All Forum Posts by: Kathryn Williams

I've actually had an agent question my offer. I am running the numbers my own way and since I'm a new investor, unfortunately my financing and commission costs isn't the greatest while starting out. Some realtors don't understand that.

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Originally posted by @Brandon Battle:

The best way I have found to find off market deals is to watch the evening news and read the newspapers.Yep,watch the news long enough and you will hear bad things like "Oil companies announce layoffs" "Sears closing ten stores in 60 days".Many of those scared and depressed employees need to sell their homes fast and will accept whatever lifeline you through at them before they miss a payment and the banks come banging on their doors.Go to the closing store or business with plenty of fliers and cards and put them under their windshield wipers or hand them out as they leave the store.Good chance one or two of the mid level managers and senior employees will call you asking what you might pay for it.Going to Bible Studies groups and prayer groups can be great as well with everyone praying they find a new job soon or just became a widowed spouse or lost their parents.Get to them before they call a real estate agent for help.

Omg Brandon, I love your strategy. It's soooooo creative. It's like thinking outside the box. I never would have connected the scenarios into marketing, but I'm greatly value your feedback.

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Originally posted by @Chris Music:

Kathryn, sounds like you are putting in the effort, that's awesome! Working with agents is a hard way to find properties especially for a wholesaler since there is so much competition for anything on the MLS. Finding off-market projects is going to be where you can get your strongest spreads. Direct mail and bandit signs are two great strategies, both of which I use. I would suggest reaching out to your network, make sure everyone you know, knows you buy houses and that you'll pay them a referral fee if they bring you something good. I am an active buyer in the areas you are searching in, send me an email so we can link up, I'll let you know what I am looking for.

Chris,

Thanks for the advice. I have ordered bandit signs and ready to put them to work!

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This post was by far very informative. I hope everything turns out well for you. I'm with everyone on this one, don't rent the home to them.

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Greetings all,

I need some of advice of what I am or am not doing. It seems as though looking for properties or working with realtors have not been an easy task. With that being said, I'm interested in wholesaling properties in Sacramento to Vallejo Area in California.

What are some great marketing strategies to incorporate in order to find off market deals?

I am currently pulling lists for home owners who recently declared bankruptcy and have a direct mail campaign set up. I've ordered bandit signs and check craigslist daily for homes for sale by owner. Finally, I've drove around the neighbhorhood to look for distressed properties and also mailed out letters to those home owners.

It's been 3 months since I started real estate and would like some assistance.

FYI, I was working with realtors because initially my goal was to start out in rehabbing, but with the stiff competition in California, I believe its best to wholesale first to gain capital in order to put in competitive offers in the future.

Thanks everyone for your help!

~~~Motivational tip: Hard work pays off, strive to exceed the standards~~~

Kathryn

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Michael,

Welcome! You will do fine in this business. Take it one step out of time.

Kat

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Wow, such inspiration. I look forward to my first flip!

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Originally posted by @Logan Hicks:

Im willing to take risks on newbies in the TN area, especially Memphis. What were you trying to do?

What are your objectives? Do you have good credit? What is your business plan? Do you have a business plan? What are your housing criteria? Rental Candidate criteria? A lot of questions, all of them matter.

Logan,

Do you work with clients from different states? I am a newbie as well, looking to get pre-approved for funding to fix and flip homes in the Sacramento area. Credit score 720 and have about $20,000 in capital. My business plan is in the works, but looking to start my first project in the beginning of Feb. Once that time comes, I'll have a business plan, the entity completely set up, and more education from Fortune Builders.

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Thanks Andrew for the advice!

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Originally posted by @Benjamin Mahan:

Hello @Kathryn Williams, as mentioned, you are in the right place. I am an REI/contractor in Cincinnati, OH but I will be in Daytona Beach, FL in a couple weeks - July 12-22- for our yearly vacation. I would be happy to meet up for a quick lunch and answer any questions you may have to help you get started. I'm 25 years old and have been in the business for about 5 years now and I have been successful so far, by saving my own money through some creative discipline I now own 4 properties as rentals, done flips, and have rehabbed many other flips for other investors. BP is relatively still new to me but I would like to start reaching out more to network and help other people like yourself get started. If you're free in July and would like to talk Real Estate just let me know!

Ben Mahan

Thanks Ben. I wish I could make it but I'm not in Florida at the time. I'm in California but plan on investing in Fl since its so much cheaper. However I would love to meet up in the future and will definitely keep you in mind. Right now I'm in the education phase. To where I am going to read a lot of books, listen to podcasts and webinars,and attend training classes, but definitely look forward to one on one face time training. Thank you for your hospitality and let me know when you ever visit northern California!

Kathryn

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All Forum Posts by: Kathryn Williams

Kathryn Williams has started 2 posts and replied 13 times.

Post: How to Find a REAL Investor Friendly Real Estate Agent

Post: Starting in real estate ... in need of fresh ideas--marketing!!

Post: Starting in real estate ... in need of fresh ideas--marketing!!

Post: Oh Boy!

Post: Starting in real estate ... in need of fresh ideas--marketing!!

Post: Newbie to BiggerPockets and to NC

Post: Flipping Homes - My Exciting Journey (Post 2 of ?)

Post: Hard Money Lenders

Post: Hello from Daytona Beach, FL

Post: Hello from Daytona Beach, FL