All Forum Posts by: Dan Barli

Hi Donald, you can try a direct mail campaign to get the cash buyers to call you and then capture their information. 

Welcome to BP Al! I'm glad to see you are getting a lot of education on here. Keep learning and growing. There are local meetups in Essex/Bergen county that you can attend to network with individuals as well. If you need any info on them, let me know. (I don't host them but do go sometimes) 

Hi Kimberly, it depends on what your goals are and what you are trying to accomplish. What are you looking for?

There are a lot of good guides and resources on this site for wholesaling. Start with going through those. REIA meetings are good places to network and meet other local professionals. That is also the likeliest way you an find a partner.

Hi Daylon, welcome to BP! What types of real estate investing are interesting to you? What are some of your goals? I would recommend you go through this site, as there is a ton of valuable information. You can also attend some local REIA meetings to get started networking.

The best way to calculate ARV is to work with a realtor to determine what comps are selling for in the area with the specific parameters of the house you are targeting. This should be the initial step, as the offer you make depends on the ARV. Make sure your numbers are as close to accurate as you can get, as that is also a huge step in the BRRR strategy. If you underestimate your repairs, you will make less money (or possibly lose money), so this is vital. Do as much research as you can before making your offers.

Congratulations!! Keep the momentum going! 

Hi Austin, I would recommend getting to some local REIA meetings. That's always a good way to meet different types of investors. You can also search for investors on Google. Type in the city you are targeting (Austin) and terms such as "real estate investor" or "rehabber." That should give you a good start.

Hi Jacoby, if you are a new investor, I would suggest using Microsoft Excel. It would be silly to spend money on a platform with bells and whistles when you are just getting going. 

Hi Joshua, I would say it all depends on what the numbers show you and what your personal goals are. If you use your own money, you should have a higher cash flow. What would that number be? If you used the LOC, what additional payment would that be and what would your cash flow look like? Once you have those two numbers, you can determine your best course of action based on your goals.