All Forum Posts by: Account Closed

Thanks guys. @Ned Carey @Steve Vaughan

Let me start by saying my first wholesale deal was unsuccessful for a couple of reasons, but this post is about another valuable education that I got from the experience.  So, I got my first my first deal under contract and the property was residential or commercial.  In my efforts to move the property, I contacted a couple of fast food chains to see if they were looking for properties in the area.  I wrote a nice business letter and included a copy of my property flyer/details and asking price.  Although I didn't get an offer, one of the company's director of real estate contacted me to let me know that they weren't currently looking for properties in that area.  Although this wasn't successful it goes to show that we shouldn't short change ourselves in who we market to.

As a newbie myself, I would like to encourage other newbies to see the blessing that can be in a no.  I'm in the middle of my first deal and I've had a couple of no's, however I have asked those no's to please give me a critique or feedback about the deal. How do the #'s look, what do you not like about the deal if anything, etc....Never stop being a student; we must be open to critique if we want to get better, be successful, and form new relationships.  Happy investing!!!

@Patrick Bishop Will do! Thanks!!

@Jay Johnson thanks!!

You will succeed!  You can't help but catch fish with lines in the water!!

@Shaelyn Christiansen thanks so much sis!  I'm quite excited at the possibilities

@Joseph Quinones another thing, don't be too uncomfortable with a low offer, you'll be surprised what you can get if you ask!

 Thank you sir! 

@Joseph Quinones Hello!  Strategy wise, I got a local real estate magazine and just got several realtors email addresses and sent an email to them all bcc.  I was very respectful and told them what I had, what I was looking for and if they had cash buyers in their clientele.  I also offered to share some of my profit with them if their referral made a deal.  A few replied giving me permission to send my flyer. Secondly, farmed bandit signs, craigslist, twitter etc and reached out to a few people and I just googled "cash buyers real estate" in my state and contacted them as well with some success.  Thirdly, I went to the tax assessors site, found properties near mine that appeared to be owned by investors, so and so llc or so and so and associates and contacted them and this has generated some feedback.

I just contracted the property this past weekend but I had a small list of potential buyers before I had the contract.....hope this helps.   I'm a newbie too at this by the way!

Hey Julie, I have a lead for some Acworth property if interested..

This deal has the most potential #commercially.  While it is a great residential grab, the commercial upside is huge!  Located right next to a new Dollar General Store. See link above!!