All Forum Posts by: Tyler W.

I've been thinking about creating a business to help real estate investors market their properties. Many investors are into their 40s, 50s, and 60s, and may not be too familiar with digital and social marketing opportunities, and may be limiting themselves substantially by only marketing their properties through "hard" methods (print newspapers, mailers, calls, etc.)

I have a BA in Media Studies/ Communications, training in digital video production and post production, and experience in digital marketing through email, Facebook, and other social media. 

Would you hire somebody to create video marketing of your property for YouTube and create a digital campaign to sell or lease your property? What type of rate would you think valuable? Would you pay 1 or 2% (or more) of the total sale price of the property for this service?

I'd like to start building up my REI career by bird dogging properties for investors and making commissions or equity stake in the investments I find.

How should I start this process?

I have an idea of where to find properties- MLS, drive bys, craigslist, loopnet. But how do I know if a property pencils out?

What numbers do I need to know initially before marketing it to an investor? 

And where can I meet local investors to build a list of potential buyers? 

Does the chicken come first, or the egg? (Do I find investors first and then look for properties, or do I find properties and then look for investors for them?)

http://sacramento.craigslist.org/rej/5073718435.ht...

This posting seems really salesy to me at first impression. What type of things should I be looking out for when looking for a mentor and working for real estate investors to get in on the industry?

What is a good strategy for someone in their early 30s? Buy and hold or flipping? I really like the idea of owning property and collecting rent. So over time that extra cash flow from my first property could be put into savings and saved up passively for a down payment on my next property, so in 2 more years I can own another one and then I have two cash flowing assets, and it builds up from there. 

My fear is that I save up tens of thousands of dollars only to have the building be condemned or have the market crash and I lose all my carefully thought out hard work. I guess that's a risk which I won't focus on.

Please help clear my mind from my skewed point of view of how REI works.

My goal is to buy a multiplex apartment building and live in one of the units. 

So I'm guessing that I'd have to put something like $50,000 down for that. That might take me 3 to 5 years to save. So I got the property, and I'm cash flowing a few hundred dollars a month. That's it?!? All that hard work for a few hundred dollars of "free" money? 

How do people make millions of dollars in passive income? Either they have to come from a family with money to bring big down payments to the table, or they have to save and save and live like a hobo for 30 years to build up enough cash flow. 

Convince me otherwise. I probably sound really stupid to a lot of you, but this is the beginner's forum, after all. 

@rob 

@Rob Beland Yeah, mostly trash, junk removal. I've been looking for other companies that do this as a way to get my foot in the door. Still trying to find my way in to REI.

A few weeks ago I posted in the forums and got some great ideas from other members about ways to make money and learn the trade. I think starting up a company removing debris and cleaning out foreclosed properties or vacant properties to be flipped by investors in my area would be something I would really be interested in. 

I would probably need a contractor's license? I wouldn't mind that as I could actually learn more about construction which could further my RE career. 

I would also be interested in commercial properties. 

What should I be looking out for and planning for in this type of business? Do you think it would be a worthwhile venture- why or why not?  

I assumed there would be a ton of selling going on, but is there anything I can learn at these seminars that is truly free, or should I not waste my time?

I'm going to the workshop this Saturday in Sac, wondering if any other RE investors are going and want to meet up?

https://richdadeducation.com/FreeWorkshop/Register/?Mid=1-3M5D

@Brian Rossiter I have been doing some research on student loan repayments and have found some solace of truth in repayment plans and negotiating down the interest rates. May I ask, were you able to get all or most of your interest reduced or eliminated? Did interest continue to accrue for income based repayment plans? I need to get a full time job first before I can start this process, but I think I'm close *fingers crossed*