How come I cannot get a wholesale deal

[Account Closed]

I have been using the wholesale strategy for about 5 months now but i cannot seem to find any deal i had two contracts but both fell through and now all I have to invest is about 50 bucks please tell me some free too low cost marketing methods to find motivated sellers thanks!

[Alex Harris]

I agree with those who are mentioning why the first deals didn't close. That should be the FIRST thing to focus on. Even if you found a deal with a marketing budget of $50 and got it under contract, whats to stop it from falling thru again?

Back to your main question though concerning deals- constancy is key. Craigslist is great but there are also several public information sources which I've heard that you can use to look up motivated sellers for marketing. I guess they are pulled from county records. Driving for dollars mentioned earlier isn't free but its another good method (Maybe ride your bike?). A large portion of people I speak with have inhereted their property from a loved one so target them if possible. I've heard of people looking in the obituaries but I don't really know how I feel about that 1 yet. Whatever you choose, make sure you learn everything about it and become a specialist if you can. Most people prefer direct mailers and become yellow letter specialists by researching the law of averages, templates, yellow letter vs regular letter, and even stuff like mailing on or near a full moon (I have no idea). I personally have never used a mailer and just do online marketing with my website because SEO is my specialty (and its free besides purchase of domain/hosting).

Also last word is don't get discouraged if this is really what you want to do. In my first 7 months, I didn't close ANY deals (had 1 under contract but it fell thru because of a rookie mistake). It took me a while but now I'm closing 1 a month consistantly (nothing compared to those on here who are closing 5-10 a month) but I'm still building momentum. Never stop learning.