All Forum Posts by: Cc Dietz

Have you ever heard of Yellow Letters? I would look into those. I use to handwrite those. Ive done post cards too but they were not handwritten. I feel like handwritten pieces get a better response. 

When I first started marketing directly to sellers, I did direct mail for 7 months, and I don't regret it because I learned a lot. However, it was definitely not the right marketing channel for my market. At that time, I was only marketing to the four major counties here in Tampa, FL, and the surrounding areas. I realized that my competition was reaching the target audience faster and more efficiently.

Wholesaling is not about convincing someone to sell you their house; it's about finding sellers who are in need of your service as a wholesaler. Your role is to help them sell in a nontraditional way by offering cash with no fees and closing within their preferred timeframe. To reach these sellers, you have to contact a large number of people. Therefore, I would recommend sticking with a marketing channel that allows you to reach more people and convert more efficiently.

I believed that direct mail could be a good marketing channel for rural areas, where people would appreciate a letter approach more, as they are not bombarded with SMS and calls.

Feel free to reach out with any questions!

Good luck!

If you hand write it will take more time. Owners might like it better. Post cards are not necessarily cheap. You have to send them out a lot and it takes time to get any hits. If you mixed in cold calling or follow up you'd have better success. Starting out wholesaling I don't know if I'd do post cards unless you have the time and money to do so. 

Great that you are asking at your age. You're already thinking outside the box! Definitely go to college... My #1 regret in life was not going. There are many life skills, experiences and the education itself will be so beneficial to you. Live in the dorm the first year with the intent to stay focused and house hack the next. There are many programs including FHA for 1st time homebuyers to help you get there. Use the advice given to bid up the scholarship amount and work on free education. You'll need to work as well for income and stability to qualify for the loan. Your best bet would be to buy a duplex for the 1st property to use the rental income to help you qualify. You are on the right path, best of luck to you!

@Macintyre Braun

When I feel like the discussion gets too one sided...

Yes, get a degree! Only if the degree pays (anything with engineer, stem, teaching, ect.).

I am a little shocked by the no education people. I chose not to get an education and go full time into investing. It is very very challenging. I will sum it up like this.

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The Tale of Two Brothers; a cautionary tale

One brother dropped out of college 4-5 times. He was constantly chasing the buck, taking crappy jobs, and buying real estate. After working every second of his life (100 hours per week) and using all of his vacation and sick time to buy property. He finally was able to quit his job. Lives a great life but would not do it this way again...

The smart brother busted his *** in college. Graduated with honors from a private college, no debt. Went on to get a Juris Doctorate, Magna Cum Lade (or something like that). Started pulling in tons of money. He did this while not working that hard after college and having a nice home life balance. He casually buys property and has a nice little portfolio. He enjoys his 5 kids (not a typo).

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This is my point. I see my brothers life as so much more pleasant. I was completely absent because my value per hour used to not be that high. I simply had to put in more hours to make up the difference. I told myself that when I dropped out each time.

 My best advice if you are going to drive for dollars (Im guessing you are starting here because you are on a tight budget) is to get a code violation list from the city and drive with a purpose. Use BatchGeo (or similar mapping tool) and use that to make your driving more efficient. Dont just aimlessly drive around hoping to find a house that looks run down. I would also suggest doing a little Google research and determine what the median sales price is for your area. And then get on Zillow and filter for homes priced below that median amount. This will identify the neighborhoods where homes are still affordably priced. Target those areas. Affordable housing has the largest potential buyer pool compared to mid and higher end homes. The more exit strategies available the more potential buyers and the easier it will be to sell those wholesale deals.