All Forum Posts by: Jason Hanson

To build your list of buyers for your wholesale properties:

1. Advertise in the classified section of your newspaper
2. Advertise on craigslist
2. Network in person at your local real estate investor meetings.

The ad should read "Owner Desperate, Must Sell Now, Please Call 555-555-555"

Or "Motivated Seller, Take Over My Payments, Call 555-555-5555"

Jason R. Hanson

Mike,

The best sources for absentee owner lists are melissadata.com and listsource.com.

To find motivated sellers for lease options:
1. Email landlords on craigslist asking if they will do a lease option
2. Drive your farm and call every "for rent" sign in the area
3. Send out direct mail to landlords and have a consistent several month long campaign.

Good luck and take massive action.

Jason R. Hanson

Welcome to the business. You are like the rest of us, in that we realized life should not be spent in a cubicle.

I would not get your license. It's not necessary, plus if you do get it, you will have to disclose the fact that you are a Realtor to every seller you work with.

Since you are new, you will want to start out wholesaling, then do lease options and subject-to. You do not want to start with foreclosures because with a foreclosure you have to get a loan in your own name, or borrow enough cash to purchase the property.

To be successful in this business you need to learn how to purchase property without using any of your own cash or credit.

Jason R. Hanson

I have been using the company Tenant Verification for my checks. They do background, credit, eviction, the whole nine yards.

I have been using them for years and have never had a problem

Jason R. Hanson

I would NOT pay cash for these properties. The name of the game is making millions using other people's money not yours. I would purchase the properties putting as little money down as possible. With the remainder of the money purchase more properties or put it in a money market account.

Jason R. Hanson

For your very first investment property I would not buy out of state. Your property should be within a 60 mile radius of your home. Many people have out of state nightmares, and you don't want your first property to sour you on the business.

Depending where you live in Utah, it is a great market and if you do some proper marketing (bandit signs, direct mail) you can find all of the investments you could ever want.

Jason R. Hanson

I am not a real estate agent and would advise against getting your license. It's not necessary. If you do get your license you will have to disclose it, every time you buy a house. Also, remember many people do not like Realtors, which is why they are selling their house to an investor in the first place.

I am a firm believer in keeping this business simple and getting your license is an unnecessary complication.

I would get title insurance no matter what. Of course we are entrepreneurs and are all about taking risks. But this would be a dumb one to take. You need to think of the big picture: It is much better to spend a few hundred dollars up front, than to lose thousands over a problem with the title.

On all of your properties you should get the insurance-just chalk it up as the cost of doing business.

Jason R. Hanson

The best ways to get started on a limited budget are door knocking and direct mail.

No one likes to talk about door knocking since everyone is "afraid" of it, but it's the cheapest and easiest way to get a deal. Also, most successful investors started out door knocking (they became successful because they did the things other people wouldn't.)

Also, send out letters every month. Make sure your letters are highly targeted (my niche is landlords) and send out your letters every 60 days to the same list for a total of 7 times.

Welcome to the business and good luck.

Jason R. Hanson