???Cold Calling homeowners??? Door Hangers ??!

[Lemont Williams]

So I've been out driving for dollars many of times, I'm still very new to real estate. When I go out looking for a property and find one, I'm tight on money right now so direct mailing will get expensive, because they say you need to send like 6 to 7 mail pieces to a home owner before you expect a response. That would be difficult to manage fir me I purchased bandits that I'm planning to put out tonight hopefully I can get a response from that, but my question is how can I actually get their phone number to cold call the owner about the property? Or what's some inexpensive market I can do ? I recently started buying door hangers, but I don't want to waste them putting them on the wrong door that a person will just throw away ?

[James Wise]

@Lemont Williams based on your question I am going to assume you are trying to start up a wholesaling business. My advise to you is to scrap this idea. It's a horrible business plan. What wholesaling is, is essentially being an unlicensed real estate agent with a fraction of the tools in your toolbelt that a licensed real estate agent has in theirs. 

Legal issues aside if you want to earn money slinging deals and connecting buyers and sellers together you should go to class and become licensed. At that point you will receive many things you are not getting right now such as training, support, networking and the ability to earn money in many more ways.

Many folks believe that you can be an "investor" or a "real estate agent" not both. On top of that they liken being a "wholesaler" to being an "investor" when again it is really more like being a "real estate agent". I can tell you that the most profitable way to get into this business and do deals daily is to first become a "real estate agent" then later you will have enough capital to morph into an "investor" & "real estate agent" or a complete real estate "entrepreneur".