All Forum Posts by: Brian Ballard

REI meetings are your best bet... Most have an upfront cost to get into the meetings though. investment in your future success lol.

Most hard money lenders will allow you to use a proof of funds for offers based on your credit. Just have to talk to them and ask for one to use in making offers. You will also need a letter from them accompanying the proof of funds stating that you have access to these funds... pending approval of course.

Finding wholesalers on craigslist is easy.... Just search " ARV " or any other term they may use exclusively. Most of them are never in the teaching mood let alone in the mood to answer calls.

Another way would be to do sandwich lease options. You don't need any capital up front for this, just a motivated buyer and seller.

Best of luck!!

Brian

Everything people have said are great ideas! Follow all of them. Seeing how you have limited funding, you would need to find either private lenders or hard money lenders for flips. Rentals you are going to need different types of funding due to those having high interest rates and points associated with them. Be careful with mortgages though as some require you to live in the home... not rent it out. REI meets are a great way to find them along with invaluable information on how to find a home, estimating repair values, finding comparable homes, where you should be targeting, demographic of these areas, insurance and legal aspects, profit margins. There is a lot to be factored, learn all you can before making that leap!

If they are experienced, this will not be a new thing or an issue at all. Making an offer will typically require a proof of funds plus an earnest money check (Photo copy works). Let them see the property first, review the numbers to make sure it's a solid investment for them... then after that tell them you would need a proof of funds.

Another way I have done it is prepare a presentation packet on the property. Outline pertinent things and cover what the investment amount is and what the return on their investment would be. Include a few pictures and a description of the property and repairs if needed. Send this to them, asking for a proof of funding if interested and then make an appointment to view it with them.

Hope some of this may help,

Brian

Can anyone make suggestions for agents around the Phoenix area? 

Specifically looking for single family homes in all Maricopa County.

Hey everyone,

A little bit about myself... Attended college in Michigan majoring in Networking/ IT Security then switching to Psychology. After three years of that, I left to join the Marines maintaining AV-8BB Harriers. Honorably Discharged in 2014, I moved to Prescott working on my commercial license flying helicopters. Recently in 2015 I have been attended multiple seminars, video conferences, lectures, classroom type events, and tons of other things expanding my knowledge base in real estate.

Plan on doing business in Phoenix area expanding to Flagstaff and Prescott as opportunities are discovered. Also having a colleague in Michigan working in the same manner.

Primarily looking to wholesale the prospected homes I can get under contract initially, moving into rehabbing homes then reinvesting in buying and holding.

Was told once that "We are only worth as much as our network in this business". Through seminars and meetings I have been working to expand that network, and this seems like another great step towards that.

If anyone is in Arizona it would be great to get in contact with each other. Look forward to hearing from everyone!

Thanks,

Brian