All Forum Posts by: James Danchus

Hi James,

I'm a newbie too....just sent out my first mailers....my time is limited and this has already been a very effective way to get started....check out @Jerry Puckett, he's a great resource. I think there's much debate on when to get a website....starting out your primary objective is to get your phone to ring...trying to get your website to do that can be very expensive. PRO account is a great idea, gives you access to a ton of resources and tools, and yes a dedicated phone line...Google Voice is common and what I use right now. Also, make it a point to get good business cards and then go to a ton of local networking groups/REIA's so you can get to meet others in your local area and they can get to know you...build your partnerships and alliances and get after it! CraigsList and Bandit signs are a good idea of if you're aware of what's involved and can commit to the legwork.

Good luck to you! :)

All those things sound nice but none will make you money.  My advice would be to start with FSBOs, maybe Craigslist or Backpage to begin with.

Make 20 calls a day minimum just to get yourself talking to sellers directly, ask them questions about their property, build rapport and maybe make some offers. 

You are missing the most important thing you can buy yourself,an education.You need to meet with professional wholesalers who have been doing this successfully for some time and ask them how they do it.Apprentice yourself to them for free doing their ground pounding work learning the business as a young college student intern would.Learn how to put together a large list of cash buyers and flippers who need the properties you find to sell them.Learn how to carve out a good territory to farm that has several homes sold in the last two years for top dollar prices and sold the fastest (less than 30 days).Learn how to use postal workers,utilities people,and others to spot bad houses that might be able to be bought cheap.Use high school students involved in sports teams or band to seed your farm with cards and fliers door to door at every property and give them a tax deductible donation to their groups.Promise them a bigger wad of cash if you sell a house they bird dog for you(tax deduction!).There are lots of ways to find a property,just need to be creative.

Bandit signs if legal in your area. Are you starting a business or doing it under your personal name?