All Forum Posts by: Tim Leslie

Hey Everyone, 

I'm doing 10% off all yellow letters with a first class stamp through Sunday August 3rd. 

Your choice of white, pink, ivory envelope 

Hand addressed 

First class stamp 

Yellow lined notebook paper or bright pink/yellow paper 

Visit www.customized4youmarketing.com for more info and to order 

Answering the calls is always better. An answering service is very beneficial for times you can't answer the phone however depending on how much marketing you are doing google voice would be just fine. When I first started I let all of my calls go to a pre recorded voicemail...had a lot of hang ups and even the people who left a message I had a tough time getting them to answer again. When they did a few had already moved on to another investor. 

You don't have to wholesale in your immediate market. It's easier obviously if you stay in your own backyard but 1.5 hours is still reasonably close. Network with a realtor and a investor friendly title company in that area and they can help you out with the market. The properties I have wholesaled have all been 1+ hours away. Also make sure the title company knows how to do an assignment iof contract. If you can't find a buyer by the closing date you use one of your clauses in your contract. Whether it's an inspection clause, pending partners approval, etc. The only thing you are out is time and your earnest money deposit. 

What is your monthly budget? Are your mailing campaigns your only lead source? Wholesaling is simple in concept but not easy. It takes work and a lot of consistency. Keep at it and eventually you will find that motivated seller.

@Michael Quarles That sounds like quite the process...and some expensive equipment! How many letters do you pump out in a week? 

Chad, 

Congrats on taking action! You are ahead of the game. First of all I don't suggest using only one marketing strategy. There are a ton of other ways to market. Also 15 is a relatively small number...you should be around 40-50 especially if that is all you are doing. Remember you are looking for the select few. The majority of calls any investor gets are from sellers who are just looking to see how much they can get for their property. You have to talk with a lot of "tire kickers" to get to the right sellers. Best of luck! 

I would also love to know how I can send yellow letters for less than $.41...do you have a discount with a company to get your supplies and use a bulk mail stamp? Even then I don't think $.41 is doable 

I have a guy who I market for who flips/wholesales properties in Milwaukee/Chicago and he is from California. Like others have said...you need a team and systems. His ways of marketing include direct mail and mls/referrals. His team includes an investor friendly realtor who provides comps, neighborhood assessment, etc. A contractor he trusts...gives him accurate rehab estimates. Between his realtor and contractor he gets pictures and sometimes a video walk through. Those are the two main ones...however he also has a local title company he always uses and a local attorney. It's a little tricky getting set up but once you get going it's just investing in your own market.

@Saul Urena Sounds like a very productive day. Keep working hard! 

@Russell Ponce  great advice!