All Forum Posts by: Avery Rustad

Hello Charles, while I cannot directly provide you with a handyman in your area, I will recommend checking out the Network tab at the top of this website. Under which, you'll see a Contractors page. If you click on that, you can select what services you need and it will provide a list of reputable servicemen to complete your task. 

Hope this helps :)

Seems like a great idea. I wouldn't recommend cutting him a deal on rent, however. I would probably pay him cash for his services, because hopefully market rent will rise and you don't want to be stuck with a tenant legally paying X amount of money under market value because of a deal you made at the beginning when they painted the interior that one time. The tenant will appreciate your business and you'll appreciate his. Keep it business oriented. 

Hope this helps :)

I guess to answer that depends on your current situation in real estate. For me, as an REI newbie, I would be fine flipping it, taking the profit, and putting it into a down payment on a cash-flowing BRRRR property. If I already had a substantial portfolio, I would probably keep it to just build long term wealth through appreciation and tax deductions.

Hope you find some use in this response :)

Hello Tim, while I am not from the area and cannot directly provide a lender, I will suggest checking out the Network tab on this website. From there, you'll see a Mortgage lender option which will allow you to sort through loan options that BP has partnered with based on your credentials and locations. 

Hope you find some use in this :)

To answer the question of "Do I find the house or investor first?", find the investor first. Find out what they want so that you aren't wasting anyone's time when searching for potential investments. They will provide you with a list of criteria and you should base your searching around this.

1. To answer your first question, I've included a part from fortunebuilders.com's article (https://www.fortunebuilders.com/wholesale-buyers-list/) on the topic
2. "1) Attend networking events and trade shows to meet interested investors.
   
3. 2) Launch an email marketing campaign to reach large numbers at a time.
4. 3) Start a direct mail campaign searching for potential buyers.
5. 4) Hand out business cards to anyone you meet, letting them know what you are looking for.
6. 5) Create content online to spread the news about your real estate investing business.
7. 6) Build a strong website to attract potential leads to your business.
8. 7) Post on social media and begin building an audience online.
9. 8) Place a few well-positioned bandit signs in your market area.
10. 9) Look around the neighborhood for “for rent” signs.
11. 10) Search Craigslist for real estate investors who may be searching for a new property.
12. 11) Partner with a real estate agent who may know of interested buyers in the area."

Another way to do so is to build your reputation on biggerpockets. Get yourself out there by responding to people's questions and doing their research for them. People will appreciate and begin to respect your time and effort diving into their issues. At the end of the day, that's what wholesalers do right? Free up time and effort for investors in exchange for a future reward. 

Partnering with a real estate agent might be a great idea, just make sure you vet the agents and find one that works with investors. 

To answer your second question, try skip tracing. I've included a quick video (https://youtu.be/Ye9ngKUBP_Q) on how to do it, made by a very reputable house flipper who goes by the name Flipping Mastery TV on YouTube. 

Hope you find some use in my response :)

For contacting the absentee owner, consider skip tracing. https://youtu.be/Ye9ngKUBP_Q <- this is a video on how to skip trace. As a buyer, you can generally expect to pay 2 to 5% in closing costs, most of which go to the lender-related fees at closing since the seller is responsible for paying the real estate agent fees (both the buyer's and seller's agents). Also, the link I just shared with you is made by a fairly reputable house flipper with a ton of experience, so I would suggest either picking up a couple books that are shown in the bookstore on this site, or watching some of this guy's videos to learn more. Hope this helps :)

Under the Network tab on this website, if you click on "Contractors" it will bring up a list of services. Once you click what you need, it will bring up a list of reputable servicemen in your area to get the job done. Hope this helps :)

https://www.homeadvisor.com/sem/category.Plumbing.10216.html?gclid=CjwKCAjw9vn4BRBaEiwAh0muDIf0TcsAjKGOtHr3KYATta94EZTvcoOsOebZFVD9S3In5lW_ERd4PRoCK94QAvD_BwE&ciq_3005=cia_9650&sar=true

You can find reputable freelance plumbers through the link above. Same can be found under the Network tab on BP when you click on "Contractors". Hope you find some use in this :)

So post rehab it valued at 70k? Great additions too! Another bedroom and two bathrooms, jeez. Great cash-flowing value-adds right there. Congrats on the deal :)