All Forum Posts by: David Hildebrandt

I have to believe there are wholesalers operating in New York. Perhaps you should repost with a title directed specifically at them. 

Nothing like that here in Ohio

Write or type and honest letter expressing exactly but briefly your story and what you are looking to accomplish. People will eat that up.

Drive the neighborhoods you are interested in and note the exact addresses you would like to buy. Build out a list, not sure how large that number would be, but hand write the address on the envelope. I personally like to include something chunky like a coin or a token or paperclip the letter together as opposed to staple. Helps to increase your open rate.

When it comes to price, don't make an offer. Just ask them "We all know the market is on fire right now, but taking into consideration the time and money you would save with a direct transaction what would you be willing to sell your home for?"

Don't make the offer or discuss price via any medium other than the telephone.

Time to get reading...for now...

https://www.biggerpockets.com/renewsblog/20-books-...

Don't read them all, just one or two. Continue at your meetups, investigate a few investing disciplines...be prepared to love them all when you first hear of them.

Post on BP, go to your local REIA.

Bring value, what can you do for a seasoned investor? Make a referral to a contractor you know, or volunteer to stuff envelopes or answer the phone.

Bank is going to know your walked with a check at closing no? I mean once funds are dispersed to the seller, the bank is going to see the leftovers coming back to you. I assume they aren't cool with that, because if they were you wouldn't be seeking alternatives.

Landlording on Autopilot, seldom recommending but gives great real world, day to day operations advice on how you can effectively "multiply" yourself get more done and make more money

NO WAY! You fixed the problem in an acceptable amount of time. If she was a day late with her rent, but still within the grace period, would she pay you a little extra?

I'd rather see you buy a deal in Pittsburgh that cashflows $50/door with management in place, than one in San Diego that maybe breaks even and requires hours of personal management each month to make the numbers work

She is not looking to close herself...am I correct this is a wholesale deal? Or is this a hypothetical question that has you preemptively seeking an answer?

There are websites that do transactional funding that allow you to hold money for say 1 to 3 days on a double close. I am not necessarily recommending them, but if you google that phrase one might be able to provide you a letter for POF.

NEVER DONE IT, ONLY HEARD ABOUT IT!

Nope, but welcome, Brittney. What investing avenue interests you most?