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Updated over 8 years ago on . Most recent reply
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Wholesaling journey so far
It has been about 3 weeks since I discovered wholesaling. So far, I have recieved 2 absentee list from a title company for 2 cities in North County San Diego. Each day at my 9-5, I use Google maps and Zillow to evaluate the property. Then send out a letter to the owners to buy. I have sent out about 20 letters no response as of yet. Doesn't matter I just keep cranking out more letters. Today I am going buy more stamps , envelopes, and legal pad.So I write more letters every free moment I get. I'll will keep you posted and my results. Feel free to leave feedback and advice.
I greatly appreciate it
Most Popular Reply
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Keep up the good work!
I also started about 3 weeks ago. I drove around my area in neighborhoods I know are middle class B-ish neighborhoods with high property values (good to know your target area!) looking for houses that were neglected enough to "stick out". Some were O/O some weren't. So far I've sent about 40 letters to that list, all hand written, and have gotten 4 calls back: 1 (absentee) interested but not motivated, 1 (absentee) not interested unless getting huge payoff, 2 (O/O) in the works now and hopefully will be under contract by the end of this week.
From what I've seen I wouldn't count out O/O!
I am working on other lists either just sent out or sending out soon, so no results yet. These lists, if you're interested in trying them, are:
- 75-100% equity with owners over 50 years old
- tax delinquent
- code violation...particularly overgrown or junky, multiple/long standing issues (this is a time/energy intensive list for me, hopefully your city's site is more user friendly)
- recent arrests (sent out Wednesday, believe it or not I've already gotten a call back)
Good luck!