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Updated about 11 years ago on . Most recent reply
Pleh
Okay, so after a couple months of research, learning I've decided that I'm going to get a couple of wholesale deals done to finance the 3.5% I need for an FHA loan. I'm planning on buying a duplex living in one half and renting out the other so I can remove rent from my living expenses. As of now I've sent out about 300 direct mail letters, and I've gotten a couple of calls coming in. For the investors that use direct mail, how can I track the leads my letters bring so I can improve my rate of deals closed (working on getting my first wholesale deal done this month). How can I improve my negotiation skills when discussing what I can pay for a property? And finally thinking ahead besides the 50% rule which I am learning about, what else do I need to take into account when looking for a good multifamily investment? Any advice at all is appreciated and VERY MUCH needed !