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Updated over 7 years ago,
How to build a targeted Wholesale list?
Hello Bigger Pockets Family,
I could use some advice, I am a rookie real estate investor with 2 properties in the North Dallas area and I want to put all my money into becoming a Wholesaler. I have done a ton of research and want to jump in head first. With that being said, I have hit what may be an imaginary wall right out of the gate. I have budget 3 to 5 thousand dollars to get me started with a direct mail campaign, but here is the problem. No matter how much research I have done, I do NOT feel comfortable in my list building skills.
How do the professionals like @Michael Quarles, @Lance Wakefield, and @Brett Snodgrass build their list?
What list company do they use?
What inputs do they look for?
Is % of Equity all that matters when building a List?
What size list should I purchase for round one?
How can I find a local mentor?
How can I convince them to work with me?
I am hyper focused to get started on this campaign, but right before I dove in it hit me. The list is maybe the most important part Wholesaling. Am I walking the thin line of paralysis by analysis? Should I say screw it, jump in and learn from my mistakes or should I look for advice/partnership first?
Bigger Pockets Family hit me with your wisdom!
Sincerely,
Spencer Scott