All Forum Posts by: Account Closed

@Caleb Heimsoth You're so right. It probably would've been difficult to make that deal attractive to a developer

I;m definitely going to write up more letters and then try a different type of seller for the next list. Do you have a link to that post about the handwritten letters? 

Just writing this post actually helped me put things back into perspective. I had been so much in my head that I'd forgotten the true reality of wholesaling. It's really a numbers game so I'm going to keep pushing and marketing as much as possible. Thanks for the response! 

So, I started a yellow letter campaign and have sent out about 100 handwritten letters to non-owner occupied properties. I got ONE call from a man and his wife that owned 2 lots of land (right next to each other) in a very hot area in Atlanta. They wanted nothing less than $500k for both lots (combined). We did the research and saw that it wasn't a bad deal and made an appointment to meet with them. 

We drove to see the land the day before the meeting and saw "For sale by owner" signs tacked onto a tree. The houses surrounding the land were selling for about $800k-$1.2 million. We did our numbers and figured we would try and make them an offer. 

So the next day we meet with the husband....he seemed friendly but not really motivated or receptive to our offers/interest. AND on top of that a real estate agent had come through, removed their signs, and replaced them with her own signs. He told us they were going under contract with the agent in 2 days and to talk with her if we were interested. (So frustrating! lol) So we followed up with husband again the next day on the phone and he was a little grumpy and said that if he were to take our offer he wants nothing less than $500k and we shouldn't need more than a day to close/get the money (we planned on wholesaling the land to a developer). At this point we decided to let it go and just follow up again in a month or so.

So long story short this was discouraging. I plan on writing more letters soon (I have a list of about 800 people) but I feel like maybe the sellers won't be motivated in this type of market (Atlanta is a huge seller's market at the moment). I wrote up bandit signs last night and will be putting them out. I also plan on driving for dollars all day tomorrow.  Annnddd... I'm in the middle of completing my exams to become a licensed agent. So there's a lot going on and I feel a little scattered. Does anyone have any advice or even words of enlightenment to get through this little rough patch lol? Does it sound like we potentially missed out on a good deal?

HI Michaela,

Thank you for the response! Would you by chance have any specific people you could refer me to?

Thanks!

Erin 

Hello all!

I'm just getting started out and wanted to see if anyone has a recommendation for investor friendly title companies in the Atlanta area?  Also they must be open to working with wholesalers and double closings.

Thanks so much in advance!

Erin

 I just read through everything! It was EXTREMELY helpful, thanks again! I'm about to purchase my first list from List Source. 

@Mark Pedroza

Thank you! Checking it out now

@Brian Lee

@Daniel Onunekwu

I found them on the tax commissioner website for my county. Then I'll take the property address and look up the owner on the county Real Estate Data Search.

 Thank you! I will try that out

Does anyone have a recommended source for motivated seller leads? I just purchased an account with Rebogateway but unfortunately there were not any results for my county. I do have free access to tax delinquencies and legal notices, but just looking to expand my options. I would really appreciate any advice.

Thanks!

Hello everyone! I've been reading around and taking in a LOT of information about wholesaling. I just bought my first batch of bandit signs and currently on the hunt for some good seller leads for a direct mail campaign. Anyone here on Bigger Pockets currently having success in the Atlanta market? I'd love to hear about your experiences.

Thanks!

Erin