All Forum Posts by: Trey Foradory

@Tim Herman Has the next meetup been scheduled for the GF area?  Any info would be greatly appreciated.

Timothy Hillyer just FYI from my experience and research, a bed bug ingestion is VERY difficult to completely get rid of. The eggs are very difficult to kill and the only thing I've found that will actually kill the bugs and the eggs is steam or suffocation from tightly bagging smaller items in trash bags. I've also found that 91% or higher isopropyl alcohol will kill them pretty quick but will not last very long as it dries quickly. How did you determine fumigation to work? I wanted to give my advice from experience before you spent the money on something that might not work. Also, make sure nothing is removed or simply just thrown into the dumpster or put into storage. The interesting thing is it only takes one bed bug to start an infestation. Typically they stay in "colonies" but the pregnant female bugs wander off and lay the eggs somewhere else which is why it is so easy to get an infestation. Best of luck to you and I hope you are able to get rid of those bugs

@Jonathan Jackson To verify everything, you have a contract signed between you and the seller, an assignment contract signed between you and the buyer you are assigning it to, and that buyers earnest money deposit?  Who is the earnest deposit check written to?

Start calling some title companies in the area and ask if they work with assignments and/or wholesalers.  Once you find a title company that works with wholesalers and preferably has some positive online reviews, take your purchase contract, assignment contract and earnest money to them.  They will open up escrow and will begin the title work.

Keven Pare I've used title one before and they are very investor friendly. I did an assignment but they informed me they were able to do a double closing using the end buyers funds. From what I had been told they were one of the few here that will do it. Not sure about your other question because I've only done assignments.

@Dylan Tettemer I would agree with @Bram Spiero.  Find the target market you want to invest in and start learning about it.  Building a foundation of understanding your target market will be a great benefit if and when you move back to the states.  What niche are you looking to get into?  Buy & hold? Rehabs? Wholesaling? etc.   

I'd also suggest finding ways to save a little bit of money from each paycheck so that you have some capital to invest.  It doesn't have to be thousands of dollars.  Even just a few hundred bucks will allow you to get started with a bit of marketing to generate some leads and allow you to get some experience in talking with potential sellers.

The biggest thing is to not get discouraged.  Understand that real estate investing is a marathon and not a sprint.  Don't get caught up thinking you'll catch the express train all the way to the top.  While some people do have great success right out of the gate.  That is uncommon.  For most people it will take some time to get to where you want to go whether it's in real estate or not.  The success stories always make it sound like everyone is an overnight success but in reality there was a lot of work involved and even more time.  Just stay focused on your goal and take action everyday to move you one step closer to your goal.  Whether it's reading or talking with other investors, just do something each day.  I'm fairly new to the arena and have done a few wholesale deals but am happy to help in any way that I can.  

On a separate note, I noticed your in the Air Force and wanted to say Thank you for your service.  What's your AFSC?  

@Bradley Bladon One thing I've found to be true is if you have a deal, you won't have an issue finding an investor to assign the contract to. If you've accounted for relatively accurate rehab costs and have solid evidence for the ARV you have estimated and it is still a solid deal then finding buyers won't be the problem. You've already put in time and energy and have a potential deal, why would you give up that time spent? There is so much money out there that people are needing and wanting to invest. So if you truly have a deal you will find more than enough interested people.

Also remember what @Brandon Turner always says "50% of a deal is better than 100% of no deal". Don't be afraid to reach out to other wholesalers/investors in your area and see if they'd be interested in a JV opportunity. I'm not in that area but I'm more than happy to help out in any way. PM if you have any questions or want some advice.

@Account Closed I'm assuming that they left you voicemails stating to take them off your list?  If so, it is up to you.  It's true that you don't know what you might get by responding.  I've heard of individuals getting deals from these responses.  However, it is also a courteous & respectful gesture to reach out to them just to let them know that you have removed them from your list.  They could have been having a bad day, or been in a negative mood.  There is no way of knowing why they may have sounded angry, which is why many people suggest returning the call.  

Also, the key to deciding on calling them back or not is if they provided their name and/or address.  If they did, you could simply just remove them.  Otherwise, it would be worthwhile to simply reach out to them and politely let them know that you've reached out to a few other homeowners and need to verify their information so you can remove them.  

@Frank Lodge  I can understand it taking time to find good deals but just know they are out there and don't give up.  If you've read the book "Think & Grow Rich" by Napoleon Hill, think about the "3 feet from gold" story he references.  That good deal you are looking for could be just around the corner.  Just keep persisting and you'll find it and many others.  Keep up the good work of the constant search as you have over the past year.

@Benjamin Barredo Why not go ahead and get letters out to those 57 people?  You don't need to start by sending out thousands of letters.  Regardless of the statistics, all it takes is ONE letter sent to the right person to get a deal.  If you want to know that you are making progress, I'd suggest writing letters to those 57 people which would cost you all of roughly $30 with stamps, basic envelopes and some paper.  You could have a deal in that list of 57 that you might miss out on if you wait to build a bigger list.  

Another marketing tactic I've seen is creating what I think of as a "Bandit Shirt".  Simply design a "We Buy Houses" shirt and wear it anytime you leave the house.  I will actually be ordering my own today.  This will get your number and message in front of much more people and you are your own walking advertisement.  Just be ready to answer questions from someone if they want to talk to you.  

Biggest thing is to just take action like you have with driving for dollars.  If you don't mail those people, you are just wasting the time you spent to seek out those properties.

@Gregory Bentley Welcome to the Bigger Pockets community!  This is definitely one of the best resources I've come across because it allows you to learn and network in so many different ways.  Building on your knowledge and education is key in any endeavor.  Maybe your company shutting down is a sign from the universe pushing you to get started down the new path.  I'm sure you'll crush it if you are dedicated and persistent.