What would you do in the meantime?

Question

I just bought my first house hack in Boise, ID and am beginning the process of financing (at least) 50% purchase price on a BRRRR. I will be financing for a year, but I want to be doing more than just sitting on my butt while waiting for my biweekly wage earnings, reading, and doing research.

I want to be ACTIVE. I don’t really care (at least very much) about expediting my accumulation of my initial investment capital. That money will come, and there’s a lot I can learn during this valuable phase. What I DO care about is networking and building systems and experience.

So this begs the question: how do you network and build a team when you aren’t ready to dive in?

My initial thought was bird dogging. I’m great at running numbers on properties. But I need an investor with the capital to buy those leads.

If you have any input on what I can or should do during this time, or know anyone who needs a bird dog in Boise, let me know!

Jonna Weber · Answer

Hi @Allen Nida! Congrats on the purchase!  Come on out to our next investor meet up.  (next one is September 25th at Cafe Ole Boise at 6pm). There are a lot of great investors in our market who would be interested in tips on distressed properties.

JD Martin · Answer

One strategy is to make sure you're seen and active in your local real estate meetup group. This doesn't require any money and lets you get your face in front of people. A big part of this asset class is making and maintaining relationships with people, and if you don't like to do that it's really difficult to be successful in real estate.