What DOESNT work in finding wholesale deals in SLC?

Question

New to the game and im trying to get my first deal under contract but im getting a bit discouraged! Ive been strictly cold calling as i dont have the capital for mail, but I've had so many people tell me they get multiple calls every single day, and that they will never be interested. How can a newbie compete in this market?

Alex Shin · Answer

Pick a list, dig deep into how the problem may be affecting the homeowner, and learn the process so you can propose solutions to their problem, as a RE investor. You can't learn everything but educate yourself enough to be able to speak intelligently/with confidence on it. The conversations will be very similar to what you go through on the phone, and in my experience, even friendlier. There's no shame in saying that you'll have to get back to them on an answer! Success is on the other side of fear my man.

Alex Shin · Answer

You couldn't have said it better my man. Keep hustling!

Alex Shin · Answer

Hi Isiah, Welcome! It's tough out there that's for sure.

I have to say, I'm quite new myself to wholesaling and mainly do outbound cold calling as well. My market is Los Angeles yet I haven't had too many people telling me they get hammered with calls. Or even when I door knock most of the homeowners are shocked that I'm coming by. I think we just like to focus on the negatives even if it's not all that bad. This is a numbers game and you have to funnel everything in. I heard a podcast recently of a guy in Phoenix having to cold call 4500 numbers and knocked on 1200 doors to get his first deal. It took him 5 months. Stay rooted in your WHY and be consistent with it. I hope to see you around in a few months!!

Let's goooooo

Jerryll Noorden · Answer

There is one method you can crush it no matter the market no matter the competition.

No one knows what SEO is. NO ONE!! Believe me when I say NO ONE! People THINK they know.. ut they don't.

As one of the few that does know I have a crazy unfair advantage.

Read this!

No matter what, the reason you have no luck is because like many others YOU are the one chasing your leads.

Heey HEEY here I am Here I am, look at me look  at me.. please PLEASE OMGAAHH PLEAAASE sell your house to mee [as you are jumping waiving yelling trying to get a deal]...

VS..

Watch TV, eat crab legs, sleep, poop, bumping uglies, while your leads stream in effortlessly daily, constantly no matter what when or how.

Cold calling?? Pffft.. are you kidding? WHY bother.

The result?

have a ton more! Want more?

OK fine..

This goes on day in day out, week in week out, month in month out..

Many can talk the talk. And that is what happens. ONE person says "Yo this works...." then many just repeat what they have heard and suddenly it is common knowledge that something "works".

How many people are ACTUALLY having luck cold calling?, driving for dollars? bandit signs?

Not many PERIOD. And when they do get some leads.. is it to the quantity or quality as I have shown above?

NO!

Many talk the talk, but not many show proof.

Get a website, Do SEO!

Account Closed · Answer

@Alex Shin How has your experience with doorknocking been? Id love to try but its intimidating. Im only 20 years old I feel like i wont be taken seriously as a "cash buyer", and thinking of being bombarded with questions i may have no answer to is holding me back.

Account Closed · Answer

@Alex Shin Appreciate the motivation! Right after this post I actually just got my first lead! They are moving out this month and said he give his sister my number who will be in charge of the property. Hearing numbers like 4500 calls and 1200 doors is stifling, but when it comes down it even if it took 10k calls, that first deal would be worth it.

Enrique Elizondo · Answer

@Jerryll Noorden Id Love to know more and your SEO services. PM me.

Walter Roby jr · Answer

What list are you guys calling?

The conversion rate on a tax delinquent, eviction, or code violations should yield a better a conversion rate than say an owner occupied list. I've heard some podcasts that an absentee owner list is 100 calls to get  1 yes vs a higher motivated list may be 10 phone calls to 1 yes.

Also depends on the source of the numbers and property info

What DOESNT work in finding wholesale deals in SLC?

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