All Forum Posts by: Gabriel Amedee

First and most importantly be sure to qualify the investor you'd like to be mentored by. Don't be taken on a run by someone starting off and looking for free work. Secondly, it highly depends on the type of investor you're wanting to be mentored by. Currently I have one in the rehab business and another in wholesaling so value to them would be different to a buy & hold investor or a notes investor etc. Don't know how labor intense you'd be willing to get but these are some of the things I've done for people I've felt would be a great asset in my circle of strong connections: Assist with or post up bandits signs (check your city ordinance before doing so) Individually folded and hand wrote the names of homeowners on envelopes being mailed out. Cold call as an unrelated investor and create spreadsheets detailing each leads pain points and motivation level. (Having that info makes it easy to be in control of the next phone call and to know what to target) Creating investment value spreadsheets of multiple properties with inclusion of closing costs, commission, all holding costs, repair costs and desired profit. Learned how to form appraisals and making them to get a better understanding of a prospective properties ARV. Took a picture and sent my location of a potential lead (vacant, FSBO, etc.) Just a few ideas. Be sure to learn as much as you can on your own before seeking mentors. Nobody wants to teach someone who can't teach themselves a single thing. If you can google the answer it shouldn't even be a question to your mentor cause that's wasting their time. Hope this helps and feel free to reach out for more questions. Happy investing!

There's not one specific place in Miami when it comes to house hacking. Have small MFH from Homestead to North Miami. Even saw a beautiful triplex in the Gables. 

I think you might want to look for duplexes that are on the market and drive around in those areas as duplexes typically have other properties nearby with the same zoning.

Best of luck and feel free to reach out if you have any more questions. 

Happy investing!

Have you considered knocking on the doors you find driving for dollars? If they're vacant there's two neighbors you can ask for info. Try to find the owners information through the neighbors and if not do a little skip tracing. If you still can't get any info I would email a letter the next day, why wait till you come up with 100+ so that 80 of them have already been viewed by other investors? In reference to time and efficiency I understand your frustration 100%. Ironic I was reminded of the rule of 80/20 by one of the podcasts on here a couple weeks ago. If you have the funds to do mail outs I would definitely consider it while also exhausting other options. Understand that DM is a very long game and you need to make a thorough plan of attack. There are many factors attributing to your results in DM and have yet to find myself in a position to be comfortable with 6 months of DM not paying itself ten fold when other tactics far more cost effective have worked great for me.

I cold call 4 of the most unmotivated FSBO leads (Zillow/Trulia etc.) just for practice so when I have calls being made to me from DM, I'm prepared and have my sales call down to a T. I also look for cash sales from the MLS and do my own mini skip trace till I come up with 40 cash buyer leads and cold call them all at one time weekly. I purchased a list of 500 cash buyer phone numbers off Fiverr and it was complete crap, you get what you pay for. Have yet to find a site with good reviews that provides valid phone numbers.

There's tons of videos online focused on the math section if you just YouTube "RE state exam math" . I'm studying for it now and the math isn't all that crazy man, I think you'll be more than fine if you just take the time to review as it's all high school level mathematics.

x2 to what Andrew Miller said. This is always my go to as they almost always hand over leverage that a seller wouldn't admit. I'm assuming you've checked the mailing address of the home but sometimes vacant properties might have a local mailing address within an hour or two away that you can simply knock on. In reference to the equity comment I would try to reach out of your trusted network and see if you know anyone with MLS access, specifically a program called RPR. I'm sure there may be other programs out there but this one allows you to check the loans pulled out on this home so you don't have to guess whether they have equity or not. Happy Investing!

Please do a search on this topic within the forums as you'll most likely find 10x more useful information than you would in this post that many may overlook as it has been answered a series of times. I would post the links but I am on the mobile version. Happy investing!

Shaun Patterson would you mind sharing the company you used? What are some pros and cons to this route?

http://searchengineland.com/guide/how-to-use-google-to-search "Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime." All these simple generic questions have been answered millions of time. You set a bad name for yourself when you show little to no effort to discover things on your own. No one is going to hold your hand on the path to success. You're going to have to do the dirty, boring, time consuming things on your very own. Happy investing!

Listen to the BP Podcasts. I can't count how many podcasts there are about this one topic. If you listen to one and still can't decide, listen to another one based on wholesaling. I never had to ask how to wholesale deals because there are ENDLESS resources on every single step to do so and they all go into extreme detail. Word of advice, the people who you will see asking similar repetitive broad questions never stick around in this industry. If you can't do your own research, what makes you think someone else wants to do it for you? Especially for free. The good news is, there are a bunch of guru programs out there that most likely cost your yearly salary and they specialize in teaching all these lazy people the steps to closing a deal from beginning to start. Bad news is there's so many that you'd still have to research which to choose from lol.