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Updated over 8 years ago, 05/09/2016
Probate Wholesaling as a Launching Pad
Hello All,
I just signed up for Bigger Pockets a couple of days ago and am loving all the great discussions and content. I would like to get some feedback on using the Wholesaling strategy as a Launching Pad for my REI career. I have been doing a lot of research and going through an educational process even before joining here on BP. Specifically I have been focusing on the probate niche as a starting point. I have been down to my city courthouse and did some direct mailing to a first batch of leads.
My question is: Is Probate-Wholesaling the best and most efficient way to start building capital for a new investor? I understand from reading some of the other forums, that probate leads can often take 6-8 months to materialize, and I have seen some members state they have spent upwards of $8k on marketing material. As a new investor, I do not have that kind of marketing budget (closer to $0), and a 6-8 month timeline for leads to start actually developing seems far off.
For someone just starting out, eager to get going, and lacking the marketing budget, is Probate-Wholesaling the best place for me to be focusing my efforts?