How to focus efforts when door knocking for real estate deals

5 Replies

Hi there, I've been door knocking for about a week now looking for wholesale deals. I'm looking to find ways to target leads rather than knock on every door. I don't have money to market to do direct mail campaigns (I hear they are pretty hit or miss) and I also hear that bandit signs don't work that well either (not to mention possibly illegal). So I don't have much option but to door knock. Does anyone know of any websites or tools or anything useful for driving for properties and knocking on the door. I'm looking for a strategy that makes sense.

I've partnered up with a local real estate investor who flips and wholesales deals. Although he mainly works the auction he has agreed to help me do my first few real estate deals if I can find some. Please help!! Thanks!

Maybe you can fFind the leads that fit your criteria (location, equity...etc), find their phone number, and give them a call. That way you're contacting them without stopping @ each door. 

If you are willing to go door to door, try flyers.  A couple pennies a piece at Kinkos, a box of rubber bands and go hog wild.  Roll them up so your name or phone number show on the outside and rubber band them to the door knob.  Use Trulia Heat maps to find out what areas have good sales and are in the price you are targeting.  www.trulia.com/Heat-Map  

Call all the FSBO's on Craigslist, look for vacant homes while you are out walking and track down the owner.  Plenty of free ways to find deals.

You could buy a list of people with equity from listsource for your target zip codes, then try to call or visit those people.  Get some door hangers from nextdayflers.com and put them on doors as you check know out areas of interest.  This is a business tho, and it's a challenge to market a business with no money.  Best wishes! 

Thank you guys. I know once I've done a deal or two I can use the proceeds to fund bigger marketing campaigns. One a side note, one of the most difficult things to do in real estate investing, at least as far as I've seen, is getting started without any money or experience. The guru's will like to tell you otherwise, but for the most part the kind of people I see that get started investing in real estate and have success tend to be people that either have a career established or they have a house with some equity. So they have some disposable income. Most people don't start wholesaling either, they graduate to wholesaling after doing a few fix and flips. Yet that once again takes some sort of disposable income or at least a well established relationship such as a family member or trusted colleague. At 13 dollars per hour, without experience, a trusted colleague, a family member, or a home with equity, I can tell you it's been hard. But I will keep trying because I know it will eventually work. Thanks once again for the advice, I will use Trulia and get some flyers made!!

Door knocking works in Denver IMO.

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