All Forum Posts by: Nate Hananger

@Kaitlin D.

Welcome, Kaitlin. Looks like we're in the same area.

Occasionally I'll wholesale something if my capital is all tied up. The best lesson I've learned is to treat my select investors like gold. The market is competitive enough as is, so I save them the hassle and send them a deal with unofficial exclusivity. Meaning, I'll send them a deal that fits their standards like a glove and give them all of the information upfront so they need only confirm it and give me a yes or no. 

This method is rare in the business and will quickly earn you a lot of respect. 

I would imagine your attorney should be able to answer this question. If not, I would immediately stop working with him or her and find a real estate attorney who has experience with evictions. Many attorneys will give you a free 30-minute preliminary consultation to make sure your issue is something they can handle. 

In the meantime, I would save all incoming messages from this woman as evidence to present if the matter is stretched out further than necessary. 

@Jamie Williams

Check out this instructional video by RE attorney, William Bronchick on wholesaling: https://www.youtube.com/watch?v=pRLTEcvDTL4&t=16s

His channel also has additional videos on this and double closing to help you avoid the potential pitfalls. 

This is a great introductory book worth reading on pre-foreclosures: http://amzn.to/2n36Bhr

It's short and sweet.  

My partner is fortunate enough to have access to free leads, however if that were not the case, I would certainly see the value in purchasing lead lists of pre-foreclosures. 

Reaching out to realtors has not benefited me personally. Those listing pre-foreclosures typically have the homeowner's interests in mind. And the rare realtor claiming to have access to good deals usually ends up just adding me to a lame buyer's list. 

Investing is a marathon, not a sprint. 

Those are sources mentioned in this Biggerpockets post: https://www.biggerpockets.com/blogs/3416/24794-fin...

You can also buy foreclosure leads. A good provider will give you an Excel sheet with the owner's info, property address, owner's address if different, CLTV, loan position, foreclosure date, trustee info, etc.

If foreclosures are what you're considering but you're worried about being unable to see the property, then I'd look at pre-foreclosures instead. It doesn't change the competition, but it does allow you to properly calculate your investment beforehand. 

The reason I asked all of those questions is because Craigslist tends to flag an ad if it is reposted too many times. If you are running into this problem, I would diversify your ads some more. 

This should be done anyway. A/B testing for ads is how one can see which generates more leads. If you outsource this, make sure the services include data on each ad and its performance so you can track the results and adjust your campaign accordingly. Also make sure they are fluent with ad copy.

And Josh did mention looking to Upwork.com or Freelancer.com, which is a great idea because shopping for underpriced marketers there will be much cheaper than going to an ad agency. Online marketing agencies that are good will charge tens of thousands of dollars. With the industry only going up, it never hurts to invest in an online marketing book.  

 As a matter of fact I do. I'll PM you with her info.

But let's say she doesn't fit what you're looking for for whatever reason...you aren't limited to those who are just advertising mentorship. 

Spot someone you'd like to work with who's local? Offer them a check for say... $300. Then map out what you'll do and how you'll bring them deals in exchange for them investing their time and knowledge in you. 

The scouts I train have to give me at least $50 bucks and sign a basic time-commitment of at least 6 months to show they aren't going to disappear after our first webcast training session or they aren't working for the competitors trying to fish for info. 

Some will say take the free route. Personally, I say people are more likely to assign value to something they pay for. Free knowledge is great AS LONG AS you piece the full puzzle together and utilize it all.