All Forum Posts by: Susan Tan

@James H. Im not allowed to post exact URLs. The experian website, note sellers list, and data management group all sell lists. 

As a new note flipper and new note investor, I've gotten my 1st note flip deal under contract yesterday w/ my note buying instructor & mentor Donna Bauer that is secured by a property in TX. My first deal came from the thousands of postcards that I mailed out to private note sellers in TX. I'm eager to start the work of finding a drive-by appraiser and calling title & insurance companies to close this transaction. A note flipper is not too much different from a real estate wholesaler. 

I put a lot of effort and money into marketing. I purchased a list of note sellers in TX from a data company. I mailed over 3,500+ postcards to private individual note sellers in TX. Sometimes I received phone calls from angry note sellers who want to be removed from their list or want to let me know that their husband or dad had died and the family had already sold the note. Sometimes I received phone calls from curious folks who wanted to get a quote on their note but were not serious about selling. I even paid for a salesman who I found on my Craiglist ad to post up my "I buy mortgage notes!" signs at pawn shops in Texas.

Hopefully you're getting back to real estate investing all these encouraging comments, @Deisy P.!

I trust my property manager to manage my rentals from over 2,000 miles away in USA. I don't have any man in my life to manage the rentals for me so I have to rely on connecting to good inspectors, realtors, and property managers. For any repairs that need to be done, the property manager emails me the bids, and then she pays in installments, and then emails the paid bills to me. 

@Steve K.You win for the best reply on this thread.

@Michael Dang Im interested in doing the BRRR strategy in Independence Heights. Could I schedule a chat with you about this area? Im looking for referrals to hard money lenders & general

House hacking is often considered here in this forum as a good beginner's move to getting started with the first rental property. When does house hacking & self-managing a property NO LONGER worth the time & effort as your net worth grows? I saw the horror movie Pacific Heights, in which a double-income child-less couple buys a multi-family & rent out the other units to horrifying results. This movie has scared me off of doing house hacking! 

What are your favorite online stores to create bandit signs? ie: "I buy mortgage notes! Call me at __-____".

The best way to avoid the bad tenants is to buy in a good location in class B+/A-.

@Diane G. Just from the BP network, I've connected on zoom with at least 1 other SF Bay Area CA engineer from Apple who invests in only Ohio and another investor in Singapore who also invests in OH because they live in very HCOL cities. I would ONLY ever invest out of state in Midwest & South and rent an apartment anywhere in the world I want.