I'm done with Wholesalers, I'm taking it in house... Suggestions?

[Justin Pierce]

I don’t want to criticize anyone. I’m sure there are some good wholesalers out there. I just haven’t met one yet. I have, however, had a lot of my time wasted by many self proclaimed wholesalers.

I find that wholesalers are trying to push homes that really aren’t deals or they have a huge buyers list and they bid the buyers against each other until all the profit margin is sucked out of a deal. I had a wholesaler once ask me how much I would pay for a home. I gave him my rough numbers and he went and bought the home for $50k less than that and then sold it to me. He made $50k from the deal and after 5 months of rehab and marketing I made $16,000.

I have many more stories like this but the point of my post is to say that I am taking my wholesaling in house. The MLS has pretty much dried up out here so I'm going grass roots. I've hired a personal assistant and these are some of the things we're doing to find deals.

-Sending out about 500 mailers a week to target areas (specifically people who bought their homes over 20 years ago)
-Reworking my website
-Created a feeder website to rank higher on search engines
-Tried putting out bandit signs but got a ticket.
-Searching craigslist, newspapers and for sale by owner sites.
-Driving neighborhoods

Any suggestion? What are we missing? Who is the leading guru real estate marketing and wholesaling.

Again, if you’re a good wholesaler I don’t want to criticize you. This is hard work and you deserve to make some money.