All Forum Posts by: Logan Lambert

No, you said how does one find a "deal" without a wholesaler, it's very simple, you simply put in the work to either (A) be found by these sellers who are "deals"     -OR- (B) you approach them yourself. 

Look, '09' I built and employed a small "army" of wholesalers. I had a whole incubator program I called "0-Hero" where I would train a person in everything, literally everything, from 0, and promoted best part was no buyer-list needed or struggle to find $ because that was me, done, ready to go just do the steps. 

Wholesalers made sense then, they were a needed thing. 

Today, no, everything has changed, EVERYTHING. 

There is ready access to a ridiculous amount of tools, resources and information not to mention ready-2-go systems. That didn't exist back then. 

Truth is today nobody "needs" a wholesaler. Sure, you can choose to use one but nobody needs to. Because you can put in the work and just deploy your own system to get those leads directly yourself. 

This can be done with rather limited capital and in rather limited time, 10-20hrs a week is a legit affective amount of time if it's intelligently used. 

And the ways in which you can go after leads is almost endless. You can drive for dollars, go after pre-foreclosures, distressed sellers, PPC, organic search SEO, MLS expired, FSBO's, r.e. agent network, estate and probate, on and on and on.

Back in the day, '09' when I was getting going, it was 10,000X harder. I would literally go out, pick a neighborhood, and walk door 2 door knocking. I did this 3-4 days a week, I'd just knock doors. No, not "ugly" doors, I knocked EVERY door in my target area, and just talk to people, share what I did, what I was looking for, homes I could flip.     And it was simple math, the more people I spoke with, the more interactions I had, the more "hey, you should talk to so-and-so" I would get. 

I was a weirdo freak for what I was doing back then, people would ask what flipping is. Today, it's SOOoooo much easier. People will look for you if you just put yourself out there to be known and found. 

There is no lack of opportunities for deals, there is only a lack of EFFORT, a lack in the "get off the couch and DO something".     Put up a website, go knock doors, go talk to retirement communities, divorce attorneys, GET OUT THERE it's really not complicated. 

This works in literally EVERY property classification, every type. Get out there, make yourself known, spread the word, and BE OF SERVICE. 

Halloweens coming, get into some Halloween parades and put together candies in wrapper of "I buy homes, maybe your looking to sell, let's talk" and hand it out. 

GET OFF THE COUCH and get out there, interact, connect, TALK, network. Network is just fancy word for talking to lot's of people about what ya do. 

Or, ya know, pay someone to do all that and hope n pray there is any profit left on it for you. 

What type of insurance do you use for a flip? I'm may keep it for a rental but I still need to totally renovate it for 2-3 months, so it will be vacant. My regular agent won't insure it for renovations or being vacant for that long.

So I have spoken with a friend that manages an apartment complex minutes from mine but is a little nicer. Her rates for rent are in the 1300s on up. I have my rent average at 875 not counting the section 8 tenant I have which pays me 1270 a month. My friend tells me I should charge 1100 to the new tenant that I’m trying to acquire. My complex is in an area that has some sketchy 4Plexes and apartments around it. Not all of them are sketchy, but about half.  This is my first complex and first time having a vacancy so I’m just a little nervous about what price to charge and how long it will take me to acquire a tenant that is willing to pay it. if there’s anyone in the Baton Rouge area that can kind of help me, please respond. Thank you.

I bought my first STR this year using a house hack method. I want to cash out as an investment property putting me at a 8% but I don't know anyone that has done this. Is there anyone that knows the BRRRR method that can advise?

Hello all...I am have been working on analyzing deals but really struggling with estimating rehab costs. Any suggestions? 

I’m curious to know how you funded your flip deals, especially the first flip (or first few) as you’re getting started??

I found a single family home that I’m interested in as a flip. I have equity in my primary residence and some non retirement savings (but hesitant to dip into that… ) Interested in hearing your responses!!

Hello BP!

I have recently come across two separate deals, where the owner does not live in the house, but will not sell because the properties have sentimental value to them. Has anyone had experience with this and/or have any ideas on how to create a win-win situation? Thanks!

AZ

I feel like this is a trick question.......

Aaaaahhhh..... The owner/sellers........ Ya know, the place wholesalers are getting them from.......