Wholeselling in Houston Texas

[Ben Lapane]

Hey guys, 

I live in Houston TX and have recently closed on my first SFH rental! I have a network that sends me deals (typically from wholesellers) but i'm looking to source some deals myself. My reasoning for sourcing the deals myself is I expect I can save between 10-12k in spread from getting the SF property myself instead of paying a handsome assignment fee to wholeseller. Also, i'm not looking for a ton of properties, just ones for myself right now so i don't have a problem getting maybe 2-3 opportunities per quarter (i'm not heavily capitalized but my lender is allowing me to buy and hold 10-20 SFH at one time.)

My approach would be to get a list of phone numbers every quarter that meet my criteria (distressed mainly) and cold call/text to see if they are interested in selling. I got my team lined up already (HM lender, GC, foundation guy, conventional lender,inspector, etc) so the ball is my court to find these deals. 

Does anyone have any concerns with my approach? also, does anyone recommend a source for obtaining addresses, phone numbers, etc. so i can start cold calling/text potential sellers?

Would be totally open to any suggestions. 

[Andrew McKinnon]

Midtown househacker here. Congrats on your first SFR! At a meet up before the apocalypse, there was a speaker who spoke of a service that would automatically drop voicemails to people's phone numbers. May be worth looking into unless you like the cold calling. Direct mail also seems to be effective but obviously more costly than cold calling.