Too Many Leads, Not Enough Ideas!!

[Shannon K.]

Do I short-sale all of these?! I have had good responses from my mailing campaign last week. I’ve got 11 leads sitting here out of 94 letters so far. Every darn one of these is basically “underwater” owing more than the house is currently worth. I don’t want to waste leads (and although I’m looking to purchase for flips, I wouldn’t mind wholesaling/other if its possible)…. I don’t see a lot of other options other than trying to short-sale these?! I’m trying to work out in my mind if there’s anything else? Rent them out? Get frustrated? haha....

1) Owes = $190k, current value = $150k, ARV = $200k, needs $30k rehab

2) Owes = $140k, current value = $50k, ARV = $140k, needs $45k rehab

3) Owes = $68k, current value = $60k, ARV = $135k, needs $30k rehab**too thin margin to flip with HML?

4) Owes = $12k, current value = $130k, ARV = $135k, needs $10k touchups **house = very nice and updated, rental possibility?

5) Owes = $175k, current value = $135k, ARV = $175k, needs $30k rehab

6) Owes = $130k, current value = $155k, ARV = $165k, needs $30k rehab

7) Owes = $155k, current value = $158k, ARV = $158k, needs $25k rehab

8) Owes = $163k, current value = $135k, ARV = $200k, needs $30k rehab

9) Owes = $167k, current value = $145k, ARV = $180k, needs $25k rehab

10) Owes = $187k, current value = $175k, ARV = $220k, needs $30k rehab

11) Owes = $134k, current value = $75k, ARV = $150k, needs $35k rehab

I didn’t mail out looking to wholesale. I’m actively looking for flips… So besides wholesaling, I haven’t fully explored the other options for what to do with these leads. People are calling me nearly each day to invite us to their houses. I’d like to make something of these, but I feel a tad overwhelmed and stuck! I'd like to be smart and savvy and do something with these!