All Forum Posts by: Robert Laird

Hey Jim!

Welcome to bigger pockets! Not having enough funding for a project is one of the biggest hurdles for new real estate investors. As you may already know or will come to learn, real estate investing is a lot of handling other peoples money. One of the best ways I have found to fund projects is through private money lenders. There are tons of people out there who have boat loads of cash, sitting in a bank depreciating. Instead, you can offer them a great way to get a return on their money. The hard part is finding these private money lenders. Recently I listed to a podcast that covered this topic in detail. I would recommend you listen to it. Hope this helps!

http://www.biggerpockets.com/renewsblog/2015/01/22...

Rob

Hello BP!

I do not know wether or not this question has already been addressed a lot on the forum or is a obvious question, but I couldn't find the answer so I thought I would open it up for discussion. 

This question is mainly for turn-key investors and out of state buy and hold people. If you regularly buy properties out of state properties how do you manage them? As in how do you find tenants and maintain the property? I assume a lot of people hire property managers to deal with the local stuff and then deal with logistical stuff via internet. I was just curious what different strategies people employed to deal with their properties remotely. I am really curious what someone like @Ali Boone does seeing as she invests mainly in turn-keys. How do you keep all those properties straight! Thanks for all the advice!

Rob

@Gilbert Velez

I am no expert on the subject but a good place to start is aways the forums. I attached two good articles below pertaining to house flipping and rental properties. I hope this helps!

http://www.biggerpockets.com/renewsblog/2013/04/23...

http://www.biggerpockets.com/renewsblog/2010/4/28/...

Rob

Hey Luis!

Welcome to Bigger Pockets! It is great that you already have your first investment under your belt. I wish you luck in your future trying to replace your full time job with real estate investing. Real estate is one of the easiest ways to build passive income, but it is hard to completely supplement your income with investments. Stay motivated and keep looking for more properties!

Rob

You can get them from title companies or the local county office depending on public record laws in that state. Also you can pay for them from providers like ListSource, ListAbility, SMART Leads, or Ken Clothiers Find Motivated Sellers Now. There are plenty of data providers, but I would start with the free lists from government offices first. Then as you get mailers back due to bad addresses, remove them from the lists so you don't waste marketing dollars. Hope this helps!

Rob

@Melissa 

Congratulations and welcome to the world of real estate! Real estate is a great way to be your own boss and gain financial freedom. You are on the right track at bigger pockets, there are tons of people here with years of experience and knowledge. You can also learn lots from the blogs, here is a good place to start:

http://www.biggerpockets.com/renewsblog/2010/7/2/g...

Hope this helps!

Rob 

@Chet Hingle

Surprisingly I have found that the 3rd and 4th time you hit a list they respond the most. Maybe it is just the recognition or they just realize you wont stop mailing them until they call. Haha either way, consistency is key. Just do not mail them too many times in the same month. You should rotate the areas that you mail too. Keep up the mailers and the phone will keep ringing! We still get calls from people who got out postcard a month ago.

Rob

Looking forward to it!

Welcome to BP!

Our team is down in Vancouver, however we have found some good deals in Spokane. I wish you the best of luck in 2015!

Rob

Victor,

One good place to start is doing your homework on the surrounding houses. When you find out what surrounding houses have sold for you can gauge what the current market value is of your house. This can also potentially help you when buying. When you alert the seller that a house similar to theirs just sold down the street for $20,000 cheaper, that is a good negotiating point. Hope this helps!

Rob