A lot of new investors get stuck on the order of operations.

Alex Vislosky

11d • General discussion

Noticing some confusion around the order in which you should be reaching out to people to get started.

When do I reach out to wholesalers, realtors, lenders, and boots on the ground?

Answer:

Doesn't matter the order. Start early. Does not have to be in stages.

You don’t need:

• A deal

• Cash

• Lending approved

• A contractor lined up

To start building relationships.

Here’s the real order:

1. Build your network immediately. Reach out to contractors, wholesalers, realtors, and lenders. Be transparent. Tell them you’re building your buy box and team. Explain to the what you are looking for, if you feel comfortable explain to them your funding situation.

2. Clarify your criteria Price range. Rent. ARV. Area. Strategy. Nail this down as you speak to your lender and learn more about what strategy works for your situation.

3. Learn your lending. Schedule a call with Trichelle. Even if you don’t have a deal.

Understand:

• What loan products fit you

• What credit score you need

• What LTV you qualify for

• How your refinance plan should look

4. Review deals consistently. You don’t have to buy anything. Analyze and do reps checking out deals.

Big mistake: Waiting until you have a deal to start calling people.

Conclusion:

You don’t need a deal to talk to lenders or contractors. You don’t need cash lined up to talk to wholesalers or realtors. You can schedule time with Trichelle (Our lender) no matter where you’re at in the process.

Build relationships first. Then move when the right deal shows up.

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