All Forum Posts by: David Wright

Its the same concept for BRRRR's .

I agree you definitely do not want to start with the Auctions.

Regarding Direct Mail Google "Direct Mail for Real Estate Investors"  and search right here in Bigger Pockets for reviews on direct mail vendors.  There are many to choose from.

Regarding the list, what are you trying to do?  Fix and flips, buy and holds, etc...this will determine your list selection.  Good lists are vacant homes, distressed properties, divorcee's, and homes with a lot of equity.  But again, the list decision is based on the real estate strategy you want to work on in my opinion.

I hope this makes sense.  Let me know.

You can do it Rose and I wish you the best.  

Real Estate investing has so many different paths or real estate strategies you can work in; wholesaling, buy and holds, fix and flips, Subject 2, and more.  My advice is once you discover which real estate strategy your "like and enjoy" focus on that one starting out. 

As crazy as it may sound, do not pick the strategy you think you will make you the most money, pick the strategy you enjoy the most.  Every strategy will yield a profit if you consistently and effectively work it.  Its hard to do that if you truly do not enjoy it.  The mistake I made was following my wallet and not my heart starting out.

Have fun and much success Rose.

I 

OK Dane, my advice is to  first determine your monthly budget for marketing and make sure it is long term focused. The key is consistency in marketing regardless of the strategy.

From the investors I work with auctions have been working, consistent direct mail campaigns, and driving for dollars.  

But it's really not the strategy, it is the consistency in the strategy and if you have the money to maintain the correct marketing course to get the motivated sellers.

I hope this helps.

Your options are to find an alternative Commercial Lender who specializes in these types of transactions.  Most Commercial lenders can do this.  The terms you can expect will vary based on your experience, reserves, and credit scores and of course the property details.   Just to be safe expect 30% down + closing cost and reserves.  This is just an average of what to expect, not written in stone.

I hope this helps!

Yes Samuel.  Go thru all the Forums here in Bigger Pockets and use whatever you like as your ideas and you will also find as many guest speakers as you like.  Just read the post and which post you like that is a potential guest speaker for you.

I wish you the best and welcome aboard!

That question is totally based on your goals, not on the numbers.  What are you trying to accomplish?  Make your real estate investment decisions based on your end goals.  What may be a green light to you, may be red light to me and vice versa.

@David McPhail  - Blanket loans do exist we do them all the time.  

@ Mark W Carpenter How many mailing did you do?

If you did not do at least three mailings it is probably too early to get reliable results.  

Here is my advise: The budget drives the lead generation campaign.   No need in recommending great lead generation ideas if you do not have the money to do them consistently . 

So first ask yourself how much money can I afford and/or am I willing to invest in a monthly lead generation campaign?  The answer to this question will determine the best strategy to use and which one not to use.  Because the best lead generation tool you can not afford will not do you any good.