All Forum Posts by: Kennedy Williams

@Joshua Fair

Thanks Man!

1.) Currently Im sending out postcards, Driving for Dollars in some areas with properties under $100k, and I'm also trying to get better results out of my bandit sign marketing. I think bandit signs can be a great marketing strategy I just have to analyze where I want to put em out at and how many. Last week I put out about 50 and got a few buyers to call me and a few people that want to lease properties, but I was trying to get motivated sellers. So I was unsuccessful in that regard. Im also wanting to figure out how to get leads on craigslist.

2.) I spent about $150/week on postcards and I also bought $120 worth of bandit signs

I hope this info benefitted you!

I thought I'd write this post just to track my progress as a newbie wholesaler, and to encourage other newbies to stay persistent. I discovered real estate last summer and have been soaking up material like a sponge ever since. At the time I was in college so I didn't have any money to market and I was in a rural area in east texas so there was really no point in driving for dollars (or so I believed).

Now that I have graduated and have a steady flow of income I have been dedicating most of my income towards marketing to get my business off the ground. I figure even if I spent a whole year marketing without getting a single deal. It will all be worth it. And the thought of making at least 200k a year is greater than my fear of not getting a deal at all, so I am ALL IN!

My first month of marketing I sent out about 1000 post cards and have received about 20 calls. Its not alot but I take every response to every action I take as an achievement. And the way I see it is, small success will eventually snow ball into massive successes. None of the phone calls I received were too motivate, but I did make about 10 offers and got 1 accepted. The one I got accepted called back the next night RIGHT before I was about to overnight-ship the contract to her and said that she no longer wanted to sell. I was confused because the property was in HORRIBLE condition, there were probably squaters staying there, and she moved out of the house about 5 years ago. I could tell she was kind of skeptical everytime I would talk to her because she would ask senseless questions about who's name will be on the contract, and asking will I be buying her house under an llc or under my name.

I still have another deal in my pipeline that I will be calling back within the next week to see if they are ready to move forward. And I also have added to my mailing list so I will be sending out about 3k postcards this upcoming month. And I still have goals of finding 100 vacant properties a week to find and mail. I'm sure something will fall through soon!

I just bought a list from listsource that I am about to use to start my first mailing campaign. But I am curious about the quality of it. My plans are to mail out 45 a day for a month, which equals 1350. I bought the list about a month ago and I am just now able to start marketing on a consistent basis. So please give me any feedback on my list negative or positive so that I can adjust when I am able to. Thanks for any and all suggestions.

Total Assessed Value'

1- 200k

Property Type:

SFR

Duplex

Equity:

Unknown

50%-100%

Bedrooms:

2-4

Length of Residence:

Unknown

10+ years

Bathrooms:

1-3

Absentee Owned:

Out of State

All States

Trustee Excluded

Corporate Owned Excluded

I have a property under contract with a woman who still has a 40k mortgage on the property. And I have a buyer who wants to do a seller financing or subject to financing on the property after putting 5k down I am not sure how I should handle this. Should I just handle it as a lease option or are there any subject to contracts that I can use. All help will be greatly appreciated.

Thank You!

I am thinking about purchasing my first list from listsource it has 3000 houses on it.

Do you think I should start out with a smaller list until I have more experience and have my systems in place or is this one fine? how many do you think I should mail out every week? And what do you think the likelihood of me finding a deal is?

Criteria: Zip Code + 5 miles

SFR

Equity 50 - 100%

Absentee owned

Hello,

I have a motivated seller that wants to sell their house that is on 2 acres and is a 2 bed 1 bath with no mortgage or liens. Only problem is...NO COMPS! I tried to pull up the house on google, redfin and zillow. She wants 70-80k but I dont even know what to tell her since I dont know what its worth. How should I handle this?

All replies will be GREATLY appreciated!

Thank you!

I would love to work for myself and retire my parents seeing as how they around their 50's and not saying they're old but I just want them to be able to make the transition to the retirement life more comfortable.

And I thought about getting my real estate license so that I could understand the market a little more and not have to rely on a real estate agent for info that I can do myself.

Hello BP Community, I am a 22 year old college student I graduate with an Accounting degree this December, I live in a small college town of about 22k people and I am trying to decide if I should try to begin my wholesaling business here in this town or 2 hours away in Dallas, TX(Way bigger population) When I go on zillow and look at the houses bought in the last 6 months with absentee owners in my town it says around 200. Which I am assuming to mean 200 cash transactions in the last 6 months. But when I do the same thing and I check Dallas' it says around 2000-5000. So I am guessing my area isnt too hot for real estate and I am trying to see where I should start spending my 10k budget and what I should spend it on...(yellow letters or bandit signs) I am also looking into getting my Real Estate license before I graduate also. I was planning on getting started immediately and putting out 100 bandit signs every friday and picking them back up on sunday. Also, I am not sure if I should get a job after I graduate or begin working for myself with this business. Any and all suggestions will be greatly appreciated! Thank you for your time and consideration! To your success, Kennedy Williams

Are there any wholesalers in the Dallas / Ft. Worth or East Texas area that need any type of assistance with anything...all I ask for is to learn from your expertise! I would love to do anything I can to help in exchange! Thank You