FSBO Market. Nothing but Undercover Realtors and Wholesalers??

[Jerome Harrod II]

Ugh! Lead Famine! Has this ever happened to you?
Where you recently had a few failed direct marketing campaigns drain funds and no one is calling on flyers/classified ads anymore? And you look up to find you have no more marketing money?

Well it happened to me just now and I'm part timing this while in college so that hurt my pockets, So my brilliant next move was to start calling aged/seasoned Online FSBO ads of about 30 days, calling on homes from Craigslist/Owners.com/Forsalebyowner.com and other sites like that.

After calling 3 ads or so a day for a week, I find it troubling that every call I made, with the exception of 1 ad, was either a wholesaler or a RE Agent. That's about 21 to 30 calls to find one lead.

Many people would find that that's not enough info to make a credible observation in a market, but most FSBO websites aggregate listings from each other so it's not like I have many leads to call after sifting through duplicates.

Some may be thinking network, and I will add that I didn't have a good experience partnering with other wholesalers in my area (Baltimore, MD) so I stopped and I haven't a clue on how to navigate and co-op with agents as a wholesaler, as I don't want to get too competitive with foreclosures yet.

So from that I pose a question, In your opinon is it worth going after FSBO's anymore? If you are doing well with this lead source, I would love to hear from you on your thoughts and what are you doing to find "legit" owners.