Acquisition Strategy

[Justin Burns]

Hello All,

I am a new to REI, in the sense that I have not done my first deal yet, but I have a plan. I am also soaking up additional information here and planning my networking process, but had a couple of questions.

When marketing to acquire a property to flip, there are obvioulsy as many methods as there are people. You could use an MLS realtor, a wholeseller, mailings, driving for dollars, signs, auctions, and the list goes on.

Since this is a numbers game do most people use multiple methods or do they find one or two that work and stick with that until it doesnt?

Secondly, I am in the Dallas area so this would probably be for the folks knowing that market. Are the margins large enough to insert a wholeseller or an MLS agent into the mix, or are you guys finding it so tight that you have to do your own marketing? With that question I realize that there are a lot of other variables that come into play, but just in general.

Thanks very much for the assistance.