All Forum Posts by: Kay H.

Ok. So if I don't tell them I am looking for properties that need repairs or people in distress, how do I get the unmotivated sellers off the phone? What do I say. I have no idea what budget I'm looking to spend...but I could make one up.

I dont have realtor to send people to and I am not looking to buy subject to or lease option. So what do I say to get unmotivated sellers off the phone and stil make it so that they may call me later on.

ok. So. I sent out about 700 yellow letters this month. I feel like I need a better script. I say to people do you have a house to sell? I don't really like asking for names and addresses up front because people usually get angry thinking you should know their name and address already.

Anyway once I determine that the caller has a renovated house and it looking for retail value. I say oh I'm sorry we are more so looking for houses that may need repairs. Then I say can you tell me your address so I can take your name off my list? I get a NO.

Sometimes people say things like....aww you're looking for houses for nothing...well I guess some people have to do that for a job....

And I kind of feel bad after those calls. Can someone help me. Is this normal ?

This was the first mailing. Mailed absentee owners. I spent like 269.00 on the 200 letters

any takers? is this not a good ratio?

is this horrible? I only have one appointment I'm going on out of sending 200 lenders. Tell me guys, is this normal?

Ok so help me out here. How many offers does it typically take to get a deal? I hear its a numbers game. I've visited 3 fsbos, given 3 offers and all I get is people not answering my phone calls afterwards, saying no I can't do that or saying...you know what, I think we will fix it up and resell it ourselves. What's happening? Are these people just not that motivated or am I do doing something wrong?

My offers are right where they need to be according to the MLS.

Ok. So if I plan for 500.00 a month, that should get me some deals? I think I can do that. what do you think about saving up for buying and holding though. I assume if I just saved money rather than trying to do deals it would take me a lot longer to get the money in my account. Of course 500.00 over 6 months could have been quite a hefty down payment on a rental. Is it possible to wholesale and save for a rental?

Ok. so I did my first deal 1 month ago from calling FSBO ads. but now it seems FSBOS are just not that motivated. I've gone and made appointments, given offers, just to get turned down. One lady is not even returning my calls.

I figure I need to amp up my marketing. I bought 200 yellow letters from a yellow letter company. I intend to buy 200 more with my next check. however, part of me feels I shouldnt even be doing this since 400 letters a month probably wont get me a deal. I need a way to generate more volume.

I got my income tax check...but I want to save that money for a down payment on a rental...I think that's wise.

Any advise??

ok. Looks like I'm going to need a little money first for emergencies. I will see if I can get some wholesale deals under my belt

steve and Vanessa, you too are so inspiring. I have been trying to get my internet business off the ground for years. I freelance wrote for websites. And started to create amazon sites. I bought a mentor who is helping me get some affiliate marketing and list building finally going. However some days I'm doing mailings trying to find real estate deals. I'm calling fsbos and looking at properties. Some days I'm saying to myself I need more money to buy the deals and then I go back to man I wish I had put more effort into the internet marketing then I would have more money. Now they are doing layoffs at my job and I too have considered selling shoes at macys because of the job market and I have a degree.

Lol. But I do think rei is more stable than internet marketing. I would like to get both going actually.