Hey John, thanks for becoming a contact. I will pick up your book and see if it changes my views regarding wholesaling which are that it's a highly recommended strategy to get into the game with little or no money, but that's not exactly correct. I did try wholesaling right from the start. I did a direct mailing to targeted list of folks I received from a realtor. It was a multi-thousand piece mailing (maybe around 2 thousand or more), and I received back a lot of "return to sender" mail. I also generated about 2 or 3 calls. One was from a person with a huge list of properties, but it turned out that he was a wholesale trying to wholesale to me so that would have been a double wholesale...no deal there. The others were actual owners, but weren't good prospects because they had mixed feelings about what they wanted to do with the prop. Long/short-wholesale does take some money, it takes a lot of time (prep. mailings, screen calls, visually check out props, etc.). These factors made it difficult for me as a part-time REI. So, my first actual jump into the REI water was buy and hold (landlording). This suits my lifestyle better although it is definitely not a walk in the park on sunny, cool, breezy afternoon. So, hopefully, your book may change my outlook on the wholesale strategy. Thanks, again, I'm looking forward to following you.
From: JohnLydic
08/10/2009
Hi Karen! Thanks for the add and for joining my group.
08/11/2009
Hey John, thanks for becoming a contact. I will pick up your book and see if it changes my views regarding wholesaling which are that it's a highly recommended strategy to get into the game with little or no money, but that's not exactly correct. I did try wholesaling right from the start. I did a direct mailing to targeted list of folks I received from a realtor. It was a multi-thousand piece mailing (maybe around 2 thousand or more), and I received back a lot of "return to sender" mail. I also generated about 2 or 3 calls. One was from a person with a huge list of properties, but it turned out that he was a wholesale trying to wholesale to me so that would have been a double wholesale...no deal there. The others were actual owners, but weren't good prospects because they had mixed feelings about what they wanted to do with the prop. Long/short-wholesale does take some money, it takes a lot of time (prep. mailings, screen calls, visually check out props, etc.). These factors made it difficult for me as a part-time REI. So, my first actual jump into the REI water was buy and hold (landlording). This suits my lifestyle better although it is definitely not a walk in the park on sunny, cool, breezy afternoon. So, hopefully, your book may change my outlook on the wholesale strategy. Thanks, again, I'm looking forward to following you.
08/10/2009
Hi Karen! Thanks for the add and for joining my group.