All Forum Posts by: D'Mark Poole

Hey Anthony & Wayne,  

I thank you both so much for your input. Both comments have me brainstorming already! Wayne "You're Good!" But I've read somewhere that "it's what you do with that data or knowledge". I don't usually gamble, but I'm gambling on myself that this information will be put to good use because I'm still in the very early stages of REI. I read a lot, and you're right Wayne. If the property happens to get re-listed, the seller may be a little bit more motivated with a reduced price. I'm in no hurry. On the other hand, the seller may just go fsbo (off market). Although I'm new, when you're taught something the correct way, you usually do things right! As for the criteria, it's just your average stuff for a SFR that my buyers ask me to find. You have a "paint-by-numbers" system? I don't know why I ask that question. I was brainstorming while typing. Thanks again fellas!

I just received links to the MLS through my investor friendly re broker. I've been pounding the concrete looking for my first deal. My question is this, I know I have access some other investors in my area may or may not have. What's the advantage of having this listing? Actually, I have 2 list that are sent electronically directly to me first thing in the morning. My broker knows I'm usually up at 5 a.m. every morning although I've fractured my neck (Still use to getting up for work at this time after 5 months of recovery). Lol!

I'm still fairly new to REI but I know I have something here that's golden. The 1st list is of the criteria I sent to my investor friendly broker which I would have to go through his agency should I pursue any of the properties on the listing. The 2nd list is compiled of properties that currently came off the MLS and may be listed with another agency in 2-8 days. If not, the property probably went FSBO.

How do I use this information to get my first deal done?

What type of strategy should I use for the SFR acquisition with no money down on my part?

I'm looking to wholesale-flip my first SFR deal in which I already have my buyer.

I'm also looking into purchasing my first multi-unit building in which I will reside in one of the units while renting the others. The same questions apply to the multi-unit building.

Any advice, suggestions, or comments would be greatly appreciated!

Welcome to BP Ryan!

I'd suggest you start here:

https://www.biggerpockets.com/real-estate-investin...

Google your local REIA. You can connect with investors in your area. Also, check out Meetup.com This is where I found group meetings of all sorts.

Now that you have this little bit of knowledge, Get Out There And Find Deals!

Here's some motivation for you; "I'm out pounding the concrete with a fractured neck doing my Due Diligence." If I can get out there and locate deals with a fractured neck, no car, and no money of my own... What's stopping you?"

Continue to educate yourself through BP and various other resources available to you, I have confidence in you that you'll succeed if you stick with it and make it happen. I haven't done my first deal yet but I have 2 potential buyers already just buy getting out there and talking to everybody and I do mean EVERYBODY!

When folks hear you talking about you're an investor, antennae will go up all around you. Before you know it, you've got colleagues up the ying-yang!

I hope this helps. Stick around, you'll learn a lot from everyone as well as add to the BP community. Sometimes we forget where we come from and who helped us along the way. We're all here to connect and help each other. So if you think you  have nothing of value to offer, think of the person that signed up after you! I always come back to this forum to give welcomes to new members (experienced or novice).

Hi Stacey.

Count me in! Please add me to your list.

Welcome to BP Gabriel!

I'd suggest you start here:

http://www.biggerpockets.com/real-estate-investing

Welcome to BP!

Welcome to BP!

I found mine by walking right into one of the real estate offices where i was farming for houses. This is a nationwide real office. The Broker wasn't there so I spoke with his accountant and found out the attorney they use wrote some of the by-laws for the state in which I reside. The accountant gave me everything I needed. Of course you got to research, like i did and make your decision. 

But if you're fairly new to rei, I'd suggest you start here:

http://www.biggerpockets.com/real-estate-investing

Keep the contact and relationship going. Even if he doesn't have the time to mentor you because he's always busy, he can provide references and resources for you. Ask him if you can put their organization on your buyer's list. My mentor doesn't actually mentor me ( little story there), I am given a task. When I complete it, I move on to the next project. I'm fairly new to rei but I've educated myself enough to get out there. You can provide sweat equity for any investor, rehabber, contractor, etc. Attend your local REIA meeting. You can find all kinds of mentors, but you have to know your niche.

I'd start here:

http://www.biggerpockets.com/real-estate-investing

Welcome to BP Donna! 

Can you tell us how you found BP?

Your investment area, city, states, etc?

How can we help you?

Please tell us something about yourself.