All Forum Posts by: William Kyle Walker

I've been marketing for wholesaling for about 3 months now but I think I need to change up what I’m doing to get some results. I have been cold calling some tax delinquent properties and have sent out some yellow letters to absentee owner with 50% or greater equity. All the calls back that I have got from the yellow letters want more than retail. Only makes sense if they have a cashflowing property, there is no need to sell at a huge discount.

My question is that I have about a $1500 marketing budget and wanted to know what the seasoned wholesaler would do with that $1500 if they started from scratch.

Would you put up bandit signs?
Start a "sell your house fast.com" website/landing page?
Start buying the probate and inherited lists and mailing those?
Start mailing pre foreclosure lists?
Pay some bird dogs to send you vacant house addresses?
Do something else that I didn't put up here?
Buy lottery tickets?
Not even start because $1500 in marketing won’t bring enough traffic to get a deal?

I'm trying to find out what yields the highest number of motivated sellers willing to sell at a discount.

Thanks in advance

I would use a different contract on the sale side. I'm guessing you gave yourself some out clauses on the buy side contract and also didn't put an earnest deposit down. When selling make sure you have a spot on the contract for the end buyer to have an earnest deposit down so they are less likely to walk and don't give them the same out clauses.

If cash flow is your goal I would leverage it to buy a small apartment. I think buying something outright is more risky because it is like having all of your eggs in one basket, using financing is having the banks eggs in there with a couple of your eggs.
and with looking at macro economic factors inflation must pick up in the next few years making that cheap bank money payoff faster. Prices are all over the place for the DFW area. I did a quick search and found http://dfwincomeproperties.com/. Then clicked on Apartment All Areas 5+ Units. You will have a better idea of where the properties are located since this is not my area. Find out what rate of return you would like, then start evaluating different properties. Also evaluate how involved you want to be. Do you want to be part of the property management or out source it to a professional. Lastly do as you are now and keep educating yourself. good luck