All Forum Posts by: Kate Pierse

Hi @Account Closed I'm a relative newbie as well, but I wanted to chime in since I struggled with the same questions for a long time. I've done a lot of research and reading over the last few months and its finally coming together for me, so I wanted to share with you what I learned.

From what I can understand, the real key to wholesaling a property is finding a true deal - one that no one else knows about yet and one you can get under contract quickly before anyone else does. This may be an REO or forclosure but many experienced wholesalers on this forum are saying these are becoming less and less available. Bandit signs seems to work for many, craigslist ads, working probate, approaching landlords who have just evicted their tenants (they are sick of owning the property) - there are many ways - do more research and you will come across certain methods mentioned over and over that work for many successful wholesales. Learn from the best, don't try to reinvent the wheel. All the answers are on here, or just google wholesaling and you can read a million articles on what others have done successfully.

As for contacting the sellers, it seems a yellow letter campaign might be a good start for you. Just google this or read all the posts on here about them. Its easy and cheap. And effective from what I've read.

Keep in mind that not all investors you want to sell to necessarily want to flip, they may want to rehab/buy and hold, in which case you need to know the numbers inside out and backwards for all possible scenarios. Get to know all the formulas mentioned on the forum for calculating the returns for an investor. Only then will you know if you have a good deal that you will be able to sell easily.

Hope this helps. I know it seems like a lot of work but the return is worth it. Not that I know, I still have to apply everything I'm learning into action! Good luck!

Welcome Matt! My boyfriend got me into investing and he's an IT engineer in RTP. This is a fantastic resource and everyone on the Forum is great, you're going to love it here.

Send me a PM if you ever want to meet up and talk real estate.

Hi Ed, I am an investor-friendly realtor in Durham, but my office is in Morrisville. I have an investment property myself and so understand the mindset. I wouldn't be scared off at all!

Please feel free to PM me. I believe on this site you have to send me a New Colleague request and then you can email me.

Oops, I just found a thread with a number of rehabbers that says mailing letters to cash buyers is a waste of time. Glad I found that out before starting!

For anyone else interested, the forum topic is Yellow Letter Mailers to Cash Buyers (it won't let me insert the link for some reason).

Hi everyone,

I've looked through the sticky on cash buyers in Wholesaling but wasn't able to locate an answer to this.

I've complied a list of potential cash buyers but I'm stuck on what to say to them in my initial letter. I'm sure there are a handful of "trigger points" that I need to cover to appeal to them, just like in the letter you would send out to properies (I pay cash/close fast/buy as is). I'd like to keep it short and sweet.

Any suggestions on content? Also, do yellow letters work well in this context? Do you follow up with a phone call? Thank you all so much in advance!

Wow @Jacob A. what a great job. I just read through the entire thread and am so happy for you that the property is under contract. Congratulations! I hope the negotiations are going well.

Great questions Kyle, I'm so glad someone asked them.

@Jon Holdman - how do people usually respond to you when you say you're putting a property under contract in order to try to find a buyer, with no intention of closing. The honesty appeals to me and I'd like to go this route but not sure how people would react.

Wow! Thanks for all the great info everyone, and the very warm welcome! I am excited to be here and have started on a lot of the articles you've recommended - it does feel a bit like drinking from the firehose though!

@Ricky A.

@Ricky A.

@Ricky A.

@Ricky A.

@Ricky A.

Hi everyone,

Just wanted to introduce myself, I'm Kate from Raleigh-Durham, NC and am new to Bigger Pockets.

I've always been interested in real estate, and just got my license as a Realtor. I'm want to work with investors as a wholesaler until I get to the point where I can invest myself. I have one rental property which has been great and has taught me a lot.

Hope everyone here is having a great night!