All Forum Posts by: Tyrone Green

@Alexis Soto,

I don't have any specific seller dialogue in mind, but I can tell you that it may take some time for you to get your approach and timing down. Just keep remembering that they need YOU, do not feel like you need to impress or razzle-dazzle them. There will be another seller waiting for you around the corner. This is NOT a race.

Just make your dialogue conversational, be yourself. 

Oh yeah, also on Traffic.com you can also view where there is construction work going on in real time- don't forget to see if placing a bandit sign in these areas make sense for you.

I actually met my mentor a couple years back, at that time though I had no interest in RE though.

I answered an online post on Craigslist for a "sign runner" trying to get buyers for a new home community. To me, it was just some extra side cash in my pocket. At that time I had no interest in RE at all. So I went through the motions and placed signs for said guy, not really knowing and realizing that placing bandit signs is an art, I will say that again, it is an ART. (at least the way I do it..).

Long story short...NO CALLS came in from me placing these signs, I am sure said guy was really PO'd. So that job ended pretty quickly.

Come about 5 months ago, said guy contacted me out of the blue (it had been 2 years!) and wanted me to do some sign placement work for him again (this is a few months after turning my mind, body and soul to RE). Since I was willing to do whatever it took to learn about RE I once again placed signs with much better results. Come to find out said guy is EXTREMELY brilliant and knows quite alot about RE. It just naturally grew into a mutually beneficial relationship.

We are now 50/50 business partners as well. We each bring something unique to the relationship. 

May sound corny, but do yourself a favor and put out some good ju-ju, meaning tell EVERYONE about your RE goals. You will be surprised how you will influence those around you to share who they may know that could help you.

Also remember that you will also have to bring something to the table in order for a potential mentor to give you the time of day. Just stay hungry, humble and willing to learn and you will be on the right track to that pot of gold.

Much success

Welcome @Alexis Soto,

As someone big into planning things out, I was wondering what your end goal is with placing bandit signs? Do you want to be involved in a specific "niche"?

You may have the cart before the horse here. I use bandit signs in my area as a main marketing tool for my model and I have a sign making/placing policy put in place that is so easy to understand a fifth grader could run with it. I think you will be able to track your results better if you just concentrate on 1 area that you know what the traffic flow is like.If you need a visual tool Traffic.com can help with your planning.

Assuming you are wholesaling (I hate to assume), do you have a dialogue to say to sellers if and when you get a phone call from one of your signs? Point is a checklist is important at this stage of the game. It will give you a roadmap to follow.

Also, check your local sign ordinance to make sure you are not an in violation of any codes by placing signs. VERY IMPORTANT.

Much succes!

@Travis Beehler,

Thanks for the mention, I am returning the favor.

Another comment you may have heard, or will hear is "That is hard to get into", or maybe even. "That is hard to do".

I like to challenge those people by replying, "hard compared to what?"

This reply will shut most anyone down because they will have a blank stare on their face. What they are saying is they are comparing RE "investing" to doing NOTHING, as they are most likely doing. And yes, RE is hard compared to doing NOTHING all day.

Hey @Erik Tollefsrud, welcome to BP!

I am here in Washington so I don't know anything about the Colorado market, but at this point I feel as though you should practice RAD- that means repitition, accountability and discipline. 

Find a small action related to real estate that you can begin immediately. It can be something like posting questions you need answers to here on BP. Point is repitition is key.

By accountability, I mean tell EVERYONE you know you have an interest in RE. By doing this you may even find a potential mentor. Soon your friends will constantly keep you accountable by asking, "So, how is the real estate thing coming along?".

Lastly, sounds like you already have the discipline I mentioned. Your local REI is a great place to network. Do what it takes to reach your goals, don't be discouraged by others who can't or don't understand what you are doing. Use any negativity as motivation to propel you forward.

Just my thoughts...

Much success!

If you have no cash and just that fuzzy stuff in your pockets you may want to consider partnering up with a more experienced investor. Problem is you will need to bring something of substance to the table, and if you are new to RE that may be a catch-22 for you.

Read as many forum threads here on BP as you can about Iinvesting with low money down, you will be on information overload but that is OK because eventually your brain will filter and retain the important stuff.

Much success!

Welcome @Joshua Small!

First of all I am really intrigued about this cloth diaper business you and your wife have for some reason.

Anyhow, you know how to run a business, that is a great foundation to have. And it sounds like you have the tools to make a reasonable transition into RE.

It's never too late to follow your heart.

I challenge you to not write another post (see what I just did?).

Much success!

Welcome @Diana Gonzalez!

If you navigate through the 'Learn' tab at the top of the page there is an informative free e-book called- "The Ultimate Beginner's Guide to REI" by Josh Dorkin and Brandon Turner.

It is a must read if you are just starting out in REI. You will have a lot of your questions answered by giving it a good read.

I have heard that you should never trust a man with facial hair, but Brandon seems like an OK guy.

Much success!

Any Washington State folks wanna chime in on this topic? I'd like to get a local take on this topic as well.

Everett, Seattle, Federal Way, Tacoma, Olympia, maybe Portland or Oregon in general?