Updated about 3 years ago on . Most recent reply
New Guy Starting out in Real Estate
Hello All! My name is Dwayne and after a failed insurance business, Ive decided to give real estate a serious go. I have networked with local investors in the area, and their advice to me is to get educated and keep looking for the RIGHT properties. Because of the last business venture, I have little cash and credit to work with. But apparently if I find this deal that fits their appetite they will be willing to work with me. Ive started a cold call list and havent had any biters yet. I would love any advice and networking opportunities that are available! Have a great day and look forward to working with you.
Most Popular Reply
Hi @Dwayne Webb, Congrats on taking the initiative! There are some proven strategies to farm and market to an area and find those motivated sellers - stale listings (but may not be a lot of those currently), distressed properties, "don't wanters". Do you know how to get ahold of the notice of default or pre foreclosures aka property owners who are behind in mortgage payments?
One of my dear friends is an investor and agent in Columbus. He is also a GC so likes the BRRRR strategy. He would definitely be interested in in a deal. So as @Scott Allen suggested, familiarize yourself with the Columbus market and what makes a deal an actual deal and why.
If you have a deal, you will have no problem wholesaling or flipping the contract to an investor with cash and/or credit.
Go get'em!