All Forum Posts by: Rick Pozos

yes, absolutely. I also market to different groups, not just the one group. Estates, divorces, behind on taxes, mods, and my driving for $$ list.

Also a member of 2 big REIAs, host my own BP meetup, and have a website and a couple of facebook pages. Not everything was done all at once. It has been building over the last couple of years.

This property is in MLS #1128657 and shows that it is a pending sale.

I guess what I am trying to figure out is: did you contract the property and sell your contract?? It looks like your buyer is still waiting to close. The MLS shows that a contract was accepted on Nov 13th., but not closed.

I would go to some Real Estate Group meetings in your area and ask some people how and what they are doing. I bet for the price of a nice lunch, you can get some good information out of someone that you meet who is already doing deals.

How can you advertise this house for sale. It is a HUD home Case # 495-828854. It has been on the market for over 4 months.

Hey Christopher,

First welcome to BP. 

As I am sure you know, there are a bunch of people from all over that can help with networking and pass along contacts. Probably the first thing to do though is find a property. That is the hard part. The really good deals are never going to make it to the MLS. You will find them from having breakfast at one of the local diners or coffee shops. Talk with waiters, waitresses, other locals who might know of someone who NEEDS to get out of their home. THAT is where you will find a deal.

Once you get something under contract you have 20 or 30 days to close. During that time you will call a few contractors to give you prices and talk over repairs with them. Since you are handyman, you will probably be able to do most of the work anyway. I know that a bunch of people tell you to BUILD YOUR NETWORK, but really you should be out networking with other investors and tracking down leads to potential deals. It is really a numbers game, when you go and actually talk with enough distressed owners you will find one who wants to sell at your price.

Spend your time trying to find a deal directly from a seller and the rest will fall into place.

Good luck and if you need some help, call, text or email me.

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.