All Forum Posts by: Account Closed

I don't get your final question.  it makes no sense.

Look.  A lot of people are just inconsiderate not to mention rude in today's day and age.  I am amazed at what people write in emails and worse, texts, that they would never say to you in person. 

Open houses have lost effectiveness because of all the virtual tours.

People are unreliable.  You have to manage them as well as yourself.  I have adopted the practice of calling before I leave for an appt.  If I get voicemail, I leave them the message that I called to confirm.  I say politely in the VM (just because others are rude doesn't mean we have to stoop to that level) that I realize that things come up that change people's schedule so I won't be leaving for the appt until I get a return phone call confirming that we are still meeting, and I code the VM as urgent.

If they don't call back, I don't leave my office.

Smells fishy to me.  Sure you didn't miss something?

Start as a bird dog.

Go back on the title agent, assuming you got title insurance.

If you didn't get title insurance, then you are right.  You have a huge, hairy mess.

I am sure Indy has a robust REIA. Start there.

Education is not training.  Learning what something is vs. learning how to do something is vastly different. 

You get what you pay for.  "Free" training (in your case, trying to figure it out on your own from what you have read) never is, and can be the most expensive training of all because of the mistakes you will make from not knowing what you don't know.  You don't get something for nothing.  

Find an experienced investor in your market doing what you want to do and offer to bird dog for him or her.  You will learn and earn, and avoid the pitfalls cited earlier in this reply post.

Several tips:

Despite what the books and podcasts lead you to believe, wholesaling is NOT the place to start.  Bird dogging for an experienced wholesaler may be but not trying it on your own. 

Join your local REIA. You want to seek and hang with the experienced and successful investors in it. You will learn a lot from them.

Participate in networking groups. Our REIA has a networking group that meets outside of the regularly scheduled meeting. If your doesn't, start one.

Start with good, solid, cash flow rentals in areas that attract working class tenants.  You already have a full time job.  You don't need two.  Good rentals will bring money in without demanding a lot of your time provided you pick carefully and manage them properly.

Judging from the fact you posed the question, I would say now.

Of course the name you use for yourself is important.  Why do you think corporations spend millions of dollars building a brand?