2 wholesale deals this month from direct mail

[Kristopher Gomez]

Hi all, havnt posted on here for awhile now been to busy getting deals, my last round of post cards were to absentee owners we have been doing around 3000 cards a week...I wanted to share this incase there's any new people reading this. Direct mail is expensive but it does work if your consistent with it. I got 2 deals this month. The first one was a wholetail flip...ARV was $295k I contracted it for 230k and sold to a buy and hold investor for 255k and made $25k. :) The next deal was so good I kept for myself, it was a 4 bedroom house in Palm Springs ARV 160k, I got it for 110k and negotiated $2500 cash back at closing because it needed paint and carpet lol. I could of flipped it but I'm keeping it because it rents for 1250 a month and i picked up 50k in equity!!. Moral to my story here is that if your a new investor don't be afraid to spend big money on direct mail or whatever marketing you are going with. In this case I spent around 8k between buying the list and sending the cards... but I made 25k on the flip and I picked up 50k in equity on the rental and about $700 a month in cash flow. Not to shabby lol. Sometimes You spend money on marketing and get no deals and it's discouraging but when that happens you got to just keep it going and let the law of averages play out. These deals I just got offset a years worth of marketing for me. Also for any new wholesalers out there reading this don't think that you can only make money if you get a house 60% of ARV... there's plenty of buy and hold investors that will pay good money for anything they can get cheaper then retail or cheaper than what they can find on the MLS.