Welcome to the BiggerPockets family! Great that you joined the site!
Here are some recommendations for you:
Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users. Try to find others within your areas that understand and are doing wholesaling already.
I’m in Philadelphia, so I set my keyword alerts for topics and subjects in Philadelphia.
Read The Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing. It's been a while since I've read it, but I think it talks about wholesaling. They may also have some other books and guides regarding wholesaling. You will get different thought waves and understandings of wholesaling. Many of it works, just pick one strategy and stick to it.
If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. They will be notified of being tagged so that the conversation will continue.
@Chris Fuget I’ve been going to the probate offices to get lists for leads & driving around looking around right now. Trying to learn as I go. Any tips?
@Charles Robinson Jr definitely look into bandit signs and yellow letter marketing ,door to door is also great, the key is to get it under contract then sell/reassign the contract to someone like me .
@Charles Robinson Jr I’d call some of the local guys in your area. Call bandit signs and we buy houses posts. Ask if you can buy them a cup of coffee and be taken under their wings. Try to bring value to their operation.
Wholesaling is increasingly competitive. A buyers book (list of cash buyers) to push out once you have a deal is critical.
The best wholesalers push out mail to specific niche lists.
Welcome to the BiggerPockets family! Great that you joined the site!
Here are some recommendations for you:
Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users. Try to find others within your areas that understand and are doing wholesaling already.
I’m in Philadelphia, so I set my keyword alerts for topics and subjects in Philadelphia.
Read The Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing. It's been a while since I've read it, but I think it talks about wholesaling. They may also have some other books and guides regarding wholesaling. You will get different thought waves and understandings of wholesaling. Many of it works, just pick one strategy and stick to it.
If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. They will be notified of being tagged so that the conversation will continue.
@Charles Robinson Jr
I'd say keep taking action in front of potential sellers! Too many people get stuck up on building lists and doing the administrative things. They are important, but Take action!
@Charles Robinson Jr
I find it best to pick one niche and go after it! Probate requires a different approach than many other methods, but because of that, it could set you apart from other "we buy houses" wholesalers.
@Charles Robinson Jr
First off, nice name 😉. Secondly, terminology, wholesaleing is an exit strategy, just like flipping and holding. You are an investor.
As for the getting started, I started at YouTube University and the institute of Podcast.
I don’t do bandit signs because they are illegal in my area and I don’t feel dealing with that situation. I do drive for dollars, and I am planning on knocking on doors versus cold calling, it’s more personal and that’s what the people in trouble need, a friend.
The most important thing is networking, Bigger Pockets is great and there are a bunch of groups on Facebook I could recommend but, you need a local accountability and an REI meeting would be the best place to find good people and find someone to help find the information you need and someone(s) to be accountable to.
I hope this helps and have a blessed day.
@Charles D Southwick I really appreciate that. I needed that. What exactly is a REI? & I said tomorrow I was going to go to the probate office to get some leads. That’s one way to get leads for free! & by the way, nice name lol
@Charles Robinson Jr What’s up man good to know I’m not the only newbie around lol. I’m actually going to look at a property this week, it’s my first ever and I’m excited to pursue such a thing.
My advice is to get educated as much as possible and take action!
The sky is the limit, good luck!
Peace.
@Charles D Southwick I really appreciate that. I needed that. What exactly is a REI? & I said tomorrow I was going to go to the probate office to get some leads. That’s one way to get leads for free! & by the way, nice name lol
Make sure you have the decedents name and case number for each file you wish to research.
@Brieyon McBride Man, It’s good to know I’m not the only one! But congratulations bro, I pray you get a deal! I appreciate the information! I’m going to the probate office tomorrow to try to find me some leads so I can step my foot in the door. My only problem has been not taking action. It’s time I take action now
Step 1 : Get a targeted list like Probate, Tax Delinquency, Divorce, Code Violations, etc. I would avoid High Equity list cause there's a lot of competition
Step 2 : Start doing marketing. It could be Direct Mail, PPC, Facebook, SEO, Cold Calling, SMS Blast, RVM Blast, etc. Whatever you choose, you need to be consistent with your marketing plan.
Step 3 : Keep on networking and building relationships with other investors.