seasoned investors only on Bigger Pockets. Just my two cents here: 

Data is king. I typically go to RealQuest and in seconds (literally) pull a list of all of the owners that match my criteria entered. Then I scrub it, which is incredibly easy since the list is all in one format in an Excel sheet for me. I price each offer based on our calculated purchase price. (Typically 20-25% of current "for sale" similar properties in the area.)

After that, I wait for calls and signed offer letters to come back! From there, you complete your due diligence and pick the best ones to purchase. I buy and immediately post for sale ALL OVER THE PLANET for double what I paid. Hope this helps you get started. I'm here if you have questions. 

@Scott Scoville Welcome to Bigger Pockets! The road map for real estate investing success can be found at Bigger Pockets! Connect with experienced investors and get deals done correctly here. Congratulations, you came to the right place. I wish you success.  Feel free to reach out.

@Caleb Bryant Hello there. Just thought I'd pop in here if you don't mind. I've found that sending out large offers works much better than sending out 300 handwritten letters. With today’s technology, we’re direct mail acquisition machines all without leaving our office (or home, or wherever we happen to be that day). We pull assessor data from a direct link of the type of properties in the areas we want and send ALL the property owners an offer. (Not only out of state or tax delinquent.)

We scrub the list and then spend a tremendous amount of time on pricing, because although these offers may be a lot less than retail, they are not out of the question. We explain in our offer letter to sellers that we are serious investors, we are not agents/brokers, we pay cash, and are prepared to close in as soon as x number days. Then we wait for the motivated sellers to call us - and believe me they do. It works amazingly well, and it is how we get there first. Hope this helps ya. Feel free to message me. I'd love to help.

@Dallas Campochiaro  BP is maybe the greatest free resource to help you get started in Real Estate Investment there is on the internet. Congratulations and I wish you a ton of success.   Feel free to message me with any questions as I am here to help.