I am new to this and have read everything under the sun on property investing. Now I actually have to start doing something about it. I really have nothing to get started with but the sheer determination to make it work. I have made all the calls and even lined up some pretty good deals at 50-55% of the home value. Now getting the money is one thing, but finding buyers before I own the property boggles my mind. Also writing the actual contract is intimidating me because I don’t want to leave anything out. Also don’t know what to do if I really can’t get the money together when I do put a property to contract. I’d appreciate all the help I can get.
Congratulations on taking the first step. To better answer your question, we need to know what type of investing is it that you are venturing in to? (wholesaling, short sales, lease options, buy and hold, etc…)
You know that’s a great question that I’m not sure I know the answer to. I have so much information in my head that I feel like I do more than one. I am looking to acquire lease purchase agreements if its in the cards to generate some immediate cash as well as cash flow (I just got off the phone with my hard money lender who told me he needs 20% down which I don’t have). I also am looking to wholesale or assign contracts that I sign up in order to pretty much do the same thing. Ideally I would like to buy and rent because of the market potential in my area and rentals are pretty hot around here. I hope this helps to where I am in my investment strategies.