New to Wholesaling

[Nancy Brook]

Hi All -

It looks like I will soon be laid off from my J.O.B., which isn't a bad thing. For the past two years, I have been investing in rental properties. I have one four-plex and my boyfriend and I have invested in two duplexes, three single families rentals and a single family house that is being renovated. We are also waiting for approval on a short-sale.

Due to the change in my employment situation, I'd like to get started as a wholesaler. I have been reading forums to get some ideas as to how to find a mailing list, what letters to send out, how to measure response, follow up. There's a lot of good info on here.

I live in two states: Florida and Montana. We also invest in Ohio. I decided to put my focus on Florida and focus on the vacant properties. I have a list. I've set up a PO box and a google phone number. I just want to know the best way to start.

Do I hand write some yellow letters and send out 20 or so each week? Do I target the properties based on where houses are being sold to investors? (There are, of course, rougher areas of town but everything seems to be selling like mad lately.)

I'm in sales, so I have no fear about taking calls and closing deals. I will need to find comps so I can make sure I'm negotiating a good deal. I know there is Zillow where I can find sold comps. Do you have any other recommendations?

I'm actually quite excited to begin my future. I just want to have things set up so I am approaching things as efficiently as possible, realizing that I will also have a learning curve. I want to make a go of this and so need some cash to start coming in so I don't have to find another J.O.B. :-)

Thanks for your assistance!

[Brandon Proctor]

Great way to start Nancy Brook by setting up a system. I would say just start mailing out your direct mail pieces. Mailing out 20 pieces isn't that much so you may not get many leads depending on your market.

I good way to find comps from what I have read is from MLS or finding a investor friendly real estate agent. Happy investing!