All Forum Posts by: Account Closed

Door-to-door, FSBO's, social media, open houses, and networking. It's weird because eventually things just seem to fall in your lap when in actuality you're just getting really good at them.

I'm 25 years old and got into real estate when I flipped a trailer successfully and wound up with a nice little rental property. I had so much fun doing it that I decided to pursue real estate as a profession. 

Not as impressive as some of the others, but here's mine:

Story: Bought trailer from a distressed seller for 10k through recommendation of a friend. Cash deal and the lady just had a for sale sign. Place was a typical dumpy trailer, but in an upper middle class neighborhood and had a super convenient location. I have no before pics, but just imagine walking into a trailer and getting hit with that "musky trailer" smell, everything is dirty, and everything is orange because the tenants smoked in it. That's what it was like. Not too bad, but was a pain to clean.

After

The only thing wrong with it was the electricity. Paid an electrician to re-wire everything for $1000. Redid the floors for about ~$1000, painted inside and out, and lastly planted a few bushes outside.

I'd say it's AT LEAST 30,000 plus now. Rents for $425 easily. I work in a real estate office, so the property manager here helped me with the screening process. Set the price a little low to get a flood of applications. Got a nurse that's a single mom (thank god) and good credit.

I had so much fun with this deal that I started working in real estate! Now live in a condo that I rent out to others! I got REALLY lucky on this deal because now that I look back I had no idea what I was doing.

Bigger pockets is prob the best places to learn about REI without working in the industry IMO

No you're all wrong! Your grandpa needs to make a fortune developing brothels! http://www.cheaphouseswilmington.com/the-trumps-real-estate-a-brief-intense-history/

There's legit people out there, but REI really attracts get rich quick people. Just comes with the territory. It's up to you to find the good stuff and good people to make it work. Tbh if your stupid enough to take one of those dumbass classes you probably gonna end up broke anyway.

I think OP has a valid point. I've done expensive deals but that dosent mean I can't ask around to see if something is reputable...

If you do it as a sort of hobby, expect years before you get the client base to pay everyday expenses Full-time, relentless prospecting + cold calling + networking+ great social media presense you'll make it in a year.

In my experience meetups attract really kooky wannabe types of people. I went to one and the guy asked "who owns investment properties here?" Me and one other guy raised our hands in a large crowd. Talk to a realtor and see if he can put you in touch investors with whatever investing you do. Just my experience so it may just be my area.

Here is a good place to get started:

http://www.cheaphouseswilmington.com/effective-door-to-door-knocking-for-real-esate-agents-script-included/