here is how i plan to start this business please edit

[Account Closed]

Ok guys I just want to let you know that once I am done with college (thank god) next week I plan to make the transition part time wholesaling and part time waiter (30) hours a week..

I am working on what I plan to do as a wholesaler to get me leads, my first thing is direct mail everyday, whether I handwrite letters 15-20 a day (about 90 minutes of my time) or send postcards all out of state owners with high equity. Need to get a great letter and become a good talker,so i will need anyone with advice as to what I should say on the phone. I have been getting calls but none are interested and view me as a scam

The next thing I will do is because I am a waiter I will be PUTTING business cards in all my tables checks. I will have a yellow card saying 500$ then will explain that if they know a friend or anyone with a house that they need to get rid of I will give them 500$ if they refer me to them and we close a deal. I will also put these Flyers up at stores and post-offices. I will get either bright yellow or green computer paper and print them and advertise the same, Frustrated landlords, foreclosed properties, estate sales, if you know any one ready to dump a party call me and HELP your friend out of the situtation and make 500$ is my basic message.

The other things I will be doing is trying to build a buyers list day by day, I am calling landlords with for rent signs like today but he didn't really understand what i do? I said find a seller put it in contract and sell the contract to you. guy has 80 units and didnt understand?

Probate sales also interest me and I am looking for a book or something I can buy that you guys have had success with. (there are so many I want to know what YOU used and what has giving you the most information)

I want to know what I should do everyday to help close a deal at the end of the summer, I have money to work with and have a rental already under my belt, but I would love for either advice, a program, something to head me in the right direction to close a deal in 2-3 months.

PS. If any one needs any advice on working out/diet/fitness whatever I can go on for hours about that lol that is my specialty!

[Bill Gulley]

Well, you asked!

IMO, the last thing I would want if I were to go out to eat would be for my waiter hitting be up with some real estate deal!

The last thing I would want if I owned a resturant, would be formy waiters hitting my customers up for other business deals.

One of the last people I would trust with my real estate investments would be someone who could not make a living in real estate and worked as a waiter at a resturant.....bar tender maybe...LOL!

I don't think that is a good idea.

I admire your ambition and eagerness, but I think it's best to at least appear to others that you know enough about what you do that you can be successful enough to make a living from it.

I have never used direct mail of any kind, so I have no idea what color paper to use.

Before striking off in different directions, I suggest you first, learn how to estimate market value using comps, understand the the types of transactions used and the related rules, regulations and laws pertaining to the transactions. The reason people may think you have a scam going might be because you don't come across as being fully knowledgable in the transaction. Don't use a spiel to convey your interest, go at it to solve the problem of the buyer and let them know you are trying to help them, they know you are also trying to help yourself. Just a guess....

Lastly, learn one aspect of buying and selling and master that and then move into other areas, applying new things to what you really know is easier than trying to learn everything at the same time and being pulled in different directions. For example, there are many more deals in looking into pre-foreclosures right now than trying to do estate sales and probate. 1 in 9 homeowners are underwater, 1 in 4 people who die have their property sold in probate, so which is the largest market? The 120 people who died last month with 30 properties or the 1,000 homeowners in an area of 9,000?
homes? Not saying don't keep in mind the whole market, just begin with the odds in your favor. Know your market.

Now, someone might say hit the area where there is the least competition, like probate, but there is no area where RE investors don't crawl through possible deals, IMO. So, I suggest you learn the basics very well and be able to apply your knowledge to anything that pops up.

Walk and talk, let people know what you do, but maybe not at your other job. Good luck