All Forum Posts by: Brandon Martinez

@Benjamin Hedden is the $20,000 invested what you spent on the rehab or does that also include your down payment/closing costs of your loan?

Hello @Silas B., Eyal Ron with Iron City Insurance Brokers can help you. He also has investment properties in Alabama so he can offer insurance advice from the perspective of a local investor and not just an insurance broker.

Hey Logan, I also just began investing in the Birmingham area. Adam Snow is a good realtor to work with in the area. I am still learning the various neighborhoods so I can't offer much insight unfortunately.

@Account Closed I just started buying rental properties in Birmingham and I agree with what you said.

Hey Alejandro, good for you wanting to start your own business. More people should try it out, it's a great feeling. A few options:

- Cut your personal expenses (going out, buying unnecessary stuff, vacation, gifts, etc.) and get a second job. Save as much, as quickly as possible.

- Find a local vacation rental company, work for them gaining experience in where to host airbnb's and how to keep them rented. Then take that knowledge and present your business model to people you know with money (family, friends, dentist, attorney, Dr., etc.). If you don't have experience negotiating/getting people to give you money check out the books "Money People Deal" and "Ten Commandments" by Stefan Aarnio. They give some practical advice on how he approached people to ask for real estate investments.

- You can start off by renting out your car using a platform like Turo. Less money to start off and it will use the same principles as renting an airbnb. Knowing where people rent, what they want in the car, customer service, etc.

Finding money isn't the hard part of building a business. It's being able to push through the exhaustion and tedium that will be majority of the work you'll do until you can pay someone to do the **** work.

Hello Rutland, I am about to close on a SFH in Birmingham that is currently rented to a section 8 tenant. If you send me an email I'll setup a reminder to send you some information. My email is in my profile.

Eyal Ron at Iron City Insurance Brokers. He also invests in Alabama so he has a good perspective on what coverage you'll need from an investors view point.

Thank you @Bob Okenwa, I really appreciate your feedback. I didn't think about how the offer is structured helping overcome higher offers.

(Phoenix, Az)

Hello everyone,

Thank you in advance for taking the time to read this. My fiancee and I have been searching the Phoenix area for properties to buy and hold without luck. We want to start in this endeavor with $80k in cash and finance the rest. We are ready to buy anytime so any realtors and wholesalers please feel free to reach out to me. I hope everyone has a great week!

Hello @Aaron Lietz, when seeking private lending it is always easier to convince someone to loan you money when you can show them a few successful deals completed. I don't know if you've completed any deals but if not, fund a few with traditional loans and your own money, then go back to your potential private money sources and show them your track record and how they could have been the recipients of that interest. I can see them giving you those excuses that you stated simply because they don't have enough "business" trust built with you to give you their money. I haven't used private money for real estate but I have used private money for building companies and getting the money has always been about creating a sense of trust and comfort with the person giving the money.