I have never done this before because I never thought about it. Based upon the success I have had, it makes sense to do it. I do alot of things many never thought about, that all contribute to my success.
Some background on me. I started investing in real estate at age 19. I begun in Brooklyn, New York and after selling a few years later at a nice profit, I decided to keep buying real estate. That one deal began a love affair with real estate that to this day, over 20 years later, still exists.
I have bought and sold millions of dollars worth of real estate. I have bought and sold notes as well.
I kept on educating myself. I read books, magazines, went to investor club meetings. I networked with many people before it had the formal name of networking.
Back then, I called it building a business, and it still very much is.
Today, I still buy single family homes, just as I buy apartment buildings, commercial properties, raw land. If there is a deal to do I get involved.
If I was just starting out today, here is what I would do.
The first thing would be to create a team. That team would include a hungry realtor who deals with investor properties.
The next member would be a hard money lender who actually could get a deal done.
The next member would be a appraiser who would be willing to work for 5% of every deal.
The next member would be a general contractor who would be willing to work for 5% of every deal.
I am giving up 10% of every deal but I am getting aggresive people on my team who are willing to work because they are getting a piece of the pie. They would be made aware that I would only be bringing them out on deals I have decided to actually pursue, not maybe.
The next step would be to begin putting together a group of buyers. Not to fund my deals, but to buy them from me. I am building a business that is built on buying and re-selling, not flipping.
I am not interested in making a flip fee. I am interested in making a profit based upon buying right to sell right.
This is how I would begin as my first steps. More later.
I have never done this before because I never thought about it. Based upon the success I have had, it makes sense to do it. I do alot of things many never thought about, that all contribute to my success.
Some background on me. I started investing in real estate at age 19. I begun in Brooklyn, New York and after selling a few years later at a nice profit, I decided to keep buying real estate. That one deal began a love affair with real estate that to this day, over 20 years later, still exists.
I have bought and sold millions of dollars worth of real estate. I have bought and sold notes as well.
I kept on educating myself. I read books, magazines, went to investor club meetings. I networked with many people before it had the formal name of networking.
Back then, I called it building a business, and it still very much is.
Today, I still buy single family homes, just as I buy apartment buildings, commercial properties, raw land. If there is a deal to do I get involved.
If I was just starting out today, here is what I would do.
The first thing would be to create a team. That team would include a hungry realtor who deals with investor properties.
The next member would be a hard money lender who actually could get a deal done.
The next member would be a appraiser who would be willing to work for 5% of every deal.
The next member would be a general contractor who would be willing to work for 5% of every deal.
I am giving up 10% of every deal but I am getting aggresive people on my team who are willing to work because they are getting a piece of the pie. They would be made aware that I would only be bringing them out on deals I have decided to actually pursue, not maybe.
The next step would be to begin putting together a group of buyers. Not to fund my deals, but to buy them from me. I am building a business that is built on buying and re-selling, not flipping.
I am not interested in making a flip fee. I am interested in making a profit based upon buying right to sell right.
This is how I would begin as my first steps. More later.