All Forum Posts by: Account Closed

Thanks John Mathewson . Good advice and suggestions. The video answer format is awesome! How would you suggest to do the best marketing on Facebook? Using our business page, personal pages, or both? Do we post "bandit- like" ads? Ads about the types homes we are looking for? Live videos? Any suggestions you have would be great. P. S. I have never done a live video before.

I am a new investor trying to do marketing on an EXTREMELY limited budget. I understand that marketing a necessary expense, but I'm worried that spending the money I have in my savings for a possible down payment, holding costs, etc., will be depleted spending so much on marketing.  I have asked some other investors what they spend on marketing, and I've gotten quotes ranging from $1,000-$15,000 per month! As a newbie, I don't have that kind of money to spend.  And I definitely don't have the money to hire out my marketing tasks to a virtual assistant.  Am I correct in assuming that my focus on marketing should be bandit signs, craigslist ads, online marketing, and driving for dollars?  Do any of you experienced investors remember what kind of marketing you focused on in the beginning, back when you were broke like me? Do any newbie investors have some ninja tips they are willing to share?  

My goal is to purchase properties to generate passive income (either small multifamily or single family).  Should I be trying to get flips to help me get more capital to reach my goals?  If so, how can I do that if I'm spending the little bit of money I have on market at the price of $1,000 a month?!  

Any advice or suggestions are welcome.  Thanks.  

$500k PML funding

I am interested in doing the same in Florida. I have a relationship with an architect that would be willing to work on the project. Anyone know of investors that would be interested in implementing this idea for vacation rentals or Air B&B type rentals in Florida?

Thank you all for the good advice.

Seems like a simple answer, but we have a couple of complications: 1. Lease term ends on December 31. 2. We don't have funding lined up, nor do we have a property under contract- just a plan to purchase one. 3. We could stay in in-law's house during transition period while securing home and funding, but with a two-year old, spacing would be tight and we'd have the added expense of a storage facility for a few months ( in spite of saving in rent). 4. I am having surgery in a week and will be unable to help with the move for at least one week!...maybe more. We definitely know the benefits of trying to get a duplex, but don't want to rush into an ill-advised position because we don't want to have to break our lease in the middle of the new lease term when we find a great property. Any advice on this dilemma is greatly appreciated by us newbie investors.

Thank you for this post.  So glad we can learn from your experience.  Love your attitude and how you are using this lesson to help you be more successful in the future.  Good job!