Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Buying & Selling Real Estate
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 almost 9 years ago,

User Stats

3
Posts
1
Votes
Ronny Rodriguez
  • West Covina, CA
1
Votes |
3
Posts

Is it a good time to invest in California?

Ronny Rodriguez
  • West Covina, CA
Posted
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?

Loading replies...