I have not been a student of Deans for very long. I have hi Profit Now book as well as his new book Your Town. These books are a godsend at a time when I really needed to try this again and make it work.
I have health challenges that seem to not come out while I am not working. I suffer from Kidney Stones and have had as many as ten at one time. I also am broke financially and am 30 pounds overweight, all from stress.
This thread is not so much about nuts and bolts techniques, but there is some relevance here as you read on.
From reading Deans books and from following this community, I have found that this is really a mobile business or can be. What do I mean by that?
First, you don't need an office and employees unless you feel you do. What you really need is a good cell phone with a unlimited plan in place, preferably a Blackberry. You need a 800 telephone number. I find Ring Central to be a good one.
You need a laptop, the forms that Dean makes available especially the Profit Now and Your Town forms, all found here.
I use Realtor.com to locate deals online, although there are better resources, but for example in Pittsburgh, PA there are properties listed for sale in the $5000.00 to $12,000.00 range, so there are some lower priced properties out there.
There is nothing more you need as far as tools. For resources, a good hard money lender is a necessity although I would take the route of Transactional Funders before I go hard money.
In Dallas Texas, a good hard money lender is Apollo Financial. The guys name is Bill Jackson. They will fund 70% of the ARV and go to a 30 month term, not the 6 months most do and he does residential deals.
For Transactional Funders, most are full of crap. Their websites are often operated by so called Real Estate Guru's who get your contact information and then bombard you with webinars, so you'll buy their opportunities/courses.
I will post later today, a list of the real one's, the one's who actually make their money by providing funds to you for your deals.
Don't know if this helps anyone but hopefully it does.