PENNY WISE - POUND FOOLISH!

I know I must pound the pavement to find the quality wholesalers that will get me started. 

I do believe that the best way to source the best deals is to mail, contact the owners/sellers, get in front of them, ground and pound like what you're doing. 

†Here are five methods that you can do today to get the prospects you want.Five Ideas for Building Referrals.1.Learn you elevator speech and be prepared to say it to at every opportunity.a.Always state your name b.What it is that you do. ( I am a real estate Investor)c.Who you can help. ( I help people who need to sell a house because of foreclosure, divorce, probate, unwanted houses, bad tenants, houses with a lot of repairs needed.

Ask the gentleman who sold me the unwanted distressed probate property if he was glad the bandit sign was there when another investor backed out of the deal?

Is it harassment when you get unwanted coupons in the mail?

I have been funding deals since about 2003 in Indy.. and many mid western cash flow cities.. and unfortunately west coast buyers just chase yield or cash flow and seem to have cash flow pounded into their head.. and so because its cheap they take excessive risk on low end hard to manage transient tenant base.. 

In their minds, they would be better off taking a 40% pounding in the stock market.AG  

The dirt guy keeps hauling dirt off thru Sunday.The railroad guy gets in Monday and is floored by all of the corporate offices at some pretty high levels that have reached out to them with my 800 pound gorilla story of them. 

I can’t imagine that working too well however, admittedly I have no experience as I have never done that for that reason and a number of others.Bottom line, start pounding the pavement and researching for info, when you put forth effort, it will typically pay off in the end knowing failures will come and go along the way - also part of the business.