All Forum Posts by: Ronny Rodriguez

What is the best way to acquire deals in the Southern Californian Market? What is the best way to fund fix and flip deals?

What is the best way to acquire deals in the Southern Californian Market?

Hello. I have been trying to get into the real estate market since last June. At the time I was not too knowledgeable on the whole real estate market, real estate strategies or real estate funding that is out there so I started off as a potential wholesaler. Within the course of 6 months I sent out about 2000 letters to potential motivated sellers and got a very low response rate. when I sent out letters here urban localized Los Angeles county and Orange County, and not one person was motivated enough to sell. (Not one person called back) Then I sent letters to rural 29 palms and Joshua tree and got about 5-10 call backs but the houses were either at a low value and needed repairs worth than the property itself or the seller was not motivated enough to sell for a price that was good enough. I do not know if it was the marketing(as in the letter was not convincing enough, or my target was just not there or the fact that I am 18 made people not give me the opportunity to help them) that caused the low response rate. Can any one giving me a few pointers on direct mail marketing? Therefore, I decided to look at the world of possibilities and Strategies(by educating myself) to change my real estate business model a bit,so I started to look at rehabbing. My father is a contractor so I think I can get the repairs done but I want to make sure I am dealing best people for the job. I want to deal with realtors who will work for there commission (no offense), attorneys who don't just take my money(no offense again), insurance brokers who give me the best rates and tell me exactly what I need and mortgage brokers., who can lend me money with the best rates possible. Can anyone pleas give me a few pointers? Am I approaching the fix and flip business the right way?