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The Newbie Struggle.....
As a brand new person in the real estate profession I have decided to focus all of my attention on wholesaling. I am struggling with what my best approach should be to find the properties. Can my new bigger pocket family help me out with some recommendations/suggestions.... I am in the PA and DE area.
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- Rental Property Investor
- Clarkston, GA
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@Eric H. You give good advice. Sadly because its become so difficult to find motivated sellers, cull from that small list good deals, in todays hot market and everyone knows zestimate without regard to the poor condition of their house. That a direct marketing campaign (many $100 per month, and much more) mostly generates leads that are "listings" for an agent. There fore, get licensed, direct market (search here on yellow letters, direct marketing) and list the leads who call.
The 2nd strategy for a new person, still involves marketing, direct mail, yellow letters, but instead of the very rare high equity sellers, market for low to no equity sellers. The deal type is: lease option, sandwitch lease option, subject to. At least there are more of these sellers, and best of all they are happy to have you solve their problem. Unlike trying to low ball offer to a seller with high equity.