I’ve been investing for about 4 years in single and multi family and I’m continuing to learn as I go. I’d like to find local investors in my area that could use an assistant either full or part time but I’m coming up short in how to reach them. Craigslist didn’t get much response and the local clubs haven’t been much help either.
Any suggestions would be appreciated as I’d much rather be working for another established investor and learning in the process than holding down my current job,
I am still very green on this, but do you have any REO agent contacts? They may hook you up with some of their investors they work with. Most realtors work with investors in your area, that would be where I would start.
The only thing I can tell you is that in my town, the membership fees for the investors club are high, and a lot of serious investors are cheapskates, so they never join.
The real investors meet every morning, very early, at one of the local coffee shops. It’s like a Starbucks (no food) but nicer decore and better coffee and better pastries. They have their coffee and chat with the other guys who are there.
I notice the names of the big investors appearing fairly frequently in the listings for building permits being issued by the county. Not necessarily as “contractor”, but as “owner”.
Also, the big names tend to give interviews to the local media about the state of the real estate market, so I hear their names there, quoted as the source of information.
Your title company will know who does a lot of closings (However, if my title company handed out my name to strangers, I’d probably fire them)
analyze the MLS. Look for all the cash sales and houses that sold quickly. You’ll probably start to see names appear more then once. These are probably your area investors. Go by a few of the recent solds that you find and see if you run into them or talk with a contractor who might be on site.
Also, have you tried calling any bandit signs, classified ads, or typing in “your city we buy houses” into Google? Look for the investors who have listings every week in the buying section as well as rental section of your local papers. I have had multiple people help me out throughout the years because they contacted me through one of these 3 options.
You can start your marketing through flyers on your local newspapers, leaflets and calling people who might refer you to some potential agent or real estate investor.
I would look in the same places you’d go to build your buyer’s list anyway:
Local REIA
Craigslist
Classified Ads
Caling We Buy Houses signs around town
Attending auctions,
etc
If you went to your local club and it has a decent number of member, I’m surprised no one wanted an assistant. What did you offer to do it for? Maybe change the offer, like $x/hour, or no upfront costs but a flat fee or percentage of each deal.
In my opinion, though, if you’re been inolved in real estate for 4 years and have even invested yourself, why not just spend the time wholesaling deals yourself?