All Forum Posts by: Nick Talvy

Oops sorry, replied to wrong post. Not sure how I did that.

@Jack Bobeck

Your right. I currently have one. But I think it's time to update it to broader area. Thank you.

Well maybe it's my lack of experience, but I am starting to think there isn't plenty. I'm ready to make my first buy, but have struggled to find a deal for buy and hold where the numbers work, and aren't in a rough area of town. Kevin and Jack, Im interested in anything you have in the areas mentioned. 8% and 200 a door has been my minimum for sfh.

Thank you Carolyn. You explanation is very helpful. I live in Clay and only know parts of Jacksonville.

@Caleb Heimsoth thousands??? I'm currently working a 50 hour a week job. I know my volume is low, I was considering starting off with 200 and paying to have them made/sent. Then adjust the flow more or less depending on the call volume I get. Although, I know I won't be able to buy every lead. So I could just wholesale the rest and use that to fund some help.

Oh and to clarify, im looking for properties to buy and hold, not necessarily wholesaling. But I believe most wholesalers buy their leads online. Zbuyer is one such website.

@Justin Scott I'm curious to any responses as well. I have been driving neighborhoods and sending out yellow letters. Out of 50 letters so far, I have had 2 responses that did not lead to anything. I'm thinking about purchasing leads online next, while still following up with my current addresses. My understanding is it takes 5 to 7 attempts for a response. Also, truepeoplesearch was recommended to me for numbers. I was going to check it out in the next couple days and try calling.

What about seller financing and using private money for the rehab, then cash out refi when your done, use your 80k to make up the difference between LTV and what you owe the PML?

Or maybe find a partner? 

@Troy A Washington the free resources on Bigger pockets have been a huge help to me. Check out Brandon Turner's free webinars he does each week. I will say from my own experience as a newbie myself, I feel like I have learned a lot in the last 8 months, but nothing has been more valuable then going to the local REIA meetings and networking with others and just picking their brain. The investors in my area have been very helpful in answering my questions and helping me get past my paralysis by analysis. Do yourself a favor and find one in your area.

Nick

@Cynthia Higgins looks really nice. Do you mind sharing who the contractor and wholesaler was?