All Forum Posts by: Allen Seto

Elijah Kerns I have learnt that the advice and guidance you get differs from agent to agent. Your house hacking idea sounds good and if it works for you then I suggest you find an agent who is willing to work with you to find a property suitable for what you want. You know your goals...and a real estate agent may not have those same goals aligned with his or hers. Everyone has their own agenda. Stick to your guns. Find an agent willing to work for you as well as with you. They are out there (I think).

@Lee Rimmer

I am also new and looking to dive into the wholesale strategy.  Don't be afraid to try things out on a small scale.  Although education is great (and I agree 100% necessary), there is nothing like getting out and trying something out for yourself.  Tons of info here on Bigger Pockets and so many people willing to offer help.  So ask questions and take action!  Best of luck!

Welcome @Thony Durand, I have just joined myself about week ago.  this site is fantastic and can get very addictive.  Which is OK because there are definitely worse thing to be addicted too...

Hi All, I would like to get some feedback and see what others think about my yellow letter.  Now this will be a letter I send out to some targeted leads using Mail Merge.  I would very much appreciate any feedback and please let me know what you think...

Dear <NAME>,

My name is Allen, and I am a local real estate investor looking to purchase homes in the <CITY> and surrounding areas.

My team and I specialize in alleviating many of the issues that home owners face when it comes time to selling their properties. Typically, when it comes time to selling a home, there are 2 options that the majority of home owners will use:

1.  List their home with a real estate agent, or

2.  Sell the home themselves privately

Now there are some pros and cons with both options. But the reason I am sending you this letter is to present, and let you know that there is a 3rd option available. My team and I identify homes that we purchase in “As-Is” condition and with all Cash Offers. This means for you:

• NO repairs required
• NO paying of high commissions for agent fees
• NO long list of expensive closing costs
• NO having to prepare and show your home to potential buyers, and
• NO waiting and wondering how long it will take until the “right” buyer comes along

This 3rd option can save you both money and time.  In addition, because we are able to make cash offers, there are no conditions for financing that can potentially handcuff a deal, and we are able to close very quickly, typically within 14-21 days or less.

If you do wish to discuss further, I can be reached at <PHONE-NUMBER> or by email at <EMAIL>. My team and I will do our best to make you a fair offer and get cash from the property sale into your hands as quickly as possible.

@Shawn Crawley what leads did you target?  Vacant homes?  Divorce?  Pre-foreclosure?  Others?

@Shawn Crawley good job!

Can you share approximately how many leads you mailed out to in order to get these 2 properties to look at?  How many weeks or months after initial contact did you start to get responses?

Gustavo Martinez , first get those negative thoughts about "looking weird" out of your head. If anything, those limiting beliefs will hold you back. But I agree, going to meet ups and REI clubs will help for sure....but getting the word out to anybody and everybody is important too. Who cares what they say and what they think. As long as YOU know you are working towards your future...its all good.

@Daniel Peavey Congratulations!!

I hope to get there one day.  And people such as yourself provide the inspiration and motivation.  Thanks for posting your accomplishments!

Hey @Sean Crean, I think you have a good plan.  If you have the means, triplex might provide the best bang for your buck.  The difference between getting into a duplex vs. a triplex is not that much (typically) and you are getting an extra door.

@Rick H. and @Jay Hinrichs  Thank you.

Appreciate the words of wisdom.  So much to consider when starting out....