Scared Senseless - My Beginning Into Real Estate Investing

By [http://ezinearticles.com/?expert=Ty_Taylor]Ty Taylor

I want to talk about what I did when I first got started in flipping properties. I guess getting started is probably one of the biggest hurdles that anyone will encounter when they start out discovering how real estate investing works especially if this is your first time investing in real estate opportunities.

So, I am going to take you through the process in how I got started.

I ordered a course off e-bay and although it was used, the course was a very informative course. The only problem was I had no one to consult for questions that I had. The course was very informative but I had no one to mentor me. I still had a lot of questions so I was a little hesitant on a couple of things but being the risk taker that I am I forged ahead. I even went as far as asking a couple of my realtor friends for advice about the wholesaling process.

They told me they had never heard of such a thing. The course that I bought off e-bay informed me ahead of time that little to none of the realtors in my area would know about or even had heard of the process of wholesaling houses.

Knowing that this was a little known process gave me more encouragement to forge ahead. The first thing I did was order 50 bandit signs which are the signs you see on the side of the road that state, "We Buy houses". You may see these all over your area. I ordered 50 of those and actually at the time I overpaid which I did not know and it cost me 250 - 300 for those signs.

I basically stopped at the first sign shop that I came across which was actually at a Wal-mart locally so I started putting signs out on Sunday and started receiving calls actually that Monday of course and I was amazed at that point that the tips I learned in the course I bought worked that fast. I could have stopped at that point and felt like it was worth the cost I paid for the course. That may sound sad but you have to understand that I have tried many different businesses and none of them usually had panned out as far as making a profit.

Anyway I entertained the calls that came through. The first two calls that came in were deals. One was a lease option which could have been a wholesale opportunity but I was so green at the time I could not see it.

The second call was these two sisters. I really had no idea about the ARV (average repaired value) I had just a general idea about what houses would sell for in that area I was able to get that house under contract for $20,000. I was so afraid to even put the house under contract. I searched around on the internet and finally just came up with the idea to go with a one page contract. This contract would not be so intimidating for me and also for the seller.

You always have to remember that even when you are in this business and doing 3 or 4 deals a month that the seller may have only done 1 or 2 deals in their lifetime. This was an interesting deal because when I showed up this was in 2003 I had a 1995 Toyota Celica so I definitely did not look like I had enough money to buy this house cash.

When I walked in that house I guess it was just the way I presented myself they thought I was going to write them a check that day but obviously I wasn't . I explained to them that the process of a deal would include putting it under contract and doing a title check. This was the first thing deal I did and from that point on and now I have done over 350 real estate deals.

Ty Taylor is a professional real estate investor, marketing expert and founder of the http://JunkerProfits.info a flipping real estate course. You can get a free real estate tips and fully analyzed house flipping deals he has done by signing up at http://JunkerProfits.info or feel free to call me by phone at 205-449-6567

Article Source: http://EzineArticles.com/?expert=Ty_Taylor http://EzineArticles.com/?Scared-Senseless---My-Beginning-Into-Real-Estate-Investing&id=1843835

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