All Forum Posts by: Andrew Newlon

@Justin Lloyd Missouri is a non-disclosure state. That means houses sold via the MLS (listed with a Realtor), the price is not publicly recorded. Therefore, websites such as Zillow, Trulia, Realtor, etc are not accurate and should not be relied on. Their estimates are usually based on cash prices and on the zipcode. Springfield's zipcodes have a wide range of home values. The best and most accurate way to get an ARV is through the MLS. Find a Realtor that can work with you and send you comps when you have a strong lead.

@Justin Lloyd Hey, I want to reemphasize what @Gena Kirkwood said. No strategy in Real Estate Investing happens over night. Fortunately if you can put in the effort and determination to learn and apply it, the opportunities are endless. There is a REI group in Springfield that meets monthly and includes a beginners meeting as well. I can pm more info you would like. That would be a great place to begin to learn about the local market and find experienced investors to help lead you in the right direction. Education is extremely important but also useless without action. Good luck and reach out if you need anything!

Congrats @Undrea King ! Once you realize you don't have to have every answer before doing a deal, you become a lot more confident! Keep moving forward!

I've used SmartMove and really liked it. You have the option to have the tenant pay the fee.

Hey Nicholas Denning your best bet would be to start with a local REIA group. There you should find investor friendly realtors, wholesalers, landlords and other investors that may have leads on good deals fitting your criteria.

Is there a reason why you don't want to tear out the old tile? I have never tiled over another tile before. Not sure how well that would work.

I know several investors using Investor Carrot and they like it. We use Lead Propeller and I have nothing negative to say. Their support is quick and outstanding. They also offer a CRM that is continuing to evolve and offered at a great price. Either product would be a good and inexpensive choice that would save you the time and headache setting up a site yourself.

Here a few ways to find buyers in your market:

• Find a local REIA group; there will be plenty of buyers there
• Post ad in Craigslist; can be simple and generic as you having deals available for investors
• Bandit signs (although heavily debated)
• Search county records for 'LLC' owners near the properties you have under contract
• Search zillow, craigslist, etc for houses being sold by an 'LLC'
• Call around to landlords and property management companies

If your deal is honestly a deal, no inflated numbers, finding a buyer will not be hard. However, it does build confident knowing a handful going into your first deal.

@Jeremiah Grant Although it is overwhelming, don't get discouraged. And certainly don't try to force a deal that is not worth your time. With that being said, @Stacy Williams made some great points. Knowing your exit strategy, the numbers, and your financing available will help greatly. Most importantly, try to find a local, experienced investor to walk you through this. Even if you have to split some profit, it will be a LOT cheaper than making huge mistakes. If you can provide more information, I'm sure we can help point you in the right direction.

@Zane McLaughlin Look for bandit signs that say We Buy Houses (or similar). They are almost always wholesalers. Find local REIA groups. If you can't find any wholesalers there, some of the investors surely are buying from some. Contact local title companies and see if they have anyone doing consistent assignment fees or double closings. Ask local RE attorneys.

Hope this helps!