Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

2
Posts
1
Votes
Larry Morrow
  • Financial Coach
  • Bear, DE
1
Votes |
2
Posts

The Newbie Struggle.....

Larry Morrow
  • Financial Coach
  • Bear, DE
Posted

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. 

Most Popular Reply

User Stats

2,040
Posts
1,918
Votes
Curt Smith
#4 Innovative Strategies Contributor
  • Rental Property Investor
  • Clarkston, GA
1,918
Votes |
2,040
Posts
Curt Smith
#4 Innovative Strategies Contributor
  • Rental Property Investor
  • Clarkston, GA
Replied

@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.

  • Curt Smith
  • [email protected]
  • 678-948-7151
  • Loading replies...