All Forum Posts by: David Bokman

No - you do not mail to the address, it always has to go to where the beneficiaries live. Your best bet is to use a list broker and purchase these kinds of leads. Otherwise it can be very time consuming with very little in return.

If I were you I would start reading some sales books!! If you don't know by now that "wholesaling" is a combination of sales, marketing and networking skills that are essential to building any business. There are NO magic words period!!! Nothing is going to "seal the deal".....the art of negotiation is a skill set that takes many many years to master.

But since your asking....I would probably start the conversation off by asking questions and lots of them about the property and why they wanna sell and why they called you...etc etc....

Coming from 15+ of sales and marketing in corporate america I have found that best method for turning down sellers (which I just did about 10mins ago with someone) is to tell them the truth and explain why you can do anything with the property. I may offer them a referral to someone else I may know that can assist, but either way there is no way around it...tell the truth, educate why and build that relationship so that if something does change in the future they will hopefully call you back because you built trust with them.  

All you have to do is go to Meetup.com and type in "real estate" you will find out 4-8 local groups that get together weekly/monthly.

Best,

David B

No such thing as "niche" you gotta love what you do!!! "Investing" is such a general term these days that everyone is using it and calling themselves an investor. You gotta think outside the box.

But since your asking....I have a sales and marketing background of over 15 years so for me I went right into wholesaling as it was the best use of my skillset(sales, marketing, networking). After I built my network and team I moved into rehab/flipping. Now doing both on a full time basis. 

If you don't know where to start it seems to me you need more education and a better plan of attack! Just my 2 cents.....

You need to educate yourself period!!!! All you have to do is look on this site and you will see that at least everyday there are 5-10 other people asking for help just like you......knowbody is going to help you from A to Z unless your able to provide some kind of "value" to them. And being a newbie with no experience and no cash isn't gonna help. It's almost impossible to get funding or joint ventureships without experience and networking. I highly suggest going to all of your local REI meetups and try to network and gain knowledge. Without knowledge and understanding of what your doing, your doomed to fail! Educate yourself FIRST!!!!!!!!!

Instead of asking for someone to give you guidance (there are a TON of people asking already) you should figure out a way to separate yourself from everyone else who is asking for help from A to Z. You have to be able to bring "value" to whomever you are asking for help. Why don't you try and find a local investor and "bird-dog" for them? Have you been to any of the local REI meet ups? If not I highly suggest you do they are all free and filled with other people to network with. Also, you need to educate yourself much more....there are a ton of resources here and online that provide a good enough amount of information to get you started.

Unfortunately there is NO easy answer to your question and your situation isn't much different than most of the people in the world today. I personally think you have a lot more education that needs to be done before you even consider "investing" in anything at this point. Without cash and experience and a solid understanding of what your doing "investing" is close to impossible! If your looking to start with something P/T you might want to think about teaming up with a local wholesaler and start "bird-dogging" for them so that you can learn more about the industry. I would also suggest going to your local REI meetings with take place every month in Manayunk. Hope some of that helps.

I hate to be the bearer of bad news but without a job, money and good credit and a solid understanding of the real estate market and what you are doing it will be close to impossible to get a loan for anything from anyone. Nobody will touch you and that's the honest truth. The only option that I can even think off is a joint ventureship with a hard money lender but that will also require that you have a solid understanding of the real estate market and construction costs. I would also not advise to start with buy and hold's, especially once again if you have no money. 

Just my 2 cents...

I'm not even sure what the question is here? If you have a house under contract and you don't know what the next step is than I would suggest re-evaluating what you are doing and your plan. Do you know if this house is a good "deal"? Did you crunch any of the numbers? ARV? Estimated repair cost? Recent comps in the area? Run title search? It seems to me that you need a lot more education and experience with trying to wholesale a property. It's NOT as easy as everyone makes it out to be if you don't understand what you are doing and how to calculate the numbers.

But if you have a house under contract the next logical step would be to market and sell the property. Not really sure what you are getting "stuck" on????