First off I want to thank all those who have come before who have made this easier then ever to understand. May you live a blessed life knowing you have made a difference.
(Going from ZERO to Hero my quest for Real Estate Success)
OK, so I have decided to take on a new chapter in my life.
My Goal is to own a 6 bed / 3 Bath / 2 Car Garage / In-ground - Enclosed Pool and Hot Tub / On the Beach - Inlet in Destin Fl, Nags Head NC and One more location will be over seas and have not decided exact city but in the British Isles some where.
I am overcoming Clinical Depression from a rough divorce that has left me emotionally and financially devastated, But don't fret for my issues are only temporary.
I am going to start out with wholesale as I have to walk between 1-15 miles to talk to sellers. Which make closing deals my Number #1 goal as I really want my DL back. You never know how much you really miss or need it until it is gone.
I have been reading, watching and listening to everything I can on Wholesaling Real Estate with little to (NO) money down. As stated above I am penny-less. So I know that I have 2 options 1. Give it my all and take back my life. 2. Continue to procrastinate and let the depression get the best of me again. I have chosen option 1.
Now from what I have collected I need Sellers, Buyers and Investors (Crowdfunded Real Estate - Partners). Do not fret as I have collected a great amount of knowledge on this matter.
--- Everything that follows is my action plan and is examples of what I need to get done only. ----
Goal - Get Sellers, Goal - Get Buyers, Goal - Get Partners. Since I am starting now 2015 and the internet is filled with people for all the above goals. It makes finding them easier then ever. Even with no money if you understand social media and digital media.
Take action. Post 10-20 ads a day on any of the major trading sites (FB Groups, Craigslist, BackPages and others like them.) Create opt-in lists on free hosts, until first - second close.
At which point move sites and contact lists to paid servers. Hostgator and Infusionsoft.
Continue to post ads daily as 1 ad will never create a billion dollars with out friends. Just like no one man can stand alone. (Never put all you eggs in one basket.)
Make signs for streets to create brand awareness and build rapport within my local real estate markets as a player.
Make investor videos, seller videos and partnership videos 1-3 a week spot lighting properties I do not own and the benefits to each of the above clients. ( Fake it till you make it. Just like Amazon.com and Ebay.com ) If I am bigger then life and get enough players on my team we will win at the game of life.
Setup my opt-in list funnels to work for each type of client listed above for all my ads, websites and videos.
Now my lists are building and I will have to take orders and place orders for what my clients want, Since I am now the go to guy to for Real Estate Deals in my area.
Now that I have orders coming in for properties. I need to review wholesaling closing videos to make sure I understand what documents I need. Buyers Agreement Contract -Check
I need to contact a real estate attorney (Scary Thought as I have been burned by 2 attorneys in the past. Not real estate related.) But need to setup Escrow - Title - Closing
OK, so I have all my papers and people in place. Just need to get sellers to agree on price at 30%-50% below fair market value and get buyer to pay at 20%-50% over agreed contract.
OK, got both to agree to my terms and we should be closing within 30-90 days.
I fill great and ready to take on the world. JC
Hope you liked my plan of action and if I may have over looked something fill free to add comments. Have fun and enjoy. JC
Please take this as constructive. Have you thought about just getting a real estate license and focusing on a starting point for real estate as a career... where you could some day branch out to achieve your goal (the beach houses on the east coast)?
My thinking is... line up a set of very achievable but smaller "wins", like getting the license, learning RE sales from a brokerage perspective, working on building clients, getting/earning commission checks, ... then focus on the goal you describe.
Just a thought...
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
You must be a BiggerPockets member to post on the forums
Join the world's largest, most open Real Estate Investing Community online, 100% free forever!