Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

423
Posts
190
Votes
Mike Schorah
  • Rental Property Investor
190
Votes |
423
Posts

How many cold calls per wholesale deal in this current market?

Mike Schorah
  • Rental Property Investor
Posted

If it took you for example 15,000 cold calls to get a deal 2 months ago, will it take you 30,000 or 60,000 cold calls in this current environment?

Have you seen a change at all? If so, what’s driving this? Sellers wanting too much for their property? End buyers too scared to make a deal?

I have 2 reasons for making my assumptions:

  1. The number of wholesale deals from major wholesalers (combined) on my REIA Facebook group went from 4 a week in the first 3 weeks of July to 1 a week in the past 3 weeks.
  2. I haven’t seen any major currently active (active at wholesaling and active on BiggerPockets) wholesalers (who don’t have a product to sell) on BiggerPockets in 2-4 weeks.

If your sales are 1/2 or 1/4 what they were in June, when do you expect wholesaling to become worthwhile again?

Most Popular Reply

User Stats

4,757
Posts
4,058
Votes
Jerryll Noorden#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
4,058
Votes |
4,757
Posts
Jerryll Noorden#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
Replied
Quote from @Eliott Elias:

There’s no number you can place to track deals. It all depends on your team and how efficient they are 

I make 100 calls usually until I land on a deal, but the quality of people I talk to is a lot different 

Interesting. 1 out of 100 for a signed contract. How many of the 100 actually turn into leads (not signed contracts)?

Loading replies...