All Forum Posts by: Scott Johnson

@Jerryll Noorden

I have been reading your post and trying to decide if I should post. Here is my opinion of how to JUST START!!!

1. Sleep less, do more- If you want to change your position then you are going to have to sacrifice something now to cause change later. If you cut your sleep to 7hrs a night then you could have one extra hour a day to work on real estate. If you worked 5hrs a day on the weekend you would have 15hrs of action a week concentrated on real estate. How much time are you working on it now?

2. Get on CL and CALL every for rent post on there and ask them if they would like to sell there house. ( get used to hearing no).

3. Call every FSBO on CL, Zillow, exc. and talk to them.

4. Drive for dollars on the weekends. My partner and I have to drive 1 different neighborhood a week. Call all listed properties and write down address for properties that need work. You will learn a lot about an area in a short time if you do this often. You can find out more about the property on the county website. Try to call the owner or send them a letter. Just say, "hi, I was in the neighborhood looking at some property and noticed yours. Would you be interested in selling your house?" That's it.

5. Learn how to estimate rehabs. (take a class, YouTube, books, exc.)

6. Go to REIAs and talk with everyone. Don't ask anyone for help. Just talk about all the action you are taking and someone with experience will probably give you there information. ( they will probably be your first cash buyer and walk you through the deal)

7. Order business cards and give them to everyone you meet ( notice it is not #1, I had my first 2 deals before I had a business card.)

8. Concentrate on one niche at a time. If you want to wholesale then wholesale, if you want rentals then learn the BRRRR strategy. You can find deals just like wholesaling and use your capital to purchase and rehab. Then refinance your money out and repeat.

9. Don't worry about knowing all the steps first, just get a deal and work it from there.

10. Have patients. There are some who can make 100k a year there first year but not many. It takes a lot of work and a lot of action. It also takes many several months just to find there first deal. It will depend on how much action you take.  

If you take these steps you will find a house. There is no excuse. With every step you have nothing to lose.

All the best,

Chance