Just getting started in real estate investing in Colorado Springs

Just getting started in real estate investing in Colorado Springs

Real Estate Investor · Colorado Springs, CO · Member since 2008 · 1 post · 0 votes

I have been studying real estate investing for a year now and decided to get my feet wet. Any advice I can get would be most appreciated and helpful. I want to buy with no money out of pocket and flip to investors. Wholesale

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  • Real Estate Coach · Atlanta, GA · Member since 2008 · 80 posts · 5 votes
    18y

    Just remember, being in real estate and having to spend no money is not as easy as it used to be.
    I would suggest finding some of the largest buyers of real estate investment properties in your area. You can do that through tax records or going to your local REI clubs.
    I would suggest finding about 20-30 of these investors. Set up an a appointment to talk to as many of them as possible. Your goal would be to find the one or two investors that are currently looking to buy.
    Tell them you would like to work directly with them, and bring them the best deals possible. Any buyer would welcome that.
    In return you would like to be compensated for your efforts once they purchase the deals you bring them.
    This is many times refered to as being a "locator" or a "bird dog".
    I would also learn as much as possible from these individuals. What you are doing is establishing a win-win relationship.

  • Real Estate Coach · Oakton, VA · Member since 2008 · 695 posts · 43 votes
    18y

    Wholesaling is a good way to start out. However, it's tough in many markets right now.

    I would study the wholesaling section...do a lot of direct mail and remember you can't be cheap on your marketing.

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