All Forum Posts by: Laura Alamery

Hello there. Please come and join me at one of my real estate club meetings. I hold one in Miami and one in Fort Lauderdale once a month. Tonight we have a Mastermind meeting in Fort Lauderdale. Great information and networking opportunity. Check out my website under Local Events for links to the Meetup clubs.

As a bird dog, you basically scout for properties, and then bring the referral (property) to an investor for a referral fee (usually $250 to $1,000.) Why don't you use the same concept and co-wholesale instead? You still find the property, put it under contract, and then partner with an "experienced" wholesaler  to sell it and split 50/50 instead of taking just a small referral fee. The advantage of doing this is also that you would be building your own buyers' list and in no time you can do the deals by yourself and keep all the profit. :)

Hello -

I always put something on the envelope to trigger someone to open it. If it is a vacant property, I state "Cash for your property at (address) regardless of condition and equity." For probate, I would state "Executor of Estate at (address) - I will buy the property regardless of condition."

Laura

According to the Federal Housing Finance Agency, as of July 2015 we had already reached the levels of November 2006 (pre housing crisis,) with the average nationwide house price of $240,000. As of today, we have risen another 3% nationwide average since July 2015.

The Midwest, from Wisconsin to Texas, are on the higher end of the price recovery, compared to other parts of the country, like East and West coast.

I hope this helps you. :)

Both. :) I always say to new investors to start with wholesaling, because it is a good way to start learning about the business with minimum risk and faster gratification (money!) Eventually you do want to add fix and flip to the mix, because you run into properties that make much more sense (and money) to rehab for quite larger profits than straight out wholesaling.

There are 4 possible outcomes to a real estate deal - wholesaling, assignment, fix and flip and buy and hold. Knowing which one to apply for every deal will maximize your profits and strategy as a real estate investor and you will never "leave money on the table."

Welcome! I run a pretty big and successful real estate investors group in St Louis. Come and check us out! Our next meeting is on February 26th. You can find us on Meetup under St Louis Real Estate Club.

Skip tracing (what the creditors use, like Accurint,) would be the best option, but it can get pretty expensive. You can try Spokeo, Searchbug, Intelius or free services like whitepages.com or 411.com

Good luck!

Welcome! Come and join me and several other active investors from the Chicago area at our next Meetup (go to Meetup) on February 28th under "Chicago Real Estate Club: Networking and Coaching." I hope to see you there!

I target the "Don't Wanters" - see the image below that was part of one of my recent webinars. Good luck! :)

Hello Chester -

welcome to wholesaling! :)

These are some of my thoughts/suggestions:

• First of all, the quality of the list is important for the best response rate. If you don't get at least 5% phone calls from your mailing, you need to revisit the source;
• I am more inclined to printed letters and envelopes with a good tag line to get people to open the envelope - I am not much for yellow letters;
• To increase your success rate, after you do the mailing, try to get as many phone numbers as possible for the people you mailed to - you can try to use whitepages.com, 411.com or intelius (fee based) - you might also want to visit personally a few of these properties, and talk to neighbors, to find out more about the owner.

To me direct marketing is a 3 step process - good list first, tweak the mailing until you get 5% or better response rate, follow up as many as possible (via phone or personal visit.)

Good luck! :)