wholesaling in Reno NV

Wholesaling
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wholesaling in Reno NV

Jerame Bailey
Member since 2019 · 7 posts · 1 vote

Hey there bigger pockets people! 

Im new to all things investing and have spent the last 10 years working as a bartender. I've recently signed up for a mentoring program in regards to REI and with that I'm looking for all advice I can get. Being green in the REI world I still have a tentative plan which is to begin wholesaling and after a year of success begin to rehab and eventually become a renter! My goal with this form is to see if I can't connect with like minded people hopefully people that are from the area and see whats good!

My mentor has me calling free sources such as craigslist's and Zillow's FSBO listings and I can't help but notice that a lot of the places FSBO have already been flipped! I can't help but shake the feeling that I may have come to the market a bit late! hopefully this isn't the case! Anyone from the area have any advice to give a newbie?!

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John Cannon
Wholesaler · Fernley, NV · Member since 2015 · 41 posts · 9 votes
7y

I would reccomend calling the zillow and craigslist FSBOs just to get comfortable on the phone. 99% of the time they are not motivated to sell.

If you're looking to get deals, just drive around your neighborhood and get the addresses of all the distressed looking properties and then send them mail or cold call them.

To find buyers, find a good deal and post it on craigslist. Or what you can do is create a google form and then have people go to it via craigslist. 

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  • John Cannon
    Wholesaler · Fernley, NV · Member since 2015 · 41 posts · 9 votes
    7y

    I would reccomend calling the zillow and craigslist FSBOs just to get comfortable on the phone. 99% of the time they are not motivated to sell.

    If you're looking to get deals, just drive around your neighborhood and get the addresses of all the distressed looking properties and then send them mail or cold call them.

    To find buyers, find a good deal and post it on craigslist. Or what you can do is create a google form and then have people go to it via craigslist. 

    2Reply
  • Jerame Bailey
    OP
    Member since 2019 · 7 posts · 1 vote
    7y

    I appreciate the insight @John CannonI believe the same that my mentor is having me call FSBO first just to get comfortable and learn the scripts. Good advices as for the driving for dollars Ive dabbled in in but I'll schedule more time to actually cruise some neighborhoods. are they're any areas you'd recommend?! I live near the top of keystone near McCarran Blvd and it seems most places have recently been flipped in these parts! any advices is helpful! thanks in advance! @John Cannon@John Cannon

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  • John Cannon
    Wholesaler · Fernley, NV · Member since 2015 · 41 posts · 9 votes
    7y

    I would drive all over the keystone (89503) area. That's where I would start and then venture out to the other areas of Reno and Sparks. 

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  • Bill SchrimpfBusiness Member
    Real Estate Agent · Reno, NV · Member since 2014 · 353 posts · 189 votes
    7y

    @Jerame Bailey - Just came across this post that's a month old.  Sounds like your mentor has you bird dogging.  Hows is it going?  What have you learned?

    [email protected]775-741-2326
    ERA Realty Central - Bill Schrimpf58 Reviews
    WebsiteView Page
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  • Jerame Bailey
    OP
    Member since 2019 · 7 posts · 1 vote
    7y

    Hey there @Bill Schrimpf. I appreciate you asking. I unfortunately had some family matters that demanded my time there for a few weeks, but I was still vigilant in hunting down leads. As for the free craigslist and Zillow listings great way together my feet wet by calling people who want to sale and just getting down the conversational aspect. But again I do find that most of the people listing on there have already bought and fixed and are now ready to flip, or are other wholesalers trying to post a place for a seller. Either way it seems the majority of the people posting on those sites don't quite fit the wholesalers criteria. I've turned to sending direct mailers and driving for dollars. I sent out my first listing of postcards last week, and today I will be out driving for dollars. Im certain that I can find a little meat on this bone and begin to snowball in some leads! 

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  • Lydia R.
    Investor · Austin TX · Member since 2016 · 1k+ posts · 2k+ votes
    6y

    @Jerame Bailey The best way to get leads for wholesaling is to market to motivated sellers. I hope you didnt pay a “mentor” 5 figures for them to tell you to call craigslist ads and FSBOs. Both of those are terrible places to find leads. Driving for dollars, direct mail, foreclosures, divorces, probates etc are all much better lead sources.

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  • John Cannon
    Wholesaler · Fernley, NV · Member since 2015 · 41 posts · 9 votes
    6y

    I get those all the time. And most of them time I never hear from them after a month.

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  • Bill SchrimpfBusiness Member
    Real Estate Agent · Reno, NV · Member since 2014 · 353 posts · 189 votes
    6y

    @Jerame Bailey - Any luck with your direct mail campaign?  The rule of thumb is to be happy with 1% of the recipients getting in touch with you/

    [email protected]775-741-2326
    ERA Realty Central - Bill Schrimpf58 Reviews
    WebsiteView Page
    0Reply
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