Cold caller wanting to purchase my rental property.

[Scott May]

I have a single family rental that I am looking to sell and upgrade to a fourplex. I am getting my ducks in line by meeting mentors and doing about 10-15 hours of research a week to prepare to do a 1031 exchange when I find the right property to buy. 

Tonight I had a cold caller showing interest in my property. Normally I don't talk to them about my affairs but decided to tell them I would consider selling because I am looking at doing a 1031 exchange. In the end the caller stated an investor would get back to me. I was not prepared for this call and did not get the callers information. 

My question is should I be talking to cold callers? Is this a networking opportunity or should I stay away?

[Dave Foster]

@Scott May, At the end of the day a deal is a deal no matter where it comes from.  You have to kiss a lot of frogs sometimes... etc etc.   In this case it's probably a larger wholesaler trying a new tact.  Or a no pockets firm trying to get interested parties to sell a list to someone in turn.  Seller beware.  But it never hurts to listen.  My curiosity is piqued.  Let us know how it turns out.  I mean there are some legit folks out there who use sophisticated marketing techniques to find properties :)