All Forum Posts by: April Crossley

[email protected] Please add me to your list. Thanks! 

People way over complicate REI for newbies. In this market— people are dying for food deals. Tripping over each other to find them. What’s happening to you is overwhelm. I don’t like when newbies get sucked into the rabbit hole of bouncing around forums on bigger pockets all day. All it does is make your head spin. It’s not as complex as everyone makes it sound. Especially in this insane market where everyone dying for more deals. It comes down to two things: 1. Find deals- if you can’t find deals, no one is going to take up with you or give you funds. If you find a deal, anyone will JV with you or buy that deal from you. This is how I started. Zero funds, took the deal to an experienced investor.. did a JV split. Don’t kid yourself tho- the more experienced investor brings money and more knowledge to the deal so they aren’t going to do a 50/50 split with you. Take the experience anyway as it is priceless. 2. Find people that actually do deals. Why? Revert to question 1. Where are the people actually doing deals? They are buying cash at sheriff sale and tax sale. They are buying cash at auction. They are at meetup groups looking for more people to bring them deals. Find deals. Find cash buyers. That’s all you need to know. If you can learn about those two things.. you are set. My advice— stop reading so many books and forum threads and take a no BS class or course on deal finding tactics and finding cash buyers. Master those two things and you will start doing deals. You will learn a ton by jumping in with an experienced cash buyer to guide you. If you find a deal and they turn down a JV with you asl them to be brutally honest with you about WHY. A lot of times it’s bc it really isn’t a deal at all. People bring me “deals” all the time.. and they aren’t deals. Don’t be offended when they tell you it isn’t a deal. Just learn what would make it a deal.

Joint venture :) Bring the deal, bring sweat equity, someone else brings the funds. That’s how I got started with zero money.

I can tell you that I am from the northeast and my busiest time of year as an investor is winter and over the holiday. I ramp up my marketing a lot during this time. If family asks what you want for xmas... tell them you want a roll of stamps :) That’s what I used to do when I was new and they thought I was crazy... but stamps for xmas was worth it. Send a xmas themed postcard if you want to save some money instead of a letter. But whatever you do, I would not ease up the marketing

Come join us for the free event and network with other investors in the Berks And Surrounding area! This month we will be discussing Wholesaling and will have a panel of wholesalers to answer your questions! 

Come Join us for FREE and connect with other investors in Berks and Surrounding Counties as we discuss: The Investor Starter Pack-- We are having a panel of speakers including an attorney, an accountant and an insurance agent to give you advice on everything you need to get started as a new investor! 

Come Join Us at our FREE meetup group for investors in and around Berks County, PA.  Jan 3rd we will be discussing Hoarders and buying hoarder houses. 

Awesome! Thank you everyone! This definitely gets the wheels turning. I will let you know how I make out, I'm going to put some options down on paper for her :) 

@Eddie V.@Lesley Resnick@Joel Owens@Andrew Johnson @Chris Stephens thank you so much! I so appreciate everyone's insight. I am definitely not self managing as I like to be as hands off and passive as I can with everything these days. I will most certainly look into a parking management company. I actually didn't even think to do that. I was going to talk to my property manager about it, but it makes sense that this is a completely different business in itself based on all the insight and suggestions. Thank you everyone for taking the time to reply :) 

@Matt Clark Thank you! I did forget my property management expense in those numbers so I added that back in. They are having the parking lot re-sealed prior to sale. But I will definitely go over all the expenses as far as insurance, snow removal, etc with a fine tooth comb and ask around for what others are paying :) I appreciate your insight!