All Forum Posts by: Guy Gimenez

If you don't find them here, go to Trulia or Craigslist and post. One of those sites will surely yield what you're looking for. 

As you get further into investing, you'll learn to risk little to none of your own money and that is always a worthy goal. Use other people's time, talents and cash!

I believe in walking softly but carrying a big stick. I don't like to waste time because time is money in investing. 

A strategy I've used is to take about $1,000 to $1,500 in crisp $100 bills when I go to meet the occupants. If the occupants are undesirable, I'll certainly have a friend with me. Let them know you wish to help them ease their burden and always ask them first what you can do to help them move on. If they say they need money, ask them how much it would take to help them out and how soon they could be out and leave the place "broom swept clean." If they are cash strapped (and they certainly will be), you can show them you have money in your pocket waiting for them if they'll comply. 

If they say they aren't leaving, explain that you will work with them by way of cash if they decide to play by the rules (and show them the cash). If they don't play by the rules, the cash they're seeing will simply to to an attorney to have them removed forcibly, if necessary. 

If you have ample cash, don't forget to consider spreading the cash around to multiple properties rather than just one. Placing all your eggs in one basket is fine until that basket collapses right along with your hard earned eggs. 

Cash for keys! Generally, it's quicker than evicting and they are less likely to tear up the place when leaving. 

If you're living below your means in an apartment and it allows you to build seed money for investing, then there's nothing wrong with it.  Of course, if you find a great "sub-to" deal that will allow you to do the same while getting some tax advantages and build equity, that would be even better. 

Welcome aboard!

Sounds like you have more time than money which is not unusual when first entering the investment arena. You should attend all the free REI events in your area that you can...even if you're tired and it's not convenient. You will meet active investors and you can probably muster up some work from them and have a chance to prove yourself. The investor community is much smaller than you think, so word of mouth is extremely important. Offer to mow yards for other investors, deliver door hangers or postcards, put out bandit signs, etc. Network, network, network!

No.  The risk is on the buyer side, not the seller side. Remember, the buyer is not getting an owner's title policy so they are assuming the risk. 

The language means the buyer is accepting the property with any of the matters mentioned (when recorded in the official public records) that may affect the property. 

Someone who has been investing for 30 years surely has his team and practices in place so it may be hard to add value to his business even if working for free.  After all, he still needs to have one of his staff spend time training you. 

Why not consider spending your time engaging investors at a local REI club and provide your contracting expertise to newer but active investors. By doing this you have a much better chance of partnering on a deal where you're adding real value and will be compensated instead of giving away your expertise for free.

Just my 1.75 cents worth of advice.