Other suggestions - Posted by Rick(CA)
Posted by Rick(CA) on January 25, 2001 at 16:02:08:
I can’t say much about real estate investment clubs because, unfortunately, I don’t have any here where I live. Although, I think you’ll get more favorable responses from people here on this board about the benefits. If anything, it surrounds you with like-minded individuals. True, there can be some good and some bad, but you can quickly figure them out just by asking questions. And nobody twists your arm to do a deal with you for pennies on the dollar. If you don’t think assigning someone a contract isn’t a good deal, move onto another investor who won’t take advantage of you.
There are several other things you may need to do to get started:
- Continue to read everything here on this board regularly! I cannot emphasize that enough. If you’re not learning something new here everyday, you’re not reading. Even if it’s a topic you think you know, read it anyway. You’d be surprised how repitition burns it into your mind so it becomes second nature.
- Start shouting from the roof tops (well, not literally) that “I Buy Houses”. Pass out flyers, print up business cards and hand them out, put up bandit signs, take out ads in the paper or pennysaver. Whatever. Just start putting out the word. You don’t have to do all of that at one time, that can add up to a lot of money you may not have right now. But, the more you do, the better your results. I wouldn’t worry too much about not knowing how to handle every kind of transaction. You can always figure out a way to either A) do it, or B) tell them you can’t help them.
2a. If you think you can do it, but are unsure how exactly, POST IT ON HERE! Let the experts help you. I cannot tell you enough how generous and giving these guys (and gals!) are here.
2b. If you need a contract, you can usually get one from someone here, or at William Bronchicks site (www.legalwiz.com)
Get familiar with filling out forms. If you buy Bronchicks course, then it will be a piece of cake. If not, you may scratch your head on a couple of the lines. Ask.
Figure out what you want to focus on and start there. You can branch out as you grow comfortable with other techniques.
Hope this gives you some ideas of what to do. READ the HOW TO articles again if you haven’t read them already.
Best of success!