Tips for finding off market deals!!

[Karim Elahi]

Hello,

Hope everyone's well. I'm looking to find more deals in my local market but haven't had the best of luck with wholesale deals. Looking for properties in Philly metro area(Mainly South Jersey etc). Can you suggest any tips for finding deals on my own if I'm unable to find any wholesalers? Does direct mail work? Any suggestion is welcome. 

[Vaughn Smith]

@Karim Elahi There are several options when it comes to wholesale marketing I won't list hem here as Im sure people already have, but here are a few things to consider:

1) Everything works if you're consistent and you market to a big enough population. Expect to invest in whatever marketing channel you're using for 6 months minimum

2) The north east is VERY competitive when it comes to wholesaling, in the two markets you've chosen, marketing in Philly will be a bit more expensive than south Jersey

3) Consider the cash conversion cycle for each form of marketing, don't expect a dollar for dollar return on every form of marketing some forms of marketing will require a bigger spend than others

4) More expensive marketing isnt better marketing this goes for marketing channels, types of marketing (IE mailers) etc

5) Low cost options (driving for dollars/door knocking) are inexpensive but very hard to scale or do consistently

6) Direct mail works, but make sure you don't miss calls from potential sellers, also expect calls from angry people who don't want to be a part of your campaign(happens all the time)

Marketing for your own deals will usually yield the best returns as many wholesalers keep the best deals for themselves and wholesale the deals that aren't always worth buying.