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Wholesaling
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Updated almost 8 years ago on . Most recent reply

User Stats

208
Posts
157
Votes
Jake Walroth
  • Investor
  • Cincinnati, OH
157
Votes |
208
Posts

Wholesaling in Ohio-while not an agent

Jake Walroth
  • Investor
  • Cincinnati, OH
Posted

I've just started doing some Direct Mail and 4 days after sending 100 mailers to a focused area I've already received 5 phone calls, and 5 opportunities to do walk throughs with the owners. Whether a deal happens or not isn't what I'm worried about. My question is, if I continue to use Direct Mail and have a successful response rate, how do I turn those leads I can't procure into sales. I've read the forums on how wholesaling is illegal, but then I just listened to podcast #42 with Mike Nelson, who isn't an agent, isn't double closing, and is still wholesaling in Ohio-- granted that pod is from 2013, but I guess my question, is there anyway to attempt to wholesale whatever overflow I have from my Direct Mail campaign in Ohio? 

Cheers

Most Popular Reply

User Stats

488
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363
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Paul Amegatcher
  • Rental Property Investor
  • Brookville, OH
363
Votes |
488
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Paul Amegatcher
  • Rental Property Investor
  • Brookville, OH
Replied
Originally posted by @Jake Walroth:

I've just started doing some Direct Mail and 4 days after sending 100 mailers to a focused area I've already received 5 phone calls, and 5 opportunities to do walk throughs with the owners. Whether a deal happens or not isn't what I'm worried about. My question is, if I continue to use Direct Mail and have a successful response rate, how do I turn those leads I can't procure into sales. I've read the forums on how wholesaling is illegal, but then I just listened to podcast #42 with Mike Nelson, who isn't an agent, isn't double closing, and is still wholesaling in Ohio-- granted that pod is from 2013, but I guess my question, is there anyway to attempt to wholesale whatever overflow I have from my Direct Mail campaign in Ohio? 

Cheers

 What you can do is use transactional funding to double close on the property.  This makes you a principal owner if only for five minutes. 

  • Paul Amegatcher
  • Loading replies...