All Forum Posts by: Grant Rothenburger

@David Simard If you're hauling and installing, go with nice used or scratch and dent. If you're paying someone to deliver and install, might as well get new most of the time.

@Anthony Dee I'd say start with the home equity loan. Then try the private money. But if you're not going to cash flow and don't have reserves, you'll be in a very tight spot.

@Duke Giordano I did see this article from Jeff Anzalone discussing syndications and passive investing. https://www.debtfreedr.com/real-estate-syndication/. Full Disclosure: (and sorry BP if this is a rule breaker but I think it's super relevant here) I work for the syndicator that Jeff mentions he invests with.

If that's all they're providing, I'd definitely move on, I've never had my license but as a rookie I'd want more structure and education.

Here on BP is a good place to get started on the vetting. Both of the people above me are two people to look into, and there are at least 5 more good and credible syndicators I can think of off the top of my head on here, and they'll probably be commenting too. I don't know of any books for vetting sponsors.

@Darius Lee

- Find a real estate attorney and/or title company that is familiar with closing wholesale deals

- build a list on a place like listsource.com

- mail to that list, door knock, or skiptrace and cold call

- get a property under contract

- assign contract

- close and get assignment fee

Where do you need advice? Props for getting on here, but we need more to actually help. Give us some specific problems you're having or fear you may have and we can help better.

@Isaac El

If they're close you can also try door knocking. Either way, when I was calling potential sellers, I would say something along the lines of "I'm an investor looking for properties in your area, if you or anyone you know is looking to sell in the area, I'd be interested in talking more". Wasn't exact every time and changes with the person, just keep doing it! You'll get better.

That sounds like the right decision in this case. I love how they "coach" you on opening credit cards or increasing your current credit lines. I'm not against paying for a mentor, but I hate the shady way some people/places go about it.

@Milan Ramaiya Why are you refinancing? If it's for another property, mention that when you call realtors, they'll be inclined to help if they think they'll be making money when you buy another property.

@Kyle Gnerre

@Account Closed nailed it, ask for people they've worked with recently