All Forum Posts by: Richard A.

Whatever you do, stick to it for some time. It might seem like you're getting nowhere. But, trust the process. I'm not a wholesaler. But, anything done virtually is a 'little' bit harder IMHO. Especially if you're just starting out. With that said, if you are virtually wholesaling, try and build a team of trusted folks that are 'boots on ground' in your farm area. They'll be your eyes and ears when you are away. Propstream is a great tool.

Welcome @Kaitlin Brewer! I would recommend reading and listening to as much as you can. No more music! BP is definitely a huge help. Zoom meetups, do them. There's a forum on here focused on real estate events. It can seem overwhelming, especially in the beginning. You'll find what your "one thing" will be. For us, we skimmed the surface on most REI strategies (wholesaling, long term rental, flips, note investing, tax deeds, etc, etc). Spent a few weeks deep diving the ones we were interested in. Spent very little money other than buying BP books. In the end, we chose SFR long-term rentals as our primary business model. I'm in the Fayetteville area as well. LOTS of investors and people that can help out here.

Call other local banks and federal credit unions. Everyone is having a hard time with refi now. 

Congrats Greg! What's the next move?

I've never worked a short sale. But, I've talked to the Short Sale Queen (Nicole Espinosa) about them. Would recommend reaching out to her team. 

"Subject to review, inspection, and written approval of Buyer’s partner" is the contingency you want in the purchase agreement. Your partner is the end buyer. 

Hey Jonathan. Try local banks and credit unions (NFCU since you're military). First Citizens Bank isn't local but they have some great products for investors (7/15 loan and lines of credit). 

Stessa. It's free. I'm sure there are others. But, this has worked great for us. Wave is another option (also free). 

Hey Brandon. Welcome aboard. I would recommend not using your own money on a rental or at least not all of it. With rentals, the tenants pay down the debt service. The majority of your own money should be left alone as reserves (repairs, roofs, tenants not paying, closing costs). You'll be able to scale so much quicker by using OPM (other peoples money)