All Forum Posts by: Daniel Hedges

You should be very excited to get into real estate.  Keep in mind to take it slow ad gather as much knowledge as possible.  Remember this is a marathon not a sprint.  As far as getting started it depends a lot on your budget.  One of the best ways to start is wholesaling.  It takes very little initial investment.  I would start targeting vacant homes. These can be a goldmine.  You can work your way into other areas, but this is a great starting point.  I always love to hear about new investors getting fired up.

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Thanks for all the great info on HUD homes. I have not done nearly as many deals as you have, but I hope to. Your info is very informative and helpful. I look forward to reading more of your posts.

I have never put together an information packet before, but this is a great idea.  I just always let a deal speak for itself when it came to what the investor wanted.  If the deal is good it doesn't matter what your packet or presentation is like.  Get out there and start finding some deals and  hungry buyers will find them attractive.  For any more advice go to my blog for free info.

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I have never put together an information packet before, but this is a great idea.  I just always let a deal speak for itself when it came to what the investor wanted.  If the deal is good it doesn't matter what your packet or presentation is like.  Get out there and start finding some deals and  hungry buyers will find them attractive.  For any more advice go to my blog for free info.

[Link removed by Mod - J Scott]

What you do is create a clause in the contract that you have a due diligence period to inspect the property and also confer with your partner as to whether the deal will work or not.  If the deal doesn't seem to work then you have a stipulation in your contract that you can back out of the deal and get your earnest money back.  To see how I do deals go to my blog and get some free advice.

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The truth of the matter is that anything you do will always cost time or money.  I would suggest direct mail.  Mailing to absentee owners and owners of vacant houses is a great way to go.  Check out my blog to see how this is done.

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I have rarely had another buyer go behind my back, but it happens.  I f this is the case you have a couple of options.  You can lock up the property in your contract or you can develop a relationship with the seller that assures they won't look elsewhere.  Just remember there is always another deal out there.

Most buyers will be using a loan to buy the property.  These are usually rehab loans.  If the buyer has the money then there is vary little to worry about.  Do you want to know more about wholesaling and finding deals? Let me know.

Be careful that you don't fall into what I call "Gotta-do-a-deal-itus".  If this deal doesn't pan out there are many more out there.  I have wasted my time on sellers who have wanted to string me along and never do a deal.  You'll find that if you stick with this long enough that deals will fall into place.  Some sellers are just easier to work with.

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I would focus on both.  I made this mistake early on when I would find deals and not have a buyer lined up.  I would advertise for buyers while you are looking for deals.  Use classified advertising on sites like craigslist.  Develop a list that you can email and call when you get a deal.https://danielhedges3636.wordpress.com/