Wholesaling Business Startup Costs

[James Danchus]

BP,

So I have come to the realization that I am going to have to do some kind of mail marketing campaign in order to start up my wholesale business. Originally I wanted to "drive for dollars" to get my first few deals but I've found that this doesn't seem like a very efficient use of time (I've found 1 possible lead in about 3 hours of D&D).

Other than mailer costs what other kinds of costs am I looking at to launch the business the right way. I figure I am going to need a phone line, website, a budget for SEO, business cards, and a BP Pro account. 

Is there anything else I am missing?  

[Brandon Battle]

You are missing the most important thing you can buy yourself,an education.You need to meet with professional wholesalers who have been doing this successfully for some time and ask them how they do it.Apprentice yourself to them for free doing their ground pounding work learning the business as a young college student intern would.Learn how to put together a large list of cash buyers and flippers who need the properties you find to sell them.Learn how to carve out a good territory to farm that has several homes sold in the last two years for top dollar prices and sold the fastest (less than 30 days).Learn how to use postal workers,utilities people,and others to spot bad houses that might be able to be bought cheap.Use high school students involved in sports teams or band to seed your farm with cards and fliers door to door at every property and give them a tax deductible donation to their groups.Promise them a bigger wad of cash if you sell a house they bird dog for you(tax deduction!).There are lots of ways to find a property,just need to be creative.