The deals are out there in abundance. They really are. Boatloads of them. I’ve seen a lot of new investors do just a little marketing and throw their hands up and exclaim, “THIS DOESN’T WORK! Why would anyone want to sell their house at such a big discount?” There are hundreds of reasons, but we don’t need to figure them all out.
Don’t get bogged down in trying to figure out why. Start getting them to call you and tell you why!
First, have you joined our private FlippingJunkie facebook group? Come network with us!
Here are 5 proven, cost-effective ways to get the home sellers to call you:
Dear [insert owner name],
My name is [your name]. My wife and I were driving around [neighborhood name here] and noticed your house at [enter address here]. We are looking to buy investment properties in the area and would like to buy that house. If you would like to sell, please call us today, as we are only buying a couple of houses. We can pay cash.
Your Name and Number
Mail it in a personal-sized envelope that is hand addressed (very important!) and stamped (not metered).
Would you like to see how easy it is to broadcast the message:
Click that link and watch a brief video. You don’t have to be a rock star to get your message out there. Just know what you do and say it succinctly, with a firm commitment. Your sincerity will come across naturally through simple clues, like tone and inflection. Listen to the message, see the visual cues and you’ll get the idea that you should produce a video for your house flipping needs it just makes good sense.Next: Follow Along As I Open Up My House Flipping Business
Great post today. I needed it – to refocus.
Can you tell us what your success rate has been with– Driving for dollars, Wholesalers, REO realtors, Business cards, and Code compliance? Of course, not needing exacts but just something like 1 of 20 driving for dollars, 1 of 5 wholesalers etc..
I don’t have current numbers for that but to give you an idea I would say driving for dollars would be the highest success rate with a guess of about 1 of 200 driving for dollars, REO realtors would be next (but competition has ruined this lately), wholesalers, code compliance and then business cards. Of course all of these, even if I gave exact numbers, would not really help because the experiments aren’t very controlled. I’ve always thought code compliance would produce a lot of awesome deals, but that never happened. Business cards vary a lot with mileage. If you pass them out to the right people (people with some motivation to sell a house or know somebody that does) you are much more likely than if you just give them to your relatives.
What have you been up to lately in your real estate business? Are you currently doing deals? Are your students doing deals as well?
Always enjoy the blog! Take care
I know the blog has been a little bit quiet lately. I’ve been super busy with everything including a couple huge projects that I hope to make public soon.
Right now we have 3 rehabs going and I am wholesaling one house. My students are doing deals and taking action.
Will try my best to get some new content on the blog soon.
Do you have students in San Antonio as well as around the U.S.? And how do you decide on when to partner with a student on a deal?
Yes, I have students in SA and all over US (for FreedomByFlipping).
I don’t partner with students but I do buy wholesale deals from them if they are in San Antonio.
Awesome blog Danny!