All Forum Posts by: Dennis Williams Jr.

Antoine Nelson good look with your deal. Chaz Reid Jacob Michaels thank you for more clarity on figuring out the "math".

@Chaz Reid, 

Thank you, and congrats on your deal. How is virtual wholesaling?

Hello BP Family,

To all the seasoned wholesaler that are making a living from wholesaling, what daily task do you do to make your business operational? 

As I am in my rookie year as a wholesaler(started in Dec. 2014) in Detroit, MI, I have done a mailing of 250 postcards to absentee owners(in/out of state) and have get "one property under contract" but the deal didn't happen because the "owner" didn't really own the house(long story-short he never quick claim the house to own it out right with the city). I then sent out another mailer of 500 yellow letters and have gotten a good response but the houses/properties are not even good shells to sell. As I have now changed my approach for my DMC, I now target specific zip codes in the areas that I know well. I have been listening to podcasts and going to REIA meeting if I don't have to work(night-time job), met some investors but not a lot of wholesalers to network with and discuss methods of real estate(mentor basically)

I will say that I do not have a strong buyers list as I haven't had any potential deals to offer. I obtain my few buyers from craigslist by calling the "we buy houses" or going to the housing wanted sections in my area and seeing what there looking for. I am working on meeting a realtor to see if I can have them pull a list from the MLS to see if any potential buyers are in my area that I want to target for my DMC.

The reason I ask the question "To all the seasoned wholesaler that are making a living from wholesaling, what daily task do you do to make your business operational?", is because I don't feel like my hustle or effort is working and I do believe in wholesaling and the service it provides to sellers and to the buyer. I definitely understand that it take time for the business to "show love back" but I wanted to know if from other wholesalers with experience and see if i am on the right track at all. 

Thank you and I hope that my question make senses!

What's upCory, First congrats on the first deal, as I am still trying to get a deal in Detroit but I have done two DMC. 1st was postcards and it was about the same callback percentage that you received, as I sent out 250 postcards. For my second campaign, I did handwritten yellow letters(500 but I had help with half) and I cannot say the percentage just yet because I haven't done the math but the call back has been significantly higher. The downside for me was the cost of the yellow letters. So I will return to postcards until I can get a deal in my area. The cost for me doing yellow letters was 300 for the postage and the envelopes, not including the list I bought(just found out about listsource.com and will try them for my next list.