All Forum Posts by: Stephen Morales

We find a lot of our Users like pull under 1 acre lots, Individual or trust owned with an ownership period of 10 years or more. 

Funny that you bring up how some don't even realize they still own a certain piece of land... I get calls about lots I have forgotten about. Last year I had one with a ton of liens on it from the previous owner and a builder got in contact with me which I ended up selling it to him. 

Funny how we get so caught up in the day to day you can forgot about even assets you own lol. 

The best market IMO is your backyard. Working local is a great way to get comfortable with the wholesaling process. Especially when it comes to determining value!

Unless you live in ghost town, I would suggest sticking it out locally. 

If you absolutely had to, OH, FL, TN, MO, KY, GA, TX all have really good markets. 

Quote from @Adonai Howard:

Hello there! I'm a newbie to the scene and am eager to learn and get my feet wet with knowledge and experience. My real estate investing goals are long/short-term rentals, flipping, residential/commercial properties/land, etc. I plan to do a little bit of everything to find my niche but mainly prioritizing residentials until I get comfortable & confident to spread my wings. I'm also in the process of obtaining my license (to add to my seriousness). I'm seeking a coach/mentor to take under their wing and help a baby bird fly. I am very coachable, passionate, reliable, and will add value to your business!

@Adonai Howard 

Welcome to BPs. I think it is a great idea to get your license. If you take the course seriously you will gain a ton of basic real estate knowledge which will help curb the learning of REI in some ways.

If you are looking to accelerate your learning process there are a ton of mentorships out there depending on what kind of niche you decide to get into. I would definitely not overpay for a course our mentorship though. You want to have capital aside to do your own marketing/lead gen and to contribute to your initial project. 

If you need any quick advice, my inbox is always open!

 

@Marquis Soto

How is your journey going so far? Are you stuck on multifamily property? Are you looking to contribute capital for a syndication purchase as an LP or are you open to other forms of investing?

Quote from @Stone Pittman:

I went to my first local conference yesterday! I too am a rookie. It only cost me $20 plus a 90 minute drive but man it was worth it. They have them on the first Tuesday of every month and I am fully committed to attending every single one. I met tons of experienced people who gave me great advice.

 WOW! That is not bad at all. Great to see some people charging a modest fee and give back value. There area also people out there who will do it for free and if you want to find a true mentor I would find someone doing deals in your area and see if you can help with their lead gen (AKA doing cold calls for them doing other forms of marketing etc.)

Hi @Evan Hooke,

Sounds like you need to find some off market deals! There's a few ways to go about it: 

You can go to local meet up events and find wholesalers that are moving deals in your area. There is definitely a ton of wholesalers that do deals in Cleveland so you shouldn't have any trouble teaming up with someone there. 

You can also pull you own list of targeted Sellers using proptech software. There are some free ones out there if you look hard enough!

Quote from @Chetna Yadav:

Hii , I’m Chetna, an international student, so much passionate about real estate investing .Can you give me piece of advice on how to increase my knowledge first as I’m a rookie before investing and I want to network with people , building relationships with investors ,just wanted to get started in the journey as I don’t know where to start there is so much on internet but I want to learn through real time experiences not just looking on version but by  actually taking action or be with the people who are actively investing.

 Hi Chetna, Welcome to BPs! 

It really depends on what niche you're looking to get into. There are many ways to get involved in real estate and REI. I would find a niche that speaks to you, whether that is wholesaling, fix and flips, building a rental portfolio or even a way to assist other investors with their endeavors as a virtual assistant to gain some income and experience until you're ready to take on your own deals.

Quote from @Eric Lyles:

Hello,

I’m looking for other real estate investors to connect with and bounce ideas off of. I have an apartment building and don’t have many friends that are in this realm to vent to. It’s quite a struggle when you’re just getting by on your own. If anyone would like to connect on a friend level and share experiences that would be awesome. Two eyes and ears are better than one when dealt with certain challenges. 

Thanks

 Hi Eric! Hope you've made many friends since this post! I'll send over a connection request!

@Alexander Lambert

Welcome to BPs! I started off as an agent as well before I got into my own real estate investing and wholesaling deals I didn't take down myself. If you ever need or advice, feel free to reach out!

Good luck out there!

Hey Victor, 

I do deals in Orlando and Lakeland area as well. I you're still needing connections and some help, feel free to reach out! I'd be happy to get you set up on a workflow that works for you!