Wholesaling events talk about ways to generate leads; Probate, Foreclosure, Absentee Owners, etc. What is currently in working in Detroit?

Wade, 

Pick a vertical & go nuts!!!  We work foreclosure & probate, we are fanatics about it... Emails, calls, text messages, mail etc.  Aggressively work every lead and you will get results.  There is no 'one' avenue that works, it is all about what you do & how you dig for gold!!! 

Moises R Cosme I have potential foreclosure deal. I have a lot of questions on wholesaling a foreclosure. Also Wade Briggs, I am to an investor in Michigan Metro-Detroit area. lets connect!

Alfonzo, 

Message me your questions & I will try to assist.  Wholesaling foreclosures is a good strategy BUT you need to know your numbers cold; we have gotten several solicitations from wholesalers that won a property at auction, we didn't buy any of them because we felt the wholesaler underestimated the renovation costs and over estimated the after rehab value.  

@Moises R Cosme ok will do. I have the numbers and it’s looking to be a good deal I will email you my questions.

Originally posted by @Moises R Cosme :

Alfonzo, 

Message me your questions & I will try to assist.  Wholesaling foreclosures is a good strategy BUT you need to know your numbers cold; we have gotten several solicitations from wholesalers that won a property at auction, we didn't buy any of them because we felt the wholesaler underestimated the renovation costs and over estimated the after rehab value.  

 Nicely said.

Hey @Wade Briggs nice to see you here.  I agree with Moises.  I find deals from bird dogs, probate, D4D, delinquent taxes...etc.  
They all work, make it happen my man!

@Wade Briggs if you are just starting out, focus one, maybe two channels to find deals. Learn them inside & out and build your success. Then you can start exploring other channels as you gain experience and close some transactions.

Also, you will find some channels unappealing to you, focus on the ones you enjoy.

Too many people try the shotgun approach, spread themselves too thin, lose potential deals due to their inexperience, then flame out.

@Moises R Cosme thank you for the advice. Basically, pick a method and stick with it. Do you have any resources on how to obtain foreclosure properties for wholesale? What has been your experience? Do's, Don'ts, and things to look out for?

@Dylan Tanaka thank you for the information! I will definitely look into the Michigan REI network. Quick question, what are bird dogs and D4D?

@Drew Sygit thanks for that perspective!! I've noticed that I do take on too much and get burned out quickly. I'll definitely take my time to get one process down before moving to the next.

Do you have any resources on how to obtain foreclosure properties for wholesale?  FORECLOSURES ARE POSTED WITH THE LOCAL REGISTRY OF DEEDS, CALL THE CLERK AND ASK THEM HOW YOU CAN GET A COPY OF THE LIST AND HOW OFTEN IT IS DISTRIBUTED.  CALL & MAIL THESE FOLKS.

What has been your experience?  DISTRESSED REAL ESTATE IS OUR BREAD AND BUTTER

Do's, Don'ts, and things to look out for?  $5K DEPOSIT NON REFUNDABLE DEPOSIT.  RUN YOUR NUMBERS.  STAY AWAY FROM OCCUPIED PROPERTIES.  I DRIVE BY AND CHECK TO SEE IF IT LOOKS OCCUPIED BEFORE I BID, IF ITS OCCUPIED I STAY AWAY NO MATTER HOW GOOD THE DEAL SEEMS. 

@Wade Briggs .  Bird dog.. finds deals in market and present to sellers..  D4D.  Driving for dollars..  driving around looking for houses that look unkept,vacant, To market to