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Updated almost 8 years ago,

User Stats

121
Posts
44
Votes
Alex Bock
  • Investor
  • Davenport, IA
44
Votes |
121
Posts

My first wholesale: Did I blow it already?

Alex Bock
  • Investor
  • Davenport, IA
Posted

Hello BP'ers

I'm writing this post to either complain about losing my first wholesale before I got started, or get some advice as to how I could handle it from here. I found a boarded up multiplex (3 large units). It is in a pretty high demand area in an old building that needs a lot of work. I've talked to a few investors already who said they're very interested. I was able to determine who owned the building. After a long debate with myself today as to how to contact the owner, I decided to call him at his business (Which is not real estate) which was yielded pretty quick from a google search of his name. After all, Youtube showed me how to do it! 

I immediately realized this was a bad idea as soon as I got him on the phone. You could say he was less than thrilled to hear from me.. He asked what I wanted after the spiel about calling his business. I let him know that I was interested in buying it and that I wanted more information about it. He said a lot of people are interested in it, but every time they find out he owes on it they bail out. I have insider information that someone who did the same thing and toured the property with him wasn't interested because he was asking too much (He's owned it for 17 years and picked it up for $70,000).
 

He made a crack about getting angrier with age, and how he HATES being bothered. I totally understand, I'm obviously not the first person to contact him about it. I did my best to rest assure him that it obviously wasn't my goal to bother him and I was here to work around his schedule. He ended up giving me his personal home number at the end of the call and told me to call him at Noon on Sunday. I feel like I've placed myself with every other time-waster he has shown the building to (Whether that's his fault or mine). Did I blow it already? If not, how should I present myself Sunday? Any pro-tips? I hate sales but I feel like this is a good start for me to become an investor. I feel like I picked a difficult first mission!

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