Hey Kyle, what do you mean by jump into your first property? What type of exit strategy are you going to focus on?
Thanks for responding . I may have used wrong wording .. ( jump) what’s meant by jump is , I’m not intending on easing a foot in checking the water temp. I’m motivated & ready too learn, and dive in ( per due diligence ) .
Plans buy & hold .
I’m currently searching local area ( the colony Texas , little elm ) as well as my old home town.
Cheaper market ( Jacksonville Ar)
I am not sure how far along you are, but I would suggest you have a foundation to stand on. Forms, marketing strategy, title company, general idea of repair costs..are you going to look for properties yourself or have someone bring deals to you..i.e a wholesaler or do you have funds or access to funds to buy?
I’ll be honest Mr. devin.. I am a beginning beginner . I realize those entities are needed but didn’t realize upfront at this point prior too determine properties / locations / etc.
I’m searching for persons locally that may find some value in anything I can offer all along while I walk along side their deLs and learn.
Only thing I’ve done is used years putting myself financial in a decent position , credit wise in a fantastic position , the rest... I’m open & ready too learn . The things you’ve advised I’m hoping too learn in time from local persons generous with their time & knowledge .
You don't have to have those things in order to start. I am just saying if you send out your marketing and get a call from a seller, what would be your next move? When I send out marketing I get calls starting about 2 days later, that is not the time to look for a script, property info sheet, contract, etc. If you have it already you are in a better position to chat, then head over to the house maybe even with a contract in hand just in case...Have you found your local REIA? Great free information and contacts there.
Mr devin, you are 100% correct , stay prepared too keep from having too get prepared at a moment notice ,
It’s also good initiative in outsiders eyes looking upon me during dialog or possible opportunities
It’ll show the level of dedication I’m on . You are completly collect @devin
Hello! @Kyle Haskins
Welcome to BP, and congratulations on making the decision to invest in your future via real estate.
I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.
First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:
The second is a post that will help get you focused with your real estate investing goals:
The last one is a post that will help you choose an “investor friendly” real estate agent.
There are many agents out there, but it’s important to choose the right one.
I love answering questions if you have any! Good Luck :)
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