BiggerPockets

Ok, here's the deal. I have been wholesaling for about 3 months. I am finding deals via preforeclosure, blighted property listings, bird-dogs and so forth. I have not been able to get any of these properties under contract. I do not have the money to market with bandit signs as of yet. I am working about 30 hours plus per week on this and I cant get a deal closed. Am I missing something/ taking the right avenues? I know my market very well, have a good buyer's list in place, and know I can close the deal if one comes along. Many properties I have dealt with have sellers that are not motivated enough? Getting very frustrated and need some wisdom. Thanks

Dave, I'm right there with you. After more than a year of reading this site, listening to podcasts, and reading every book I could get my hands on, I can't seem to find a motivated seller to save my life. Frustrating beyond belief.

Try craigslist they have a ton of buyers there. Search for "We Buy Homes" same with newspapers and search those we buy home ads.

To a search on the web for those as well. There are so many of these popping up these days you got a ton of buyer leads waiting for you.

Have you actually found a buyer for a wholesale property from one of these ads? These folks seem mostly like wholesalers themselves. Just curious.

Dave I can totally relate..I've been doing wholesaling on and off for about 3 yrs now..mainly off b/c of the J.OB. but i've been there. Bandit signs? Business Cards offering cash incentives? flyers? RE Club? Did them all and they produced MAYBE 1or 2 buyers and 0 motivated sellers..I was also getting to a point where I was in denial that people made money wholesaling and that it was a big marketing gimmick..i'm slowly but surely changing that mindset..I'm doing a trial site in a last attempt b4 i have to rethink my strategy..Frustrating? How about coming THIS CLOSE to a $12k payday for 3 days of work and having it fall through? Why do I keep at it? Mainly b/c I'm a glutton for punishment and slightly masochistic..living in New Orleans though, where everyone i know is struggling or broke, you have to be that way unfortunately.. but i keep my chin up and do my best and try to get that 1st deal closed..if I can persevere, so can you..godspeed...

As far as bird-dogging goes Dave, it might not be worth your time..first off, at least from my experience, the people you'll birddog for will more often than not either not get a chance to look at the prop since they're so busy on their own or they just take too long w/ things..I'm not saying it couldn't work, but it's almost a thankless task for little money

One little trick that I have is entering the owner's name into the county court docket. Chances are that they have a speeding ticket or something to show their actual address where they live. I also do use the whitepages.com to do a search of the state using the owner's name if nothing pops up in the court records. I know the tricks, just have trouble closing a deal right now :roll: Better luck to you though. :D

Really...thank you for all of this valuable information. I will definitely put it to use to try to get closer to my goals. The hard part for me is time, since I work full time. But, I'm going to do my best b/c this is something I want so bad.

Thanks everyone!!!

Very good points Robin. You must change your strategies as the market changes and adjust your methods to remain profitable.