All Forum Posts by: Spencer Blondeaux

@Jonathan Greene Thank you for that, I will seek out a meet up in my local area. I will also look for houses with deferred maintenance and search them to see if there is an absentee owner and/or older in age, maybe ready to move or downsize! I appreciate you taking the time to respond!

I have not yet, but plan to!

@Tim Delaney That is really good advise, I do of course need practice analyzing deals, and I may find the on- market deal. I suppose it is all about the numbers and market, doesn't matter where you find it! I will start to do this. Thank you

Hey BP community! Excited to be here and soak up all the real estate wisdom. Like many of you, I'm a new investor, although have worked with investors for several years, finally jumping out of the nest if you will! In this completive market, it seems as though off-market deals is the only place to really find a "comfortable" position to be in (although completely aware that we are all in a risk filled area of investing). My mentors (both successful investors) swear by building strong relationships often saying  "It's all about who you know,". So, I've been diligently networking with realtors in my sphere, but let's just say I haven't exactly landed at the top of their preferred investor list. I know it's a marathon, not a sprint, and I am in this for the long run, but I'm also eager to jumpstart the process!

While I continue nurturing those realtor relationships (and patiently waiting for my phone to ring), I'm curious to explore other avenues for sourcing off-market deals. What creative strategies have you found successful? Any tips on targeted marketing, effective lead generation, or even some "outside-the-box" tactics? I'm all ears and eager to learn from your experiences, hear your ideas, criticism, tell me I am crazy! I ma here to learn and I will not pick and choose how those lessons are presented to me!  And hey, if you have any funny stories about your own deal-finding adventures, feel free to share! We could all use a little laugh break in the workday, right?

Quote from @Savannah Holzer:

Welcome to BP, Spencer! It’s great to hear that you and your wife are taking the leap into real estate investing independently. With your experience and a clear goal to build wealth and transition into multifamily commercial properties, you're on the right path. Building relationships and finding the right deals will be key to your success - also make sure to start out small and go from there - don't get into something too big/you can't handle.

Thank you! And great advice. I feel we often want the biggest best thing and that may not turn out the way we hope! We will build our experience and team, starting with a good foundation and grown from there! 

In our limited experience being on our own, finding the deal of course is the hardest part and is definitely a “it’s who you know” kind of deal. Our mentor has helped us find deals up to this point but they won’t be so generous for ever!! It’s time we build our own relationships! 

Quote from @Jaycee Greene:

Quote from @Spencer Blondeaux:

Hello all, 

My name is spencer, me and my wife have worked with other investors for years, now we would like to branch out and do it for our selves. With the help of our mentor we compiled a new build, single family, and are closing on a flip soon. We would like to build our own relationships, gain knowledge and find deals. Our end goal is to build wealth over the next several years and leverage that wealth to buy multifamily commercial properties! Excited to be here and learn from you all! 

 Hey @Spencer Blondeaux, welcome to the BP Forum from a fellow St. Louisan! Are you targeting a certain area of STL? Or perhaps a type of property and/or price point?

Hello Jaycee, 

Open to most areas other than north city. We just completed a new build in sunset hills and are starting a flip in Oakville. We do some pretty conservative numbers (probably because we are new) so if the numbers work, we will pursue it. As far as property type, for flips I like middle sized houses, 3/2 around 1500/3000 sq ft but not married to that. Long term hold, would do anything that makes sense but long term goal of multifamily! Price point really depends on the property type, again if the numbers work we will pursue it with in reason!

Hello all, 

My name is spencer, me and my wife have worked with other investors for years, now we would like to branch out and do it for our selves. With the help of our mentor we compiled a new build, single family, and are closing on a flip soon. We would like to build our own relationships, gain knowledge and find deals. Our end goal is to build wealth over the next several years and leverage that wealth to buy multifamily commercial properties! Excited to be here and learn from you all!