Posted by Rick Wheat on February 02, 2001 at 06:41:03:
to HIRE some Bird-Dogs to scout for houses for you. Let them bring in deals, you pay them for the leads, and put the deals together.
This precludes that you know what to do with the leads when you get them. Don’t be like the dog chasing the car, saying “Now What???” when a deal comes up. You have to be able to create a way to make a profit from what they bring in.
Study the material you are receiving, then put it to work. Remember, this isn’t a “Get Rich Quick” scheme, but you can get rich if you APPLY what you learn.
Posted by Mark (OK) on February 01, 2001 at 23:06:55:
I am totally inexperienced. Still waiting on my educational materials to arrive in the mail actually…
But, I am in a fortunate position that I currently have a good income and a fair amount of money that I can use (if required) in some deals.
I know that I am an inexpericed rookie, but I want to hunt BIG GAME!!! I don’t want to Bird-Dog. My time is actually pretty valuable (I write software and get paid hourly).
Soooooo… Since I have a little mula, and good credit, what areas should I look at that would be the biggest bang for the time (or buck…)
I realize that I could easily get in over my head, but I have contacts that can give me reality checks on property values, etc…
To add to the bird dog scenario, hire someone to surf the net for FSBOs. Send emails or cards. Do lease options, subject to or Pactrusts. May not be as big as money as rehabs and may take a little longer but that one shotgun blast can bring down a number of them little birds.