My husband and I are new investors here in South Jersey. We have read Dean's books(loved them!) and have been listening to other trainers as well. We are both very eager to get moving on a property but I feel we have some of that analysis paralysis that Dean spoke of on his call last night!! Information overload!!
We have been receiving porperties from a couple of realtors and there a few that I like. The main issue we have been running into is funds. We have spoken with several differnet HMLs and all of them want a decent size down payment which we don't have. I am looking to find that 100% financing that I've read about here on the website and in Dean's books.
I am interested in tryng to wholesale some properties but my realtor says a pre-qual letter is required to even make an offer.
REO's sound like a great oipportunity but it seems like ther is a lot of competition and a most of them go for listing price. I was reading "Indiana Jones" posts' how they are dealing directly with the REO asset managers. Any advice on how to strike up that raltionship so you get the properties before the realtor does would be great!
We are determined to make this work so we can spend more time with our 3 littl ekids and have enough for their futures!!
Love to hear from you all! It is very inspiring to see what some of you have accompished!!