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.

[Jon Holdman]

And the problem here is what? The wholesaler brought you exactly what you wanted and you made a profit. Are you upset that the wholesaler made more than you? Or that you overpaid? This seems like a case of "be careful what you wish for, you might get it."

Or, do you just mean this as an example that to justify putting in the time, effort and money to find you own deals?