All Forum Posts by: Account Closed

Hello Fellow BP Members

Ok so I am feeling a little overwhelmed and “Paralysis by Analysis” right now so I figured I’d reach out for some help and assistance through the forum.

As my profile shows, I am a wholesaler. For the last six months I have been a one man show doing everything including printing, stuffing, and stamping envelopes, talking to sellers, looking at the properties ( two hour drive to Wichita Falls, TX and back from Mansfield, TX where I live) running my own comps, marketing and talking to buyers, etc. I am also doing all of this around a full-time job, plus I’m a husband to a wonderful and supportive wife, two college age daughters, and a seven year old son (also a Cub-Scout Den Leader).

My target market has been Wichita Falls, TX and I have had moderate success and have closed a few deals since I started in February of this year.

Recently I hired my college daughter to work for me. Currently she is doing the entire envelope stuffing and stamping and starting this week she will start to take the initial seller calls. I am having her fill out a basic questionnaire and convert it into a lead in my Zoho CRM. She will then email me the lead name and I will review all the information and, based on the lead provided information, call back the leads that I deem as motivated to negotiate and get the house under contract. I am currently paying her a set salary but do plan on eventually paying her an additional commission as well.

With all of that being said, the Wichita Falls, TX market is not very big ( about 120,000 population) and I am working on trying to get the Wholesaling business to a solid six figure a year net income so I can go full-time myself and quit the day job. I am working on partnering with another individual (who is a brand new wholesaler and trying to break into the business as well) who is in the Wichita Falls, TX area who will go and take pictures and video of a property I am interested in for a set fee to save me the trip. I may consider bringing this person on full-time for that market to where they meet with the seller, negotiate, and contract the property and then I just handle the marketing for sellers and marketing / finding the buyers and we just split the profit. I am not quite at this point yet where I am ready to do that but I am not too far off.

With all of that being said, I am ready to target a new market in the DFW area but I have no idea where to start as it's so big. I live in Mansfield, TX which is in Tarrant County. I would prefer to keep my drive time to around a 30-45 minute radius but that encompasses several counties and way more leads than I can afford to purchase from list source right now. BTW I focus on Absentee Owners (7 yrs. or older, 60%-100% Equity, SFR), 100% Equity Owner Occupied Homes, and Inherited Properties.

Part of the reason why I started in Wichita Falls, TX ( versus closer to Mansfield, TX) is that I wanted to get my feet wet and get some experience before I brought it down here where there are more opportunities but also a heck of a lot more competition.

So in summary if you were me and lived where I lived how would you determine what county or counties to start marketing to next?

Thank you for reading all of this and responding in advance.

Robert

Quick update: Deal closings is up to 8 deals now. I have been using Zoho Enterprise and have set it up to the way I like it. I'm constantly stuck in the weeds and making little tweaks on it though lol.

Anyway Zoho CRM has been a huge help and totally worth the monthly $40 fee.

I just brought my daughter on, who is in college, and I am having her stuff and stamp my mailers and will eventually take the seller calls to screen them, put all the info into Zoho, and then I will review and follow up with the motivated sellers.

Hope everyones doing well.

@Eric H.I just basically called and talked to a lady at the office. She said I would have to put my request in writting and she gave me her email address so I emailed her. I then received a response from someone that acted like her superior who said they do not release that information.

I am looking for a list that shows delinquent taxes from say 2015 and beyond and not neccessary a tax default sales list. I want to catch them before their property goes to sale. Do you have an example of a letter that you use that you could provide?

Thanks

@Account Closed I just basically called and talked to a lady at the office. She said I would have to put my request in writting and she gave me her email address so I emailed her. I then received a response from someone that acted like her superior who said they do not release that information.

I am looking for a list that shows delinquent taxes from say 2015 and beyond and not neccessary a tax default sales list. I want to catch them before their property goes to sale. Do you have an example of a letter that you use that you could provide?

Thanks

Ok so for my target market (Wichita Falls, TX) I have already bought and mailing out to the following lists.

1. Absentee Owners-60%-100% Equity, Last Market Sales Date: 10 yrs or older

2. 100% Equity Owner Occupied- Last Market Sales Date: 10 or 20 yrs ( I forgot which one I selected)

3. Receive and market to Quarterly Inherited Lists from USLEADLIST.

I have contacted my local county tax office try and obtain the delinquent tax list but have had ZERO success. They have told me they will not release that information. I bought Rebogateway thinking that would have it but it does not. ( Side-Note its ok because I will use it for other things).

Are there any online software or lists that will for sure pull these tax delinquent properties for my county ( which is pretty small) or any ideas of what to do to get them from the county directly???

Any and all help is appreciated.

Thanks

Robert

Ok so for my target market (Wichita Falls, TX)  I have already bought and mailing out to the following lists.

1. Absentee Owners-60%-100% Equity, Last Market Sales Date: 10 yrs or older

2. 100% Equity Owner Occupied- Last Market Sales Date: 10 or 20 yrs ( I forgot which one I selected)

3. Receive and market to Quarterly Inherited Lists from USLEADLIST.

I have contacted my local county tax office try and obtain the delinquent tax list but have had ZERO success. They have told me they will not release that information. I bought Rebogateway thinking that would have it but it does not. ( Side-Note its ok because I will use it for other things). 

Are there any online software or lists that will for sure pull these tax delinquent properties for my county ( which is pretty small) or any ideas of what to do to get them from the county directly???

Any and all help is appreciated.

Thanks

Robert

Rick Pozos Leslie Brown I can see and understand both points. For me yea I just like the simple version to not overwhelm the seller. No right or wrong answer just different strokes for different folks.

TREC is to much for wholesaling. I like to keep it simple with both sellers and buyers.

Not yet. Also at the end of the day you can kind of wipe your butt with both forms IMHO as at the end of the day the HUD Closing docs the seller and buyer signs at closing is what really matters. To do wholesaling right you have to have minimum earnest money down on the seller ( I usually put down $100) but title has never actually asked me for it) so if seller walks not a lot u can do. I ask buyers for $500 non refundable so there are some consequences there if buyer walks. Again IMHO the contracts just make u look legitimate and official and let's everyone know what's going on and the terms of the sell until the actual closing day. Make Sense?

I have my own that I downloaded from the BP files and made tweaks and modifications that worked for me. I did the same thing for my Assignment Form.