All Forum Posts by: Dante Nava

@Christopher Moran from what I've seen there are some places that are better/easier to get started than others, but everywhere you are there are several different ways to make money in real estate. I only say several as opposed to TONS because it's difficult to get good at all of them (bus tours being one of them apparently). The most difficult thing being finding the deals. Good luck man, I know you'll do well, just start doing and don't stop till you get somewhere you're heading.

Thanks guys,

I know it is difficult to find the phone number for some people, but after running a quick search I am sometimes able to find a phone number. I've decided to start calling those to see if I can get a hold of anybody. It makes me nervous as hell right now, but I figure it'll get easier to do the more I do it. Wish me luck!

P.S. It is easier right now than figuring out what to write someone to provoke them to call me. ;-)

Thanks Mark!

Thanks Mark, you're absolutely right. When you first start out you see opportunity everywhere and assume there has to be a way to turn it into money. I'll just have to keep plugging away at my marketing. Thanks again.

Thanks @Mark Bookhagen and @Jerry W. , That's kind of what I figured was the case, but was hoping otherwise. As far as the difference... that's something else that would have to be figured out. I guess all I can do is make my offer and see right? Time and circumstance?

So this is probably a case of me trying to make a deal where there is no deal but in the interest of being able to have options for the seller...

If you buy a house subject to existing financing, does that debt no longer count towards their debt to income ratio if they're trying to buy something else? If not, what can be done for them? They only owe $30k on a $200k house. Thanks!

Does anyone ever go driving for dollars and call the owners instead of sending them letters or post cards? Any tips? How often should you follow up/bug them? How much success have you met doing this/doing this in comparison to sending mail? Thanks!

-Dante

P.S. Would anyone recommend calling instead of mailing to "lists"?

@Luis Toledo is right, the Durham TREIA meeting is on Monday. Are you going Luis?

@Jonathan Jones Did you try negotiating with the seller that you'll probably have to knock the house down and pay to haul it away? Or is that why they're willing to go a little bit below tax value? I don't need to know the address, but what part of town is it in? If it's a nicer part of town, I may know a contractor that does that builds homes. PM me if you'd like, or give me a call.

-Dante

@Bill S. You're in a great position to make some stuff happen. I don't really envy the job situation you're in, that lack of knowing is always unsettling. The VERY good thing you have going for you as well though is that you've got a built in Plan "B" and "C" though just in case. I'm not a full time investor, so take what I say with a grain of salt, but here goes:

Milk your W2 job as long as you can (insurance, paycheck, etc..), take advantage of your extra time you'll now have on your hands (because I'm assuming over time isn't being doled out). Meanwhile, continue to nurture your property management business and figure out how you can automate to some extent. Have that be what "keeps the doors open" and the flipping what helps provide your inrush of money in the form of "bonuses", you might even talk the buyers into hiring you out as the property management company, and would be able to structure deals that way somehow. Wholesale anything you can't act on, but keep the marketing machine working.

It's a LOT, and it's scary, but I'm sure there are other people in your area that can probably help with moral support. I would also figure out how to automate what you can, even if it means having your wife or kids answer phones for you for a while. There are several people on this site that I've seen and talked to that were forced into doing real estate full time.

Whatever you decide to do, good luck and keep us posted!