All Forum Posts by: Mike Smith

I've found a piece of property in dire need of rehab. Using the local assessor's records, I believe I've found the owner. I plan to write the owner to see if she is intereseted in selling. Does anyone have any advice of what to include in the letter or how to phrase it? If you don't think I should make contact via mail and should do something else, please let me know. Thanks.

Does rehabbing the interior of a mobile home take any special expertise beyond what would be required to rehab a house? Just wondering if there were any issues I need to watch out for. Thanks.

Jessie, can you clarify something for someone who is in the process of putting a team together? Are you suggesting I engage or develop a relationship with a buyer's agent on deals or to bring me deals s/he discovers or are you suggesting developing relationships with seller's agents to let you know when they have something for sale that might be of interest? As I type this, I'm guessing your answer is going to be "both." :D

I think any "anti" agent sentiment you might be getting is because a lot of what us newbies hear is advice of how to do things yourself (such as find deals) which implies to us that we should avoid realtors and find the deals ourselves.

Thanks for your input.

I didn't read the earlier post all cash is referring to, but I'm glad to hear his thoughts re some of the education out there. Someone I know loaned me a "course" and I reviewed the entire thing. It was mostly war stories and could be summed up with this: "buy low, sell high." I didn't feel educated at all afterward and actually put off pursuing real estate investing for several years. I appreciate the comments re mistakes newbies make since I'm definitely a newbie. Thanks for the info.

While I've posted a bit, I haven't done a formal introduction. I'm new to real estate investing and have been spending the past few months getting educated. Heard about this site through a podshow and decided to check it out. The forums have given me plenty to think about and I appreciate everyone's input.

I'm from Missouri and planning on getting into owning some rental property. My immediate goal is to create monthly cash flow. From there, who knows? Going to look at my first property in 2 days, which will probably lead me to post a few more questions here.

Thanks for the reply. If I have additional questions as I go along, would you mind if I contacted you?

I apologize if something like this has been asked before. I'm a new investor and found a property I'm interested in. I'm in the process of arranging a time to look at the property. My question for the forum is: When you were looking at your first deal, what questions do you wish you would have asked the seller, but didn't? The property is a multi-unit rental property if that matters. Thanks for the input.

It can't be only me that thinks this sounds a little like a pyramid.

I've found a small mobile home park that may be of interest to me assuming the numbers work out correctly. This would be my first real estate investment. It is a 9 pad park and includes 7 homes in the purchase price. Any suggestions on things to look for when I actually take a look at the property? Do I inspect (or have inspected by an actual inspector) each home? Any thoughts or suggestions would be welcome. Thanks in advance for your input.

I am getting myself ready to invest right now. I agree 100% with the suggestion to join a real estate investment associateion. I just went to my first meeting adn it was a great confidence builder. I made a couple of good contacts.

This second part is going to soudn arrogant, but I don't mean it that way. This particular meeting invovled some Q&A on various aspects of real estate investing. You know what? I knew about 90% of the answers to the questions peopel were asking. The more I looked around and listened, the more I became convinced that if 75 or so people in the room could do it, so could I. Again, I'm not trying to sound arrogant. My point is I realized I had done enough educating of myself and it was time to take action. Good luck.