All Forum Posts by: Rick Pozos

Welcome Maria,

First thing I recommend is to get some simple cards that say that you are a real estate investor and that you buy houses.

Second, call everyone that you know(friends and family) and have a 3 minute conversation with them letting them know that you are looking to start buying houses and that if they know anyone who is behind on their payments or taxes or someone who has a home that is just sitting there, please let you know.

Third, network with other investors at meetups to learn the jargon and see who is buying and the different ways that you can too. (there is one this wednesday!!) You can find out about BP meetups in the community tab, networking events, then just look for San Antonio. You can meet others who are like minded about real estate.

San Antonio Real Estate Meet Up

Come by and network with other investors who are doing deals here in San Antonio. 

If you have some problems or issues, bring them over. There will be some folks who have probably been through the same issue who can give you some words of advice. There will be wholesalers, cash buyers, probably a realtor, and a few other people.

Stop by at 6pm to eat and network, 7pm-8pm for the meeting.

Call with any questions

rick pozos

210.639.0600

I would think that the Denver area has hundreds of forclosures per month. How could you spend that much time on all of those properties looking for personal information?? Yes it does sound a little stalkerish also. Very generic letter saying that you know they are in a bad situation and if they need help, please call at their earliest convenience.

As mentioned, try knocking on doors of the people going to foreclosure. You will probably find that some have already moved knowing what is coming. Some may talk with you, but not interested. A few will be interested. It is those who seem interested that you talk with and get to know a little better. Find out why they are in the position that they are in and how you can help them. Sometimes they just need some ideas and a friend but sometimes they are ready to give you their house. Be a good neighbor, help them in their time of need. 

They are all great places to invest in. Probably want to see which city you like the best to live and invest in. Once you pick the city, then you have to decide what part of town, then you have to decide duplex fourplex or bigger. It would be nice if you could just decide overnight what city, what part of town, etc. It is a very personal decision.

Welcome Shella,

THere are a bunch of people from San Antonio here on BP who you can network with. I have a group that meets monthly(my profile has details), there is another group that meets monthly, there are 2 real good BIG groups that charge $140+ per year but are great for networking.

Start meeting people, learning, business cards and let everyone know that you are looking for properties to purchase.

The area is a little bit better than a war zone. 

ps if they are stuck at that price, they are not that motivated. WALK. There are plenty of other deals out there.

Wow, you have gotten some great advice. DONT BUY IT AT THAT PRICE. Let them know you are willing to buy it cash for about 3k or 5k. Thats right, 5K. Remember you are going to probably have to owner finance this property. Maybe you can get 3 or 4k down, but most people will not be able to come up with 10k or 15k immediately(your sales price).  The great news is: you can owner finance for about 3 or 4 years at 15%, probably AS IS.

Most folks who are looking for a place like this will be more than willing to take it as is if you can finance. Tax season is just around the corner. I think most of your potential buyers will have 3k, 4k or even 6k as a tax return refund.

Mobiles are a different asset class and the owners are not quite the same as someone looking for a SFH, keep that in mind.

Howdy William and welcome to bigger pockets. Hopefully if you are making 200k, you are going to be living on 100k or less!! The absolute worst thing that you can do is make a bunch of money and quickly create bills for yourself so that you can not afford to make less money. That would mean that you are stuck.

Making that kind of money, your credit should be 800+. 

My suggestion is to continue to learn about RE here on the site and network with some of the investors here in San Antonio. At the same time, get bills off, auto paid off, dont get into more debt. Then you will not only have some cash on hand, but also you will have no debt which the bank will love.

@Nelly Licona I am sorry, but this is where you can not be too analytical. If you are, you will never get anything done. It is consistency that gets the deals. It is not so much exactly what you say, but more of the owner getting a letter when he/she needs to get one.  That means you need to get one to them about once a quarter or even more often.

I am in no way a marketing guru, but my phone rings several times a week and I consistently purchase or wholesale homes every month. I have read about a dozen marketing and sales books because that is where I needed strength. Just start sending postcards or letters or whatever, but start doing it. I would guess that after you send to your list 2 or 3 times that you will purchase a home.

In addition to sending out postcards you have to network with other investors, maybe a website on your postcards, maybe something on your facebook that says that you buy houses, maybe read a book a month (about flipping, sales, neurolinguistic programming, goal setting, non-verbal communication, etc). Sending some letters needs to be mixed with some of the above to get consistent results.

Just start doing it and then you can refine later.

Not trying to be harsh, but action triumphs everytime.