Prospecting for Deals - 80/20
4 Replies
Deshawn Peterson
posted 27 days ago
Hey All,
I'm just getting started on finding deals. I'm aware of driving for dollars, direct mailing, cold calling, skip tracing, hiring a VA and etc.
Do you recommend using all the methods or focusing on a key 1-2 tactics.
Any insight is appreciated.
Joe Gonzalez
Wholesaler from Houston, TX
replied 27 days ago
Whats going on Deshawn,
When first starting out I would recommend playing offense, in other words taking a more proactive marketing approach. Cold calling will be the cheapest form of entry since all you need is a skip traced list, a dialer and a lot of motivation.
I made $30,000 when I first started by cold calling a pre foreclosure list. (list $100, skip tracing $30)
I then started learning and investing my earnings into other marketing channels.
Best of luck
Andrew Freed
Investor from Boston, MA
replied 27 days ago
@Joe Gonzalez - Great advice. I would definitely start there.
@Deshawn Peterson In addition to Joe's advice, I would recommend driving for dollars around your area as well. At the very least, you will learn the neighborhoods, learn property values, and get a "feel" for the market. You can also use deal machine to identify deals and cold call those individuals later / add them to your lead channel.
Travis T.
Specialist from Remote - Colorado Springs, CO
replied 27 days ago
As a low cost addition to calling, I'd recommend even manually texting your list. You can get in front of people quickly and often get a quick reply as well to determine who is interested and who's not. The ones that are interested you can simply jump on a call with them.
There are tons of resources in the forum or across the site that can help.
Deshawn Peterson
replied 21 days ago
Thanks for the reply everyone. Definitely helps. I was considering direct mailing via USPS and searching craigslist for my digital offense. In addition, driving for dollars.