Looking for some help from Yall

You need to determine which path in REI are you taking as your first step. Assignment/Wholesaling, Rent, Lease Option etc. A lot of DG members started in Assignment because you don't need big amount of money to capitalize if you take that path. If you consider assignment as your first option then your first step should be gathering buyers as many as you can. If you navigate more on this website, you will see a lot of ways to find buyers. Blessings to all. LA

I will start there and find what I can here and them keep moving, thank you very much.

I know its customary to preach getting a buyers list on here, but I firmly believe and stand by when you have a deal, the buyers will come to you

You live in a town that screams 'real estate'. This is what I would do

1. Use UT as your base to invest from: Decide on a perimeter of how far from the campus you want to invest ie, 1-5 miles from campus, 5-10, 10-20 and so on. Generally, undergrads prefer to be closer to campus, while graduates and above prefer to be farther away

2. Take 1-2 hours of your time and driving around looking at different houses in different areas and decide on what type or size of house you want to buy, be it a 1-3 unit, a ranch, colonial, etc.

3. Look in local newspapers or price savers for for sale or for rent ads. Lots of people who are renting wouldn't mind selling if the price were right. Also look on school newspaper for same. Couldn't hurt to post ad(s) there offering to buy property; you'll be surprised at the responses you get.

4. Post ad(s) looking for fellow investors who want to partner with you on some homes. If they're putting up the majority of the cash, ask for a 15%-25% cut of the property, with you being responsible for the upkeep and maintenance

Take your time while you do this and don't rush, as homes and deals will always be around.

Hope this helps

HOOK 'EM HORNS!!!!

I agree with you 100% on the buyers list theory! The hardest part of becoming a successful investor is learning how to determine true market value and accurate re hab costs in an area where there is not a lot of competition and time on market is low. Then to get that property under contract for 65% to 70% of ARV after repairs. (this is the range wholesale buyers purchase on the spot, hard money lenders will fund etc. in my area anyway)Lease/purchase strategy you really need your end buyer lined up first but for just about every other strategy if you have a great deal the buyers/investors will find you and you will grow a buyers list of true investors with real money. IF you provide the STRONG DEAL! It is easy to build a buyers list compared to the acquisition side.

I always enjoy your posts, its good to see someone that tries to help, not just a bunch of rah-rahs!

Michael Mangham
MD Home Acquisitions LLC

I love what I do and just enjoy helping and want people to have options and don't think there's only one flavor of Kool-Aid

Plus, I only speak about what i've personally done, not what I heard someone do or say. Not saying it works or will work for everyone, but every investor, no matter what their level of expertise, needs a 'Plan B'.

hello my name is Brian,
I am new to all of this,I have found a heck of a deal and would ask someone for a little help. I have found a mobile home for sale by owner and I have made the deal, I am stuck on what paper work that i need to get filed out in order for my self to be paid. The buyer will pay cash to the owner and I have made the deal to the buyer for $500.00 over the sellers asking price. HELP!!!!!

Thanks,
Brian

way to take some action on getting started!! i know how u feel with limited time and elix has some great suggestions!! i would add that patience is key and as said above study these posts and the book over and over.if u r in the academy go back over the what to look for section and DO the action items listed.i know i gotm so busy at work and so on that i sometimes forgot that the lessons were all i needed to go back to. above again was stated correctly in focusing on 1 path until you know it!! then u can branch out to other strategies.
good luck brett and dont give up pal !!
jay

pm me if u havent found your answer!! i have turned a mobile home and can help u !!
jay

Thank you for your offer of help! I had some issues at first but I did find the information I needed and go my first deal to go through. WOW I was nervous on this first deal. I managed to talk to the buyer of this home and they are looking for some more deals on more S/W mobile homes. The buyers have about 400 rental properties and this doesn't include the 6 trailer parks!! I think that I found a golden egg, I just hope i don't screw things up, I am new to all of the paperwork needed for each individual deal, assigning a deal, selling equity,sandwich lease,etc. I just found a great real estate agent, so I am hoping he can help out with some of these issues. This web site is a great source of information to all of us.

Thanks to everyone!!!!!

Brian

I learned a title for a mobile home is just like a car title so to speak.one surprise i had when i flipped one was i didnt have to pay tax on the sale if it is not new.now this is in ny so not sure of other states.thats great u found a possible outlet for deals. keep at it!!
jay

how's that coming along???