All Forum Posts by: Nick Tzenevrakis

I was listening to a podcast on my commute to school, "We Study Billionaires", and they had brought one of the BP guys on. I quickly switched to the BP podcast and made an account!

@Chad S., It is encouraging to hear of other people in small towns doing well. I am very eager to get into a property, but at the same time know there is a process and I cannot let my emotions make decisions. I'm actually going to look at some land for sale Tomorrow, maybe I will do a little extra driving around and find something not on the market. Thanks

@Chrissy Parsons, I like the idea of a direct mail campaign. I will do some more research this weekend to figure out the best strategy might be. Going after both absentee and Seniors with 20+year ownership could prove to be a big win. Thanks for the tip.

Thanks Elizabeth,  I have been reading hours every day on all types if real estate investing, but surprisingly have done little on wholesaling.  I need to find better ways to get the off market deals. Thanks for the tip!

Hello everybody, I am trying to work up my first deal in Quincy IL, which holds about 60,000 people. I'm very new to the idea of Real Estate Investing, and am driven to make it profitable while working full time. Since I am renting a 3 bed 1 bath house for $850 a month right now, I can't see a better way to get started than to get out of this rental and into a fixer-upper.  Eventually, I would like to have enough cash to work into bigger multi-families expanding across the country and be able to hire managers. That being said, I've read that you should have a plan and process to find what you are looking for. For me, it is a single family ranch style home with 2/3 beds and 1.5/2 baths that smells funny and needs the carpet ripped out. I'm willing to live in a fixer upper, put sweat equity into it for two years, then move on to the next to start.

My problem is that most of these homes I come across are 20 min out of town, have been on the market for a while, and are $115k. These homes seem to be priced at what they are worth, but I'm concerned with owning one so far away from the large population. I'm actively searching for auctions and have been looking for more ways to find these sales before they hit Zillow or Realtor. I've only spoken with one Realtor, who gave me quite a bit of good information on how to find these homes, but I want to know more.  According to the Realtor I spoke with, there are 5 people he has on speed dial for when he comes across a deal like what I am looking for, so I need to speedy finding them.  

I am as green as they come, but very driven and currently obsessed with figuring out how to work Real Estate in my local area. All ideas are welcome, I'm looking forward to tips and tricks to hack the small town Real Estate market, where everyone is trying to flip houses!