Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago on . Most recent reply

Is it a good time to invest in California?
Hello. I have been trying to get into the real estate market since last June. At the time I was not too knowledgeable on the whole real estate market, real estate strategies or real estate funding that is out there so I started off as a potential wholesaler. Within the course of 6 months I sent out about 2000 letters to potential motivated sellers and got a very low response rate. when I sent out letters here urban localized Los Angeles county and Orange County, and not one person was motivated enough to sell. (Not one person called back) Then I sent letters to rural 29 palms and Joshua tree and got about 5-10 call backs but the houses were either at a low value and needed repairs worth than the property itself or the seller was not motivated enough to sell for a price that was good enough.
I do not know if it was the marketing(as in the letter was not convincing enough, or my target was just not there or the fact that I am 18 made people not give me the opportunity to help them) that caused the low response rate. Can any one giving me a few pointers on direct mail marketing?
Therefore, I decided to look at the world of possibilities and Strategies(by educating myself) to change my real estate business model a bit,so I started to look at rehabbing. My father is a contractor so I think I can get the repairs done but I want to make sure I am dealing best people for the job. I want to deal with realtors who will work for there commission (no offense), attorneys who don't just take my money(no offense again), insurance brokers who give me the best rates and tell me exactly what I need and mortgage brokers., who can lend me money with the best rates possible.
Can anyone pleas give me a few pointers? Am I approaching the fix and flip business the right way?