All Forum Posts by: Jojo Joy

Hi @Maggie G., I know I am late to this conversation and you might have already found a solution for your problem. But here is a way to start:

1. Spend a portion of your $5000 in direct mail/yellow letter marketing. or

2. Post bandit signs which says "We buy houses all cash. Quick closing! <phone number>".

This way you can get to know some home owners in distressed houses. 

Write up a contract with them and assign it to investors who are in the lookout for such deals. Make sure the deal is solid, like 50-65% of ARV. The investors would be ready to buy it from you for 70% of ARV.

Do enough of these and you will get to accumulate enough funds for your down-payment on your first deal.

There is no quick way to success, unless somebody is scamming you with a useless product they want to sell.

@Teresa DelaMater, that is an excellent strategy, except that different states have different rules and name for how you can do this. For example, in the state of Texas, where you are from, you have to do it as a seller financing (or owner financing) deal (which requires that the seller owner should own the property free and clear), or as a wrap around mortgage deal (which is the closest to a subject-to deal).

Hi Cody, I have the contact info for couple of commercial lenders in Houston. PM me. Can send it over.

Hi @Tyler Haas, again my pointer is back into this one of a kind site. You should consider reading/listening to Brandon Turner's book: The Book on Investing in Real Estate with No (and Low) Money Down

Believe me books are your greatest friend, while getting set to start out. All the best!

Try Texas Title.

Hi Tyler, welcome to the community! I would suggest you go through the educational materials available on this site. To your goal of flipping houses, try the Education menu > Guides > How to Flip Houses. Also to listen to the webinar. I did my first flip using this guide, so can you. Good luck.

A nice insight into what is coming. Thoughts?

http://www.marketwatch.com/story/5-real-estate-trends-to-watch-in-2017-2016-11-15

Hi @Nikolas Ferreira, could you please elaborate on "just know there are other ways" please? Thanks!

Thanks Janice! Yes, I am looking for a residential agent.

Hi all,

I am a new investor in Southern Houston. Any referrals for an investor friendly realtor would be greatly appreciated.

Thanks,
Jo.

2 alternatives to oil are: a) Electricity b) Hydrogen fuel cells But where does electricity come from? It has to be coal burning or some kind of renewable energy like wind/solar. The agreements at the international global warming summits would limit the use of coal. That would mean that we are not just talking about gas stations here, it would also includes a complete energy industry overhaul. Now, China is one of the countries in the forefront of this kind of change, much much ahead of USA. But if they can do it, we can too in a short amount of time. The bottleneck is the political system, controlled by the oil industry like the Koch brother's interests, which is hard to challenge by any upcoming energy alternatives. So, all in all, unless there is a change political will to bypass lobbyists in decision making, it is hard to see change. Moving on to Hydrogen fuel cells for energy to drive cars and energy production is something Japan and Japanese automakers are pushing for. But, for USA to adopt it will see similar hurdles as with electric.