Flip This Wholesaler

I really pushed myself today to accomplish the daily goals I set in my last post. The one I was dreading the most was making 20 phone calls to sellers. I put this off until about noon, then decided that I was going to do it no matter what. It took me most of the day, but I did it. From the 20 calls, I ended up getting 4 good leads (going to follow up and make offers tomorrow), adding 2 buyers to my buyers list, and finding another hard money lender. I'm more happy with the fact that I actually followed through with the calls than anything else. It is really, really good practice to just call and talk to sellers, realtors, investors, etc. The more you do it, the more confident you become. I used to be scared to death to even call people back that responded to my advertising.

I also made an offer on a listed property today. The sellers have been transfered, and have moved out of state. The list price is about 20k below the FMV. I faxed over a letter of intent after I asked the listing agent if this would be acceptable. The house doesn't need any work, and is in a cookie cutter neighborhood, so I made the offer sight unseen.

I only managed to send out 5 postcards today. My contact management software is still screwed up, and the process of printing out labels in Word took a very long time (I won't get into details). I also am starting to feel like my time is better spent either making direct contact with sellers (calling), or just making an offer on the mls. Also, both of these methods are free. I much prefer to have sellers calling me, but I don't really have the money for any more advertising right now. Perhaps another blessing in disguise.

Still shooting for another deal by the end of the year.