All Forum Posts by: Alexzander Ellenbogen

Hi Joshua, 

I appreciate the thorough response! The name of the game is consistency, thank you for that - I don't believe I put that into consideration enough. 

My follow-up question is: say I have the budget to send out 1k mailers. I slim down my search criteria in a given area by more than just vacant, 70%, absentee, but I also squeeze it smaller and smaller by adding delinquent on taxes, failed mls, duplexes, etc. So my once 1k list has now gone down to 333. 
Would you advise going to another area and (consistently) mailing with the same slim list or focusing on one area more broadly? So send out a super slim list of 333 mailers in NY, 333 in Boston, 333 in LA (so still 1k total) OR broadening my scope and just hitting say NY with 1k mailers. 

Thanks in advance! 

 Alex

Hello,

I'm planning on sending my first direct mail marketing campaign. I'm curious what the pros/cons are of sending a more broad campaign in one area (i.e., Vacant houses, in New York, NY) or a narrowed down campaign hitting multiple areas (i.e., Vacant houses, +70% equity, absentee owner, in New York, NY, Boston, MA, Los Angeles, CA, etc.)

Thanks!

Alex

@Joseph Harris III Awesome, thank you! 

This will be my first question on Bigger Pockets, so sorry in advance because it will also be the dumbest. 

I feel like I understand the beginning steps to wholesaling (driving for dollars, direct mail marketing, etc.) and grasping how to find a buyer (find a good deal, and a buyer will come). It's the in-between that is throwing me off. 

Say I find a motivated seller, and we agree on a price. I have them sign a Purchase of Sale Agreement stating that I have x days for a due diligent period to both do an inspection (if I choose to do that) and find a buyer. Say the earnest money is $500. If there is no Agent involved - what happens? Do I need to find an agent to represent myself (the buyer) and hope the seller either has an agent or dbl dip with my agent (for a 6% commission), and then find a buyer to assign the contract to? Or do I need to find a title company that will hold my earnest money in escrow/makes sure my sales agreement is legitimate until I find a buyer to sign the contract to? Also, if I found this property via a failed MLS listing - do I reach out to the previous agent or forget them all together?

On top of picking your brains, if anyone could point me in the direction of addition articles, blog posts, and videos - I'd greatly appreciate it.

Thanks!