All Forum Posts by: Reid Thompson

You can always look through the Marketplace here on BP. Currently there are 63 HMLenders showing up right here for you to talk to, ask questions.

I think you are on the right track. You wrote and mailed 50 letters! That is awesome, a great start. Keep it up. You got two calls, they didn't pan out. You want to be unattached to their situation/emotions. Don't get discouraged. And yes, you may want to find an agent you can hand off potential "retail" sellers to once you have exhausted all the avenues of obtaining an wholesale price. 

Welcome to BP @Lisa Murray! You will find more help than you can handle. Everyone here is very helpful and understanding, well almost everyone ;)

Feel free to reach out at any time, I am local and always willing to help where I can. Definitely check out some of the local meet ups like @Trexie E. mentioned. 

Look forward to hearing your contributions.

@Darnell Griggs welcome! You will find lot of locals here to share information with. And follow others for valuable ideas, tips and strategies. Keep searching different keywords to find out all sorts of information on just about any real estate related topic. 

Welcome! And congratulations on landing in this group. Everyone here is helpful, friendly and supportive. Well, most of them. The numbers you are trying to acheive are going to depend on how much you put down, how you structure your financing and the income produced by a given unit. Getting local, professional advice about rental real estate in your area is your first step. Each area will have its own set of numbers. Learn those.

Northern Va is a big area. Lots of different areas with little nuances, especially when it comes to investing. Would love to point your friend in the right direction. Send me some specifics on area and price range...If it is outside of my little "pond" I will be sure to put them in good hands.

@Karl Krentzel Thank you. 

@Anthony Reale One of those sales pitches is what motivated me into pursuing this area of real estate. Luckily, I didn't buy in like some of the others that were there. But doing a little research about it is what landed me in BiggerPockets, and for that I am grateful. I am looking forward to hitting a couple of the MeetUp groups in the area this month. Please feel free to reach out to me if you want to hit them together.

@Ernest Quallis and @Jerrell Jefferson Welcome to BP! Trust me you will find as much information as you can ask for. There are several forum discussions on the Sub2 loan topics and plenty other references. If that's not enough, just check the market place, it's full of people that would love to help.

@Ken Connors, what used to be Virginia's short 2 page contract for land, is now the ever expanding 9 page monstrosity I assume you speak of. Our residential contract is 16 pages and growing. There may be hope, there are some great forms on BP. Under Tools, at the top of the page, look in FilePlace. I think you might find a couple of simplified documents that will work. Hope that helps, congratulations!