I have been bingeing on BP for the last 5 days now, I've listened to about 5-8 podcast on BP and on other members podcasts. I must say thank you all for all the information that has been given to me personally and just buy scavenging through all the threads on here.
I have made numerous threads in the last 3 days so sorry if I'm flooding the forums but you guys are awesome. To the point, I am currently searching for a home using my VA loan and also looking into wholesaling while I'm occupying the future home to build capital to buy and hold. Ok question time for all the wholesalers:
1)What is your most effective method of finding motivated sellers (direct mail, driving for dollars, bandit signs etc)?
2)Is a yellow letter just a letter to potential sellers stating that you buy homes with cash? Or am I missing a step?
3)How many pieces of mail do you send out at one time to your list?
3a)How much do you spend on your direct mail marketing and good starting price for investors just starting out?
4)Do you normally use earnest money to seal in a contract? If so how much?
I think thats everything I have right now, I'm sure I'm missing some points of wholesaling or I omitted things such as ARV and the 70% rule but I think I have a decent understanding of the two.
Thanks in advance!
@Brandon Proctor I do not have answers to your wholesaling questions, but wanted to say thank you for your service and best of luck in your RE endeavors.
Thank you @Derek B.
Free eBook from BiggerPockets!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing