All Forum Posts by: Nana Osei

It's probably you. I get calls from people all the time talking like you and I encourage you to look at your conversations from the other side. 

When I get a call and hear that someone is looking in a ton of different markets and talking to a ton of different realtors, PM"s, etc., what it tells me is that they've already wasted dozens of people's time and they're about to waste mine as well. I'll rather quickly get off the phone. 

9/10 times they don't buy anything at all, let alone in your market. If they do, it's usually lowballing a couple of properties after trying to send you all around town for several weeks to look at anything they think is a good deal. I'm not going to waste weeks of my time for a slight chance of making a thousand bucks off a 60k BRRRR property.

The people who get the attention of the on the ground team are the ones who know exactly what they want and are ready at a moment's notice to get it. 

You're right in that being an agent is not difficult. I don't even think they should exist for the most part, but the good ones know where to spend their time as well. 

I'd buy the distressed properties for cash, fix them up and rent them.  Use the rental income to buy more distressed properties.  

Keep them free and clear so you do not have to worry about how long it takes to fix it, or if the renters are late or don't pay.  Its much more stress free.  And then you can also buy another good priced distressed property when you are backlogged in fixing because the opportunity came up, and you do not have to worry about how many payments you have to make with out the rental income.

Oh, and by a decent, but modest property for your primary home.  Follow Warren Buffet's example in primary home purchase.

@Anthony Wick - I took the same approach. No letters, no calls, no mention of COVID whatsoever. Received 100%, on time and some early