All Forum Posts by: Tiger Sun

Everyone is right. It's all about building relationships. Real Estate is a relationship building business.

The best way to do this is to CLOSE some deals. It's rare for realtors to come by someone that closes deals. Down in South Florida, the realtors get's tons of BS offers and many back out on inspections. Close one or two and you got the upper hand.

That being said, start at the MLS and comb through it. To get the Pre-List REO's, you gotta close on them and to close on them as of now, you got to get them from the MLS.

As for contacting asset managers, more than likely they will not want to bother talking to you unless you can bring some a large amount of cash to the table or if you closed numerous deals with them in the past. I tried doing this once. I keep getting directed to brokers...

Even a simple website would do you wonders. I get countless objections from people I call that question my "legitimacy" as a business.

A simple referral to a website 90% of the time defeats the objection. Not only that I find out most of them never bother to even look at the site.

It's about branding and making the client feel secure. For some reason a web presence makes them feel secure.

Honestly it gives you more credit than it should and even the most simple websites would do the trick.

I admit I am a new investor and I did fall for the hype of wholesaling being easy and all that junk. Dove in headfirst without the slightest clue of what I was doing. Made a bunch of mistakes but fortunately loss not that much money (another perk of wholesaling).

But hey, I am still around and currently trying to get my 3rd deal done. It wasn't easy but it wasn't as bad either. Compared to working at a 9-5 at some job I wouldn't like, well, it wasn't bad at all!

Anthea, Go for it. I'm officially 6 months as a "Wholesale Investor" and I am proud to bear the name. However I didn't get this far without help from a mentor and a variety of friends. A good tip I believe someone mentioned already, find your buyer's first. Saves you a lot of headache.

The way I see it, wholesaling is a good way to create some good cash flow and build some reputation to get a foundation in the Real Estate business. Real estate is a huge window of opportunity ranging from wholesaling to subject 2's to preconstruction.

Looks like my old thread got a sudden burst of life. Well, I'm glad to know I am not alone.

Just got back from another real estate training. Got some new ideas from the older guys long rooted in the game.

I think the best part about starting off young is the fact that you have no previous conditioning from the world to make you arrogant. I can't tell you how many people think I am crazy for doing what I do.

You can also see if the illegal garage conversion can be made legal again.

In my area, we prefer the conversions as it ups the value up and doesn't cost as much to get legally permitted.

However, you should always make sure the new addition is structurally sound and up to code. Safety first!

I got the LLC down as well as a good investor friendly title company that knows and does a lot of double closes with the other investors in the area.

However, I do see your point in regards to bugging the listing agents. I can understand why the veterans are able to just spam offers. They still have relationships with a couple good listing agents that they can always do business with.

I am going to do what you say and not just toss them out one by one. I would probably get annoyed as well if I get constant lowballs. I did see homes that have been on the market since February so it's possible here.

Great advice Michael. Thanks!

I am a no wage high school student and I managed to scrounge up money and gather people to help me start investing in real estate.

It can be done! Sometimes you just got to be a bit creative. Always leverage your abilities and skills.

Myself and reverse search tools - available through Google, Overture (think they might be caput) and Alexa.

Oh Oh Pick Me! I know how!

I've been doing this junk since I was 14. . .
Here's a tidbit of important info.

Structure your Ad Campaigns and Ad Groups in a fashion that allows you to optimize every "keyword grouping" and generate "qualified traffic"

For example.

My Ad Campaign would be :
Super Pocket Bikes

My Ad Groups would include:
X18 Super Pocket Bikes
Fast Super Pocket Bikes
110cc Super Pocket Bikes
X19 Super Pocket Bikes
Cheap Super Pocket Bikes
and etc...

For each of these Adword Groups, you than ad their respective keywords ONLY.

For example for ad group X18 Super Pocket Bike, I would have keywords:
110c X18 Super Pocket Bikes
X18 Super Pocket Bikes Fast
X18 Super Pocket Bikes
X18 Nitro Super Pocket Bikes
(Basically anything with the words "X18 Super Pocket Bikes")

THAN, for each of these ad groups, create AT LEAST 2 ads in which the keywords are prevalent. The reason you want at least 2 is because you ALWAYS want to test your ads. See which one does better and than keep that one and scrap the other. Meanwhile, create another to test against as well.

You repeat this for every Ad Campaign, Group, and than Keywords. By doing it in this fashion, you can control and track which keywords are doing better and optimize their relevancy better towards Google's rankings.

ALSO, you must do this separately for each type of keywords "Phrase" [EXACT] and Broad. I suggest you go [EXACT] First. Then Broad, and lastly, "Phrase"

For a successful google campaign you MUST be diligent. My Google Ad Campaigns run about a list of 50 separate campaigns divided in hundreds of ad groups, and than into thousands of key words.

There's the basics for you. If you can get this down, well, than you already doing better than most people. (please be aware that this method best optimizes you Dollar Per Click. You can always get more traffic by pouring in money into the campaign, but by doing it in this fashion, you don't pour as much)

Oh and make sure you keywords wisely selected as well. There's not point in building a big ad campaign on a keyword with no traffic.

Yeah.. There's too much to post ...

Tiger

Hmm...

Try calling the We Buy Ugly Houses people first and see if they are interested in such a deal. (don't disclose the address yet)

If they are, great! Offer ahead.
If not, that's ok as well. As long as you make sure the properties really are "good deals"