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Updated about 3 years ago on . Most recent reply
Where to go from here
Hello BP community. I seem to be having a difficult time in my attempt to grow my portfolio. I have invested on my first rental property (duplex) 3 years ago. I am trying to grow my portfolio at least purchase another property but before I did this I wanted to increase my reserves by wholesaling. With sms and bandit signs being illegal in Houston I went the direct mail route and spent over 7k on a direct mail campaign. It had disappointing results and literally just had 1 possible motivated seller out of 1000 contacts and that motivated seller wasn’t even really that motivated and was just curious how much I would offer. This was a 6 month campaign and it is now over.
I am not quite sure where to go from here as far as acquiring more reserves via wholesaling or other methods. I do have savings collected from my job but I need other sources of income.
Would anyone have any advise they can share?
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@Ben M. Wholesaling is a great way to create extra income. Started as extra income for me and then ended up being able to leave my job as a truck driver because of it.