Initially I intended to buy and hold/flip. Thanks to the many contributors on this website and the many articles for Newbies I was able to map a course as outlined in the beginners guide and seek a Mentor. I was able to find a Mentor whom has been investing in the DFW area for over 10 years now.
After meeting with her a number of times she challenged me to explore wholesaling first. Do at least three wholesale deals and begin to understand the process involved. To keep a longer story short I began driving for dollars and learning to evaluate properties and what may be a potential deal.
I got my first property under contract today and will be sending it to the title company on Monday. I read here over and over again that if you research enough on the website and follow the advice given anyone can do it as long as they execute. In less than 30 days of been a member of Bigger Pockets I got my first property under contract.
Thank you to my Mentor and Bigger Pockets, I hope to repeat the process many times!!!!
Congrats budddy! keep us updated
Congrats! This is exactly the inspiration I needed today. Keep us posted :)
Congrats @Mckenley Andrewx thats wonderful news!
Out of curiosity, do you have any tips for driving for dollars? I did this several times for some subdivisions around DFW. I found several vacant properties, and sent letters to the owners but didnt get much of a reply.
Also will you target owner occupied homes if they are distressed looking?
That is so awesome and exciting for you, I know. Feels great when hard work is rewarded.
Get through closing first, then repeat. I love reading these types of posts.
Awesome work. Congratulations. Was it in Desoto? I know folks that buy down there if you need a lead.
@Jared Smith Thanks.
Ezinwanne Hawkins Thanks will keep the blog posted!
@Samantha M. I found driving for dollars hard for the reasons you mentioned the property I have under contract was FSBO. So I would recommend making contact as soon as you come across the sign. My mentor tells me you have to keep sending the letters to these absentee owners and keep searching the owners online (eg spokeo.com) for possible contact information new addresses phone numbers etc. I have sent numerous letter I have not gotten a reply as yet its only been 10-13 days since they were mailed so that probably why. Keep at it don't let the lack of replies discourage you.
@Kyle Weimer Thanks.
Carlos F. Thanks. It was in Dallas about 6 miles South of Downtown. Looking in Desoto so once I find some I will definitely contact you for the Lead
Very very cool @Mckenley Andrewx ! I'm super excited for ya, and I hope this is just the beginning of great things for you!
That is awesome Mckenley Andrewx. Great work and let us know the numbers once the deal is closed.
How did you evaluate your comps - do you have access to the MLS or did your mentor help with that?
What were the final numbers?!?!?
Congrat! McKenley I hope to soon be following in your footsteps!
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