Early Stages Wholesaling

[Raphael Thomas]

Hey BP 

This is a question for the savy Wholesalers. I have recently tried my hand at wholesaling to generate some type of income by assigning contracts. I purchased a list where I have about 600 Listings. This is my Criteria: High Equity 40% to 100% Age 45 and Older owned the home for at least 3 years. The home I am seeking is in Bloomfield, NJ. The Market looks pretty good with the new developments and construction around town so I will be sticking to this market. I have tried my hand at Postcards and also yellow letters sending out about 300 every 2 weeks. I am NOT getting a good response thus far and the second campaign was mailed last Friday. I have also listed ads on websites stating that I will like to purchase homes as well. Can any investors offer quick tips, strategies or suggestions to get a better response from the mailers. I will really appreciate the advice thanks in advance.

[Chris Boyd]

Stay with it. Every market is different. We recently did a campaign in Charlotte and had virtually no response, but the campaign before that, we had a 14% response rate. Stay proactive, if you stay consistent, things will happen.