Karen Goodwin

Screen Name: tip2006

tip2006
Points: 23
Virginia
United States
OFFLINE
Business Name: Tailored Investment Properties, LLC
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My Details
Investing Since:
Member Since: 07/30/2008
Last Login: 08/30/2009
My Blogs
No blogs was posted by this user.
My Contacts
tip2006 has 12 contacts

Colin
JohnCorey
The Millionaire Mind    (Kris Dehnert)
JohnLydic
preston777
Walters Property Investment Group
mr3days
Real Estate Lawyer
Steph
RealEstateMike
EasyHUD
Dolmar Cross
My Comments
From: tip2006
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.


tip2006

From: JohnLydic
08/10/2009

Hi Karen!  Thanks for the add and for joining my group.


JohnLydic
Educator
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