Wholesaling
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago,
Why let them leads go?
Hey BP,
I have been getting a pretty good response rate on my letters I been sending out. Notice I didn't say yellow letters because I do not do them. I just type up my letter and copy a handwritten P.S. at the bottom and send in a hand written envelop and they do pretty good for me (for now). So like most people will probably say majority of your calls from a AO list will be landlords either on purpose or by mistake but they will likely be landlords.
So they are not all motivated to the point where they are ready to give up huge discounts but some are pleasant and willing to sell. Most of them are rented out with leases in place and the sellers say are in good condition. So these are bought strictly off of cashflow then right? So how do you wholesale this? From most of my reading most people are not buying rentals with all cash unless they are buying distressed? But are refinancing after they have it fixed and rented, but these properties already have all of this in place.
So I see value in buying a property like this if the numbers work but would be with regular financing. Should I just be letting these leads go and not waste my time in terms of wholesaling or what? I hear people on the podcast say every lead gets a offer and thats something I am looking to start doing, but how should I be working my offers on properties like this?
Thanks