All Forum Posts by: Jason Eyerly

Hey BP,

So, after a lot of reading and research and downloading home design and development software, and 50 podcasts, I'm ready to get started! I've planned out my full Facebook and Google ads, setup my website, and have my Hotline setup to start generating leads on homes I can either flip or wholesale, depending on if it meets my criteria, budget, and loan abilities. In addition, I am planning on getting my real estate license in the state of Indiana. I've added up all my costs to get this started, and I'm anticipating about $2000 for one month of the ad campaign, $300 for my website, $500 for my license , and I'm still unsure on the Hotline. That being said, I need about a month to save up the cash for all this. Living in small town Goshen, IN there's not much going on, and I can't seem to find any real estate investing clubs. I don't mind a drive to Chicago for meetings, but would much rather stay local. My conversations with strangers have taught me that shockingly a lot of the older people here are investors as they knew my terminology! All that said, I've got two questions..

1) I can't find any investor meetings, does anybody have any idea of where I can find some in my area?

2) How much are the average MLS fees?

3) What should I do in the meantime? I'm getting bored and anxious! I want to keep furthering my education and re listen to podcasts and read more blogs, but so much information is only useful to a certain point. Eventually you need to put it into practice!

Thanks BP,

Jason Eyerly

'I really don't have an exit plan'... THAT says enough. No deal. Properties have too many issues and as any there poster recommended... Sounds like a dump.

Welcome! Another member from Indiana!

Windows and siding definitely need to be fixed up. That can be pretty expensive. Care to share any photos of the interior?

Just spent every down minute of my past three days reading through this post. I cannot believe how much I've learned in such a short amount of time. @J Scott, I cannot thank you enough for being so dedicated, open, and sharing with your project with a level of transparency that makes this so educational and understanding for even the amateurs!

Buying it from a tax lien would be a cheaper deal with better return. Then you're guaranteed property or reimbursement. And if they're looking to sell then you've got a good shot at it being paid off fairly quickly. That's the route I'd take!

Get a HML buy it yourself and resell if the deal is that good.

Welcome Dylan! You're a year younger than me, and in the same situation, only lucky enough to have a mentor! I strongly suggest you read the bigger pockets beginners guide as it covers all of the basics of financing, and the more crazy and creative methods are discussed in multiple podcasts, Blogs, and forum posts. I'd recommend spending the time going through all the podcasts and checking out some of the user blogs.

@Dev Horn We are a spread out community but with the age of the homes and the amount of stressed owners out there I do think I will find deals. I am willing to market for three months as a trial and see how it goes, if it can be capitalized on. I've never heard about selling possible leads to an agent, how does this work?

Call me an amateur if you will, but I'd say go to craigslist and check what things are renting out in the area. I'm currently a renter and I can tell you that I do pay more than a mortgage, but I do so because I like knowing in a year I can go someplace k

new anywhere in the world and not be tied down, not worry about home values, etc. This appeals to me quite a bit. In addition, I would choose a 50 year old home that looks new and upgraded over a newly built home any day.

On a side note, how are you financing? Cash? I'd do it, because that's a nice cash flow and you'll have equity in the home that you can use to finance other deals.