Wholesaling Best Marketing Strategies
Hello Everyone my name is Jose Martinez new to BIgger Pockets Community, based out in Joliet, IL close to Chicago. Recently started my wholesaling business Sep 4 of This month. I have done 1 deal that gave me lot of learning but I want to see what kind of marketing is best for a beginner with low marketing budget! Right now I have a carrot Investor website, doing a absentee owner direct mail campaign, & looking to get list from list source to cold call?
What list do you guys recommend to start with?
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Michael Quarles
#1 Marketing Your Property Contributor
#1 Marketing Your Property Contributor
- Flipper/Rehabber
- Bakersfield, CA
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Michael Quarles#1 Marketing Your Property Contributor
#1 Marketing Your Property Contributor
- Flipper/Rehabber
- Bakersfield, CA
Good to meet you Jose
As an investor who buys at 65-70% of “As Is” value it is important that I only market to properties which will produce that ability.
The following is the criteria I like the most
- 30 Plus % of equity
- 5 plus years of home ownership
- No corporations
- No trusts unless in a high trust state
- Single Family Residences
- Accessed value not to exceed the area’s median home value.
- Absentee out of state owners
Because this list is typically small, mainly due to the filter of out of state absentee owners, I will add this list as well.
- 30 Plus % of equity
- 5 plus years of home ownership
- No corporations
- No trusts unless in a high trust state
- Single Family Residences
- Accessed value not to exceed the area’s median home value.
- 50% Absentee
- 50% Owner Occupied
If my budget was such that I could send to all home owners then I wouldn’t care what percentage of absentees to owner occupied there are.
Once I have the list I would market to it 6 months in a row using six different mail pieces. At the end of the six months I would rerun the list and start over.
Happy House Hunting