All Forum Posts by: Andrew Cordle

@Gabriel Ortiz

These answers could go on forever. But in quick answer:

1. Define your end goal? How much cashflow are you looking to have at the end. 

** Real Estate Investing is like a race, you must have a starting point and a finish line most people in REI never clearly define those two objects therefore they always struggle with what type, and when and where to execute their chosen REI Tactic.

2. Choose your tactic. 

  **Once you have an end goal, and in my opinion that end goal will ALWAYS be about cashflow, if not, then I would say you are more interested in RE Entrepreneurship than RE Investing. Once you have defined the end goal you must now choose YOUR TACTIC. Now this is where everyone differs at and I do not think there is a wrong answer here it is more about what you like, then maybe the area in which you want to invest in, price range etc. But you have to choose what tactic you want to do during your path of RE while you are trying to achieve said amount of Cashflow.

THINGS TO WATCH OUT FOR:

1. Paralysis Analysis -- So many investors get this. They just analyze and analyze until the kill ever deal. Analysis is great but there is no such thing as the "Perfect Deal" just do a deals.

2. Don't try to be all things to all Houses. I see this all the time people want to do this type of deal then this type of deal then one of these and one of these. BLAH BLAH BLAH find me one successful business that does that it doesn't exist. McDonalds is one of if not the most successful food franchises in the world but you cannot go to a drive thru and order a filet or orange chicken and brown rice. Albeit those items are food and McDonalds serves food... But they don't serve every type of food in America. The same applies to REI don't try to serve every type of REI to every house. Pick what you do and do it well. Create systems and procedures and then build a business.

Last 18 months or so we have done close to 100 Buy-Fix-Sales not that plus lease options plus tax leins plus subject to, plus multi family, etc etc. 

Anyways, hope that helps some let me know if I can help anymore. Below I attached one of our flips. Check it out. You can do these too!!!!!

Andrew

@Kyle Tweed

Welcome abroad to BP. I absolutely love it here and it has been a great way to connect and grow a business. Pretty much anything you need you will be able to find on here. Houston is a great market and its cool because you are close to several other major cities like Dallas and San Antonio which are all exploding as well. 

Here are 7 tips to help you grow your business:

1. New to BP?

2. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades"

3. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan.

4. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

5. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

6. Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums:

7. Set yourself up to receive free alerts to be notified of subjects that interest you:

If you need anything please let me know I will try to help out in anyway. 

Andrew

@Aaron Zuehlke

Welcome to BP. I as well am Buy-Fix-Sale guy just a couple hours south of you in the Chicagoland area. If there is anything I can help you with please let me know. 

Here are 7 tips to help you grow your business:

1. New to BP?

2. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades"

3. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan.

4. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

5. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

6. Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums:

7. Set yourself up to receive free alerts to be notified of subjects that interest you:

Look forward to seeing you around.

Andrew

@Jean Paul Rousseau

Are you looking to sale a house or all kinds of investing? I'm from ATL and although I am not an agent I may have several contacts that you are looking for?

Andrew

@Account Closed

Hey man was that one of your houses that I just bought from Networth 333 St. Marys Ln Marietta?

We should be breaking ground this week or next on that house. Either way, Nrtworth is a great source for RE investors in Atl I have bought over 6 houses the last 90 days from you guys. 

Andrew

@Layla Rahm

Hey congrats on your not on purpose investing!!! It looks like it turned out better than some people who spend years trying to figure RE out. I am from ATL so if you ever need anything please feel free to reach out as I am an active investor here as well. 

Since you are new to BP here are a couple things that could help:

7 tips to help you grow your business:

1. New to BP?

2. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades"

3. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan.

4. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

5. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

6. Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums:

7. Set yourself up to receive free alerts to be notified of subjects that interest you:

Good luck with investing in ATL and maybe SoCal. 

Andrew

Hey everyone, 

So we do tons of rehabs well over 100 last 18 months or so. We been investing over 12 years so we have a lot of good knowledge and experience in RE. 

But I want to see what BP Members can come up with, as the greatest marketing plan for finding deals that you could Buy-Fix-Sale. So, I want the marketing plan to be specific to target nice B or A areas that you could rehab and flip. 

Our monthly Budget is 3k per month for marketing. 

I want to try to come up with how you would spend the 3k per month if you were doing it. 

Example:

Direct Mail 1k (focus on Bankruptcy and Probate leads)

Facebook Marketing $500

Bandit Signs $100 per month

Radio Ads 1k per month

Door Knocking $400 (1 guy 10 hours per week) 

Anyways I would just like to see what BP Members could come up with as the greatest marketing approach for finding deals in an area. Not that it matters, but my area is ATL. I think the marketing concept would work at least very similar in every area. 

All right lets do this!!

@Matt Adamson

Hey man good to see you here on BP. I live in ATL but my wife is from Seattle and we are out that way all the time. I actually have an employee that lives right there Everett. And when we travel out there we stay at that Holiday Inn Express right there in Lynnwood. 

Anyways, here are 7 tips to help you grow your business:

1. New to BP?

2. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades"

3. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan.

4. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

5. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

6. Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums:

7. Set yourself up to receive free alerts to be notified of subjects that interest you:

Good luck with everything see you around!!

Andrew

@Crystal Williams

Welcome to BP. Its good to see you here this can really be a great way to grow your  business. I like the idea of Multi Family purchase that's a great idea for cashflow.

Here are 7 tips to help you grow your business:

1. New to BP?

2. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades"

3. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan.

4. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

5. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

6. Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums:

7. Set yourself up to receive free alerts to be notified of subjects that interest you:

I look forward to seeing you around. 

Good Luck. 

Andrew

Derick, 

At our Mastermind group we normally have a two or three lenders there. If you want to come and talk to them please come by. 

ICOsouth.com

We meet the 3rd Thursday of each month. 

Let me know if that helps. 

AC