All Forum Posts by: Salvatore Lentini

@Kevin Herron - You need to get to know market rents in the area you're looking in.  That will help you determine how much you can pay for a 2-4 unit.  Do you have down money and money for closing costs?  Do you have an Escape Plan for your money?  Meaning, how/when are you going to get it back in your bank account.  If the answer is "I don't know", how are you going to buy your next investment property?  Message me with any specific questions you have.

Hi @Sarah Lockley - feel free to message me with specific questions and I can help you get over your fears of getting started.

@Laura MacDonald - you've got a lot going for you.  Feel free to message me with specific questions.  Happy to help you get back in the game.  I have no doubt you can do it :)

@John Boland - That's rough.  Building your credit back up takes persistence.  You can pay down debt and invest at the same time.  Use your money to pay down debt and use other people's money to invest.  That can be in the form of a money partner, seller financing, seller 2nd, lease option or subject to.  You need to get creative but it definitely can be done!

@Blake Nash - you have a HUGE advantage in having contracting experience.  Your plan sounds interesting.  I say it all the time in these posts but make sure you have an Escape Plan for your money if you go forward with that plan.  Feel free to reach out with specific questions.

@Sean Stewart - I wouldn't recommend buying your 1st property at Sheriff's Auction.  It's a great strategy for experienced investors but there are risks involved, plus depending on your area, you need to show up with a certain % of cash the day of auction, and the remaining portion within like 30 days.  Whatever the exact time frame is in your state it's usually too short to be able to get a bank loan so you need to have financing lined up ahead of time.  This is all on top of the fact that usually, you are buying this property without having been inside it.

@Misty Edomwande - Message me with specific questions and I'm happy to answer.  When you just ask for "advice" I could go on for hours and I do in my online course :)

@Kevin Fernandez - what do you mean by "no credit"?  Do you have a credit score?  I can help you find investor friendly lenders and Analysis Paralysis.  Message me and let's get you rolling :)

@Account Closed - you can get up to speed quicker than you think.  I know it seems overwhelming but you don't need to learn EVERYTHING there is to know in real estate.  You just need to focus on one strategy, one type of investment, one area... and it becomes much less daunting.  Message me directly with specific questions and I'm happy to help.

@Calvin H Duggin - direct mail takes persistence.  You can't expect to send 30 and get a deal.  I sent hundreds every month, month after month.  That's how you start getting calls.  If you're a realtor, there are strategies to finding deals by setting up searches that meet specific criteria, keywords, days on market etc.  Instead of competing against all of the quick offers out there, maybe you reach out to expired listings or listings that have been on for 60 days or 90 days.  Maybe they were greedy and turned down some offers in the beginning, maybe their property has big problems (or problems that average buyers think are big).  You swoop in with an offer and get it:)  Get on wholesaler lists, join a local real estate group, hire someone to put doorknob hangers throughout neighborhoods you deem good areas to invest in.  You have to get creative in this seller's market.