Wholesaling in Miami FL Tips Tricks and Advice

[Caito Coloma]

Hello BP Fam I live in Miami FL and have decided primarily to focus myself on the wholesaling aspect of real estate. Ive done some flips before in the past and after currently going through a not so good transaction with a local wholesaler on a purchase, I figured wholesaling would be a great way to invest with less risk, as well as keep some properties for myself if they turn out to be great deals.

I subscribed myself to Propstream, defined my strike zone and have mailed approximately 600 postcards so far. Since doing that I received my first lead directly through my website including a call from an owner asking to be taken off the mailing list plus some more traffic to my site as a result. Not saying these are great strides but small wins in my perspective.

My question is do you have any tips for when I talk to these sellers or what I should do next? What are we typically offering in Miami to stay competitive in the market? I don't see where the 70% rule would work out in this market so I would not want to offer more than flippers would pay but I also would not want to be way under either and miss out on some good opportunities.  

Also I am targeting pre foreclosure single family homes and duplexes with values up to 250K in case this is relevant