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Posted almost 10 years ago

Day 16 - 22 of 90 (04/05/14 - 04/11/14)

Day 16 - 22 of 90 (04/05/14 - 04/11/14)

I'm racking my brain. I've beaten it against the wall. I unscrewed my cranium and dunked my grey matter into a vat of rum, twice.

The Subject-Tos aren't a bad idea. The problem is that I would have to locate a motivated seller in a quick amount of time that met the right qualifications for that idea to be plausible. The "real world examples" that I am getting in this book... those numbers wouldn't work in this area. I can't take a mortgage payment of $1,000 and rent it out at $1,500. Average rent in the area is $600.

Foreclosures will take too long. I would have had to start my Yellow Letter campaign ages before I even issued this challenge to myself in hopes of getting a response in my time frame.

I'm turning to you guys. The people of BiggerPockets. What should I try next? Where should I look next? Am I correct in my defeatist attitude? Should I realize that 90 days is unrealistic and shoot for 120 instead or 150 or more?

help.


Comments (2)

  1. Did you throw the towel in? Or just stopped blogging @Dan Holden 


  2. I would try advertising deals first even if you don't have any in the pipeline so that you can build yourself a buyers list first and then go out and hustle to find yourself some deals to sell. When they call you tell them the deal you advertised just went under contract but you have others and that's when you qualify them from either a cash buyer or end user looking to occupy the property. You ask them what exactly it is they're looking for so that you can tailor your deal hunt to their needs and in the process you learn what to look out for when looking for deals. Hope this helps man.