All Forum Posts by: Jason Hanson

To determine ARV have a Realtor run comps, you can also run comps on www.realquest.com.

To find real estate investor groups in your area, check out www.NationalREIA.com and www.meetup.com and then network like crazy.

If you enjoy learning and your dream has always been to go to law school then do it.

However, if you know you are going to be a real estate investor and be self employed then going to law school is not necessary and will not help increase your income.

To find buyers:

1. Place ads in your local paper
2. Place ads on craigslist.com
3. Network at your local real estate investor meetings (to find them go to www.NationalREIA.com)

To get started take massive action:

1. Go door knocking
2. Network like crazy
3. Troll craigslist and respond to EVERY ad that meets your criteria

I am not a lawyer so seek legal advice. However, in most states being a bird dog is illegal. This means, if you are paid for locating a property it is illegal, because you got paid only if the transaction went through.

The way to make it legal is for the person to pay you for each lead (such as 10.00 per lead) and not make your payment based on the outcome of the situation.

Tim,

Great post. Everytime I go into a vacant property I bring a knife with me and also a big Mag flashlight.

Of course you always need to trust your gut. If something doesn't feel right, then get the hell out of there.

This also applies when meeting with a seller. I have been in situations where a person invited me into their house (one instance was several large men who lived together) and I declined, because something didn't feel right.

Lucky for me, I have the greatest boss in the world.

First off I am not a lawyer, so seek competent legal advice.

In my opinion the best way to hold property is in an LLC. I personally hold a couple million dollars worth of property in each LLC, but make sure I spread out the risk among multiple LLC's.

99% of Realtors will be of no help to you.

1% will be investor friendly and you will use for comps.

Having a good Realtor is not crucial to your business.