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Updated over 8 years ago on . Most recent reply

Account Closed
  • Wesley Chapel, FL
5
Votes |
13
Posts

wholesaling ********bandit signs / update************

Account Closed
  • Wesley Chapel, FL
Posted

Hello All,

I'm here to share my latest move on my Wholesaling business that i started studying on in January.Since January I've been stocking up on books , podcasts & the Internet. I've established my LLC, situated my CRM, Set up business phone , & hammered in a weekly Driving 4 $$ / Direct mailing system. 2 hours ago i just finished putting up 20 of the 100 bandit signs i ordered.......... below is a picture......I strategically set 50 to say " Want your house sold? " (for motivated seller) & the other 50 to say " Handyman special wont last long! " (to build buyers list). Putting 20 out will allow me to replace any that get taken out ...***highly unlikely due to the fact that of my area. I will be putting 20 more out in 2 weeks 6-10 miles from 1 bandit sign farm area. Hopefully tomorrow the phone will be ringing . Let me mention that have tried direct mail with postcards mailing to absentee owners and 0 response rate, so i saved up for the bandit signs and now i'm taking this approach. I'm all for cold calling so my gut feels good about these bandit signs. My only question for BIGGER POCKET MEMBERS is .....What's next? ....i know wait for the calls but do i take a other jab at Direct Mail or...keep trying till results are discovered?

Most Popular Reply

Account Closed
  • Wesley Chapel, FL
5
Votes |
13
Posts
Account Closed
  • Wesley Chapel, FL
Replied

@Brett Snodgrass Sincerely Thank you , Wholesaling definitely has grey areas , so my philosophy is "Why not keep everything clean , hassle free & beneficial to everyone ". I'm all for leaving money on the table..... we all know wholesalers make money through volume, not jacking up every property they touch by 20K. Now for my first Campaign i sent out around 325....*******hence my common sense kicked in when i realized my net wasn't big enough so i kind of "Knew" that response was coming .... i sent it out anyway because i figured ......WHY NOT?? ...there's still time for followup , and they are still quality leads from listsource. YES I'm like a hyenna on craigslist... i literally call EVERYONE sometimes other agents, wholesalers & realtors answer ......**i stay away from houses that are listed by ANYONE ... i forbid myself to send one of my buyers an MLS property. I try and lookout for literally FOR SALE BY-OWNER so i can keep the profession authentic and my exit strategy VALID. My market is currently in a Seller's Market , inventory is low for everyone so Wholesalers are being sought after. Until i get my first genuine cold call deal .....i'm not doing any "Referral properties" or "Listed" or "Bank involved" ETC . I'm here to stay not dibble and dash on investors. I do see myself venturing off to fix & flip for sure.

@Michael B. ****Please elaborate ...... I love strategic tactics towards a deal.... dying to hear more

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