All Forum Posts by: Matthew Rollo

Good morning BP!

I am looking to dive into some tax lien sales here in Florida. Only problem is I have not the slightest idea where to start of how the process works. Anyone know much about these and wouldlike to share some knowledge?

Any information helps, Thanks!

@Billy San Roman I went to a meetup I found on the Meetup app a few weeks back. They mentioned putting out some signs as well as a form of people calling in to find out about the meeting. Long story short but it was a 3 hour "pitch" on educational real estate courses. MLM basically. If you PM me I can tell you the name of the company but I don't want to put it out in the forum. 

I can't disagree with @Sam Ally because like I said, I see job sites and deals coming and going all the time. People are still doing business. I agree that Off Market is the way to go. I also believe that "hustle" or "working hard" just doesn't cut it either. @Jason Chen Those 2 things are great, don't get me wrong, but if you are hustling and working hard in a direction that isn't showing results, can you really feel accomplishment with it? Is it what you know or is it who you know?  It's like the saying, practice makes perfect...no it doesn't, not if your practicing wrong. 

The reason the big time players are able to stay consistent, in my opinion, is because the have the funds to test different methods. In the case with a newbie or rookie investor, doesn't mean they don't have the hustle and work ethic to become a big time player. It means that their margin of error has to be miniscule. They may only have enough to budget for 6 months of direct mail or marketing and if one mistake happens, they could be out of the game just like that. Big players have a bigger margin of mistake then the new guy. 

I talk about this most of the time too. I actually started a thread earlier today about something similar

https://www.biggerpockets.com/forums/12/topics/477...

Is "hustle" or "hard work" really enough anymore? I remember growing up and asking my father about the richer kid in the area. He would typically respond, "Its not what you know but who you know." I still find this to be the most relevant thing my father has ever taught me. 

@Jason Chen hahahah I am not disagreeing with you one bit. I am not a native of Orlando or even Florida for that matter. I may have to go with the majority here and explore outside of the city limits. I have been trying to stay close to home, like most people when starting out, to cut costs and things of that nature. I have slowly been looking into other markets because Orlando is a retail market right now. Time now to put it in gear and move on. 

@Erin Legler I sent you a friend request

@Jason Chen That does make sense. I mean I evaluate deals every day, like I'm sure everyone does, and I pass on them. The deals I have wholesaled were all within and hour from receiving executed contract. The thing is I know people are closing deals in the area because as I drive for dollars I see them being renovated. Maybe they are just needle in a haystack type of deals. Maybe this is a test from the real estate Gods and the next deal I find will net me 50k or more hahaha who knows! I also get other peoples wholesale deals and I look at them like... do they really find buyers for these? 

@Sam Ally  It makes sense, it really does. I would love to hone in on one direction instead of being all over the map. Once I can figure out which direction that is, believe me, the focus will be ridiculous. Not one thing is working so that is why I tend to be going different directions. 

@April Crossley LAZY GIRL REI !!!! How's everything going? I know other wholesalers in the market doing tons of mailing and getting deals. That is why I reached out to them, told them if they need a guy to drive to a property and take pictures, get a rehab estimate and things like that, I'm all for it. The market is flooded and I understand that. That's why instead of trying to compete with 100's of wholesalers I am trying to just get my foot in the door with a few of the ones I know are doing business by providing my time. Same with house flippers who may need an extra hand doing some demo or landscaping or whatever it may be. Those options have yielding me a 0% return. I'm not really sure what the next step it honestly.

@Erin Legler If I knew I would have tried to resolve it hahaha Not really sure. I found the property, got all the details. It was an off market short sale so I knew this wholesaler and he is awesome at short sales. So I was like I got this deal I could use your help because its a short sale, want to check it out and make something happen. He was all for it, I wrote up a contract and its been 5 days now and no response.