Posted almost 8 years ago

Underwater Leads!

The first round of mail has hit, and the calls are coming in.  A lot of them!  It can be a bit overwhelming, but I suppose this is a good problem to have.  Nothing that smells like a deal yet.  The overwhelming fact that I see reiterated time and time again in the wholesaling forum is that successful wholesalers are successful because they find home-run deals.  Not good deals, not great deals, but smack your mama and sh*t your pants fantastic deals.  I understand this, so I am playing the waiting game now.  It's only a matter of time.

As a side note, I spend way too much time in the wholesaling forum.  I am taking Ryan Webber's (genius) advice and gradually reading the entire thing. (It's becoming a bit of an addiction.) I don't post a whole lot because it seems like whenever a question comes up, it is quickly answered with continued reading.  Ryan is right: the wealth of knowledge in there is absolutely priceless.

Anyway, the reason most of my leads will not work for me is due to an acute and severe lack of equity.   I expected this going in, but something occurred to me today while speaking to another seller who is upside down in their house: someone probably wants these leads for short sales.  I know nothing about short sales, but I'm sure there is someone out there who would appreciate all these qualified leads.  I'm going to do some searching in the short sale forum for someone in my area, but in the meantime if any of you guys and gals know of any short sale experts in Tennessee, shoot me a PM.

Thats it for now, more to come...


Happiness and Success

Until Next Time


Comments (2)

  1. Tiny 1399035729 avatar gerade0601

    So glad to see that you are taking action. As a wholesaler, your job is to find great deals for your end buyer. Well for short sale its the same. If you are comfortable with working with homeowners, why not work these deals with someone else. You can easily outsource much of the short sale negotiating work. I recommend you get in contact with James (crosswind_) and/or Nick (motiv8td)

  2. Tiny 1491858518 avatar biggerpo

    Mike - You're right, Ryan Webber is a genius! Dig through his posts and you've got yourself a real education. Good luck to you.