Flip This Wholesaler

I can't believe this month is over already. I really didn't expect for things to be as slow as they have been, but I just have to deal with it and keep going. I really feel like I am doing a good job marketing, but I just don't seem to be getting any good leads. I am consistently sending out postcards, putting out signs, making offers on the mls, making a TON of phone calls, and networking. I don't know what else I can do, so I am just going to keep going until I get a deal. I have some other marketing ideas that I want to implement eventually, but I would like to get at least 1 more deal (and some more cash in the bank) before I do anything. I am to the point where most of the ads in the paper, the Flyer, and on Craigslist, are all sellers/realtors that I have spoken with and/or made offers to already. Today, for example, I called on an ad in the paper, and after a few minutes the realtor told me he had already spoken to me about the property a few weeks ago. I'm not afraid anymore of making low offers, or talking to sellers, it just seems like I have run out of places to look. It's frustrating to say the least. I guess my next step would be to go knock on doors, but honestly, It kind of scares me (safety wise).

I got several phone calls today from postcards and signs. No equity to speak of. One of the realtors I made a verbal offer to yesterday called me back today to tell me the sellers couldn't accept my offer because they owed too much, but they were open to any creative offers. I threw out a subject to scenario (I have a friend who is looking to buy rentals sub2 and doesn't require a whole lot of equity). He called me back to tell me the sellers were interested, so I am putting him in touch with my friend and maybe they can work something out. I can pick up houses sub2 all day long these days- now that I'm not looking for them. Funny how that works (not really).

I went to look at that dump I was talking about in my last post. It was even worse on the inside. I'm going to call the guy back tomorrow and offer 50k. He originally said on the phone that his price of 75k was firm, but today when we looked at the house again (it is a rental btw) he said to just make an offer.

Tomorrow morning I'm going to look at a property I found on the mls. Then I will sit and make phone calls for the rest of the day, and put signs out at night.

The investment group we are starting is almost up to 50 people.

An investor from another city in Florida called me last week after seeing some of my advertising. We are meeting for lunch next week. He invests in another market and we both agreed to send each other leads.

I don't think it is possible for me to keep up the marketing I am doing for an extended period of time and not get a deal. I have to get something sooner or later. It's just kind of scary not having another source of income to fall back on. Of course if I did have another source of income, I most likely wouldn't be working as hard. In the past, I have always slacked off after achieving a little bit of success, and so I guess this is a good learning experience for me. It will make me more resilient in the long run. It just sucks right now. I guess if it was easy, though, everyone would be doing it.