All Forum Posts by: Account Closed

There's a lot of investor activity in AZ, you will have no problem flipping your deal in AZ.  The guys you flip your deal to will get most of the profit on the deal because they're taking on most of the work and risk.  Your aim is to get the property under contract and flip the deal to a rehabber/cash buyer for a quick payday.  Develop a good working relationship with your local guys, your reputation is everything!  

Find the 'We Buy Houses' guys on Craigslist and the local papers for your area, let them know you're a wholesaler.  Some of the ads will be wholesalers also, but it's always good to network with the local investors.  And find a real estate investing club / Meetup in your area. 

Here's how I narrow down my leads in Listsource-

County

Property/Equity/40-100%

Property Type/Residential/SFR

Options/Absentee Owned out of state

Options/Mailing and Property address complete

Best of luck @Brandon W. *fist pound :-)

I bought 466 leads from Listsource.  When I closed a deal I took that lead off my list.  So I was mailing out like 450+ each month.  Click2Mail is another option.  

Many of those homes are vacant, the owner lives out of the state.  They never considered selling until they got your postcard.  They're not doing anything with the property, now you offer an all cash transaction.  

It's a numbers game but you have to mail out regularly.  That's why I kept mailing to the same list, they keep seeing the same message over and over again, they warm up to the idea.  

Before I found BP I was watching videos by Tyrone the Flipman, he shares alot of info for free on youtube.

Every transaction will be different, there's no way to learn everything before getting started. Just go for it, you can come back here for all your answers.

I haven't done any flips in CA, margin just too thin. I may go that route too and get a license. For what I'm doing now I need MLS access. Thanx for the heads up @Han Oh

I'd like to know this as well!

I don't have a lot of experience but my success came from mailing postcards every month.  I mailed out to the same list for 7 months straight.  That not may be the most effective way to do it but that's all I knew.

I was targetting Absentee Owners, I got my postcards from yellowletters dot com.  1st month I got no response, 2nd month 11 call backs and closed 1 deal.  From there I kept mailing out to the same list.   

Go to a Meetup or REI club meeting in the East Bay, there's a bunch that way. Network with your local movers to get more insight about that niche.

Easy fix, just cast a bigger net.  Broaden your criteria

That's how I got started as well.  I mailed out my postcards, month 1 no response.  Month 2, I mailed out again to the same list, got 11 call backs and I flipped 1 property to a rehabber.  

May take more than one mailing to get a bite, that's my experience anyway.  I kept mailing to the same list and flipped 4 deals in 7 months.  

@Gabe Mercer

You don't need any credit for Wholesaling.  That is the most newbie friendly real estate investing strategy.  You get a property under contract ($35K) and you "flip" it to a cash buyer/rehabber for $40K.  You just made an easy $5000 with no credit or huge out of pocket expense.  

If you're talking about buying fixers and doing the rehab to resell at a profit, that's a lot of work and not recommended when starting out.  You have to have a lot of things in place before you attempt that.  

Go to Listsource and you will find hundreds of leads for whatever niche you want to target.  The first deal I flipped was from a lead I bought on Listsource.