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Updated almost 6 years ago on . Most recent reply

User Stats

8
Posts
7
Votes
Tristin Sellers
  • Rental Property Investor
  • Indianapolis, IN
7
Votes |
8
Posts

Idea for making money, any tips?

Tristin Sellers
  • Rental Property Investor
  • Indianapolis, IN
Posted

So I am thinking of going door to door, cold calling and emails/physical mailing properties that look like they could be deals that are not on MLS. Then when I get a general number that they might sell for, give that information to a investor in my area, or out of my area with information like

*crime in the area

*condition of the property

*are there renters in there still?

*is there an eviction process currently

*price of the real estate + repairs

*cost of repair and monthly break downs

*ROI estimates

*Rent prices in area

*average income per family

*other info they want since I'm new to all of this and dont know alot about what is needed

I am new to the investment world and only make 8$ hr at my current job, that just simply won't work for investment so I need to get creative and find financing. For a service such as this what do you guys think is a price?

Is this a good idea if I dont really know what I'm doing? Is there a better way to make money while doing this or something like this?

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