Learning to wholesale

[Mark Gannotskiy]

I’m located in Portland OR and I’m looking to start wholesaling but I’m not sure where to start. I feel like there’s no deals to start with.

(Especially with all the stuff going on with the rioters and chaos here in Oregon).

Can I make a living off just doing wholesale in Portland area?

I started “driving for dollars” and cold calling a few days ago I’m doing about 20-30 outbound calls a day. Is that too little how much should I be calling a day?

Should I be looking on market for deals? I want to start hustling but I have no idea where to start. I’m about 20 what is your guys’ practical advise for me. I want this to be a kickstart for eventually investing into properties and actually buying them. Or even making a living on this.

[Alec Spence]

Hi Mark, I wanted to jump in and let you know there is a BETTER WAY than driving for dollars! We are wholesalers of many types of properties, and one of the reasons it is so great is because we can do it from literally anywhere, we don't have to be where we are looking to buy. It looks like you've discovered driving for dollars and cold calling just doesn't work as well as other options. We are direct mail acquisition machines all without leaving our office (or home, or wherever we happen to be that day - haha). We pull assessor data from a direct link of the type of properties in the areas we want and send ALL the property owners an offer. (Not only out of state or tax delinquent.) We scrub the list to remove things like: properties with a mortgage, duplicates, etc. and spend a tremendous amount of time on pricing, because although these offers may be a lot less than retail, they are not out of the question. We explain in our offer letter to sellers that we are serious investors, we are not agents/brokers, we pay cash, and are prepared to close in as soon as x number days. Then we wait for the motivated sellers to call us - and believe me they do. It works amazingly well, and it is how we get there first. Knocking on doors (aka "driving for dollars") is an outdated way of doing this. We now have DATA and computers and direct mail making our lives easier and our time more lucrative. Please feel free to reach out if you have any questions!