All Forum Posts by: Han Oh

Hi @Ana G.

It's great to see you making good progress! I'm gearing up to start my first mailing campaign as well and seeing your progress really gets me excited and motivated. One question. When you mentioned "That same month I mailed 1000 bandit sign postcards (got 8 calls for a 1.3% response rate) to the vacant seller list from Kent Clothier and almost got one deal..." what do you mean by "bandit sign postcards"? 

Wow I totally agree with you @Nadia White about making the DM personal and different given the high market saturation. Regarding consistent marketing, I had a question. How do you (or would you) handle fresh mailing lists? What I mean by that is, let's say I start a campaign of 1000 mails with a drip cycle of 60 days. Then every 30-60 days I get a fresh list of say 500 leads. Since I want to be consistent and keep marketing to the first 1000 leads, plus the additional 500 new leads every 30-60 days, my DM volume would keep increasing over time eventually pushing into my marketing budget. How do people handle this?

@Michael Modesto

Yup, I noticed it shortly after I posted my message. I saw MAY 28TH at the top but missed the year :) Anyways, I'm already signed up for this upcoming meetup so all good. Thanks for letting me know!

Hi @Karen Margrave

Please count me in. Thanks!

Hi @Clint Kreider

I'm a new investor eager to learn and meet fellow investors. Could you please add me to your list? I'd like to attend future meet ups.

Thanks!

I'm a newby to REI too and like you guys I'm based in SoCal on the southern part of OC. I'm also looking for a dependable mentor and a partner but my only caveat is that I'm currently employed full time in the software industry and do not plan on quitting my job anytime soon. So I'll be taking up REI while on a full time job.

Was reading this post and had a few questions:

1. First to Hashmat. Are you eventually interested in buy & flip or buy & hold once you accumulate capital by wholesaling?

2. Did you already start the process of identifying and getting in touch with potential sellers or if not what is your strategy to do this?

3. Now to other folks in this thread. When does the real estate agent come into the picture during the process of the wholesale transaction? 

4. Given the high property values in California, would you say it's much harder to do wholesaling or flipping here compared to other less priced states?

Thanks!

Thanks for the clarification. I'm just wondering, what is the success rate of finding a motivated seller who's willing to sell his property at a discount deep enough so that the deal turns out to be a good one? 

I'm a newby to REI and this may be a stupid question, but regarding your first point "focus on finding good deals; if the deal is good, the money follows" let's say I find a good RE deal that I'd like to purchase. The problem is that without a lender pre-approval or a means to show that I have the money in the bank for a downpayment, I would not be able to enter into a purchase agreement, so the property is not secured. But in order to raise the money I need time to do so, whether presenting the "good deal" to friends and family or putting a case together for investors. It seems like a "chicken and egg" problem; which one comes first? Do I go around raising the initial capital first based on RE deals out there that I know would not come through because I don't yet have the capital, or do I go and find RE deals first to even get a chance at raising capital?