Direct purchase from a lender as a new private investor

[Gary Dezoysa]

I've seen numerous posts here that it's slim to nil a lender will directly deal with a private investor with no history. Why "history" matters I don't have a clue since it seems like a straight purchase and sale, maybe their time or information is that precious.

Other posts shine rays of light and say it is possible to find lenders willing to show their inventory with enough outreach.

I'm targeting Ohio and maybe a couple other states depending on how many calls I might need to make. Do you guys think if I make 50 calls a day, I'll find a lender willing to sell direct to me? Or is this a complete moonshot? 

I have no experience. But I do have 50k plus another 5-6k/month to invest. I'm targeting NPN notes on houses around the 50-80k FMV range.

[Chris Seveney]

@Gary Dezoysa

Look at it another way - how many spam phone calls do you answer? How many spam emails?

This is a very small industry and most sellers don’t waste their time with newer investors.

One reason why is we call them tire kickers. They never buy anything and do not have the funds

They take a guru training program that says you can learn in a weekend how to find fund and flip deals and make $250k a year which is a joke.

After the training they go out in masses and start calling and emailing people and essentially blackball themselves but also make it much more difficult for new investors.

Your best to buy your first deal off a website like paperstac or from a servicer with a trade desk. That way you can learn the process.