Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

693
Posts
357
Votes
Vincent Crane
  • Realtor
  • Atlanta, GA
357
Votes |
693
Posts

If you've never done a deal, this post is for you

Vincent Crane
  • Realtor
  • Atlanta, GA
Posted

I think so many of you will be able to relate to this post I'm about to write. 

I was 24, and just finished reading rich dad poor dad, and was ready to find out how I would strike it rich. After some googling I came across biggerpockets, and I was hooked. I've listened to every single podcast, read hundreds of articles, and was saving about 40% of my income, in hopes of buying a house to house hack with. I couldn't find a house where the numbers worked, in an area that I wanted to live here in Atlanta, so I had to figure out some other way. I figured that wholesaling was a faster way to earn some income on the side and then use that to learn how to find deals, build my network, and eventually use that earned income to buy rentals. 

I got my roommate to partner with me, and we drove for dollars. We drove past about 10,000 houses over the course of 3-4 days and built a list of 1,300 houses that we would mail. We started sending out direct mail, and getting calls. After a lot of denials, and about 10 offers, we finally got a deal under contract. After marketing the deal on BP, craigslist, and the local BP meetup, we found a buyer and closed the deal. It ended up yielding us a $6500 check that we're going to reinvest in our next 6 months of mailing, and any future wholesales, rehabs or new builds we find through our next rounds of mail, will be able to double or triple our mailing campaign to grow our business. Things changed for me when I started going to BP/REI meetups, and meeting people that were doing deals. You'll find someone who is similar to you, but further along. Ask them what you should do, and eventually you'll find your path. It really is that simple, go to meetups, get coffee with people, and you will figure it out and find an option that works for you.

Taking action is the most important thing. 75% of people I meet at meetups have never done, and will never do a deal. Don't be that person. It doesn't matter where you start, it just matters that you start.

  • Vincent Crane

Most Popular Reply

User Stats

5,544
Posts
2,364
Votes
Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
2,364
Votes |
5,544
Posts
Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
Replied

@Vincent Crane --Taking action is the most important thing. 75% of people I meet at meetups have never done, and will never do a deal. Don't be that person. It doesn't matter where you start, it just matters that you start.

hmm; taking dumb action(s) is worse than none at all.  Don't be a lemming, learn before you leap less you only weep.

Loading replies...