New full time wholesale business

[Or Basan]

Hello BP members ,🤗 ( IF THERE IS ANY ENGLISH MISTAKES ,SORRY )

[Or Basan]

Hello BP members ,🤗

This post it’s a question post , bust hopefully by answering it , it can bring value to the other readers who’s interested in the same topic too .

I’m starting my full time Wholeselling business at the beginning of the year (congratulations🎈).

my goal is for the first year to get 2 deals a month so 24 deals a year.10K profit minimum per deal .

This is how we plan to get it :(assuming that’s we’re doing a good job talking to sellers and having a good negotiation skills)

we going to Send a monthly letter to 7,000 list of people to the following :

1. 30% eq or better , 7 years of ownership or Better,SFR,3-5 Bedroom

2. Owner occupied 30 eq or better ,15 y ownership or longer ,sfr,3-5 bedroom,65 years or older of deed owner

3. Mortgage late

4. Nods

5. Inherited

About 6,000 letters will go to group 1 and 2 and the rest will split between the other groups .

we expecting to get 1.5 deals a month from that marketing strategy (7000 letters ,1.5% callback that’s 105 1.5% that’s 1.5 any change )

So that will bring us to 18 deals a year .

(Btw we paying 65 Cent per letter)

We going to put 850 street signs (still waiting for a final answer from the county to make sure we’re doing it only on a legal locations)

That’s come along with business cards that we going to give away daily , and stickers “we buy houses “ on my car, and also do door knocking for homeowners who’s in pre foreclosure.

Hopefully all of it will bring us another 6 deals .

Also I’m going to hire a GREAT Seo mannager to work on my website so hopefully for 2020 Well be able to extend the business for online marketing too and getting leads organically too.( I was thinking at the beginning of getting into ppc and direct mailing together but than i decided to focus on one things , be great at it , and than invest on other things, also I spoke to few very successful flippers in my market and they all said that DM is their best source of leads .

I would be happy to hear your opinion and tell me if we miss anything or things looks good to you .

btw , michal Quarles is a great great source of info so for the guys who never read his posts on bigger pockets or listen to his podcast, I’m highly recommend, absolutely love him .

* you guys thinks the goal of 24 deals per year it’s realistic for this one year strategy?