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Updated about 14 years ago, 09/28/2010

User Stats

27
Posts
5
Votes
Ron Paisley
  • Real Estate Investor
  • Naples, NY
5
Votes |
27
Posts

Low productivity

Ron Paisley
  • Real Estate Investor
  • Naples, NY
Posted

Today I have attempted to contact every investor I knew, about a potential deal, and I have'nt recieved a response all day. If first you don't succeed try try again. Im going to have some cake :D

User Stats

5
Posts
0
Votes
Martin Hurley
  • Virtual Assistant
  • Castlemaine, Victoria
0
Votes |
5
Posts
Martin Hurley
  • Virtual Assistant
  • Castlemaine, Victoria
Replied

Last week I put an ad ($35) in the local paper (went out to about 30,000 people) and I got one phone call from it. I found that quite funny. Anyway, just got to find the right way, the right approach. It all works out eventually. :)

User Stats

8,794
Posts
4,381
Votes
Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
4,381
Votes |
8,794
Posts
Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Replied

Maybe the deal wasn't as good as you thought or your ad campaign needs work...what did you put out there?

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User Stats

27
Posts
5
Votes
Ron Paisley
  • Real Estate Investor
  • Naples, NY
5
Votes |
27
Posts
Ron Paisley
  • Real Estate Investor
  • Naples, NY
Replied

I just shot an email with the numbers. I also stated that if it didn't meet their criteria to notify me. I wonder if they are as serious as I am. I'm willing to put in the work and time, but I don't like to waste any of it.

Account Closed
  • OR
845
Votes |
1,481
Posts
Account Closed
  • OR
Replied

Look, you sent the email today. People who are actually investing in real estate might very well be out and about working.

You have to wait until people have the time to sit down and check their mail. Your buyers probably haven't even seen your email, yet.

Also, it is very likely that they will read your email and mull it over for awhile. Then they will contact you with any additional questions.

If you gave an address, they might do a drive-by before they call you.

User Stats

428
Posts
43
Votes
Jason Wheeler
  • Pleasant Hill, CA
43
Votes |
428
Posts
Jason Wheeler
  • Pleasant Hill, CA
Replied

I've found that staying in touch on a regular basis, Like once a month weather you have a deal or not will get you a better response when you do have a deal.

Just drop a line every now and again and ask them what THEY are working on.

This will cultivate a mutually beneficial relationship and they will be more likely to accept and return your calls.

User Stats

978
Posts
39
Votes
Foster Algier
  • Investor
  • Orlando, FL
39
Votes |
978
Posts
Foster Algier
  • Investor
  • Orlando, FL
Replied

Jason- Absolutely! You have to think that with so many wholesalers out there the average investor receives so many e-mail updates about new properties that sometimes it becomes tedious to see your inbox stuffed to capacity every morning. Individual contact, even as simple as weekly or monthly, creates a relationship and makes your buyers feel important to you, which they most certainly are!

This is also vital for your out of area buyers. You will not see them every month at the local REIA meetings and can compensate by building rapport with regular contact.

Ron- Thank you for starting the conversation. Keep up your diligent work ethic.

User Stats

15,745
Posts
10,940
Votes
Will Barnard
Pro Member
  • Developer
  • Santa Clarita, CA
10,940
Votes |
15,745
Posts
Will Barnard
Pro Member
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Continue to plug away, approach is everything, so you may need to make adjustments. Also, be patient. busy investors do not sit at their computer all day!
Your continued activity here on BP will help you the most. That I can promise!

User Stats

8,794
Posts
4,381
Votes
Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
4,381
Votes |
8,794
Posts
Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Replied

When you put something out in the world via email it generally pays to put in the email that you will be following up via phone on such and such date. Then do it...on time!

I get hoards of email from every Tom, Dick, and Harry I have ever met. I generally click through 95% of it in about 2-3 seconds on my Blackberry unless it entices interest. Something that has attachments and data to support the claims generally gets a look-see. Other email that is just a bunch of promises with nothing to substantiate them goes in the circular file.

People are busy...Think like you are in their shoes. What would you want to see in an email if you were buying the property? Enough detail in attachments with a bulleted synopsis of the detail or executive summary would work the best for me...with a follow up call so that I don't have to chase you down to find out more.

User Stats

27
Posts
5
Votes
Ron Paisley
  • Real Estate Investor
  • Naples, NY
5
Votes |
27
Posts
Ron Paisley
  • Real Estate Investor
  • Naples, NY
Replied

Great Advice from everyone. I exspecially like the idea of following up an email via phone. Thank You

User Stats

3,696
Posts
1,501
Votes
Rachel H.#2 Mobile Home Park Investing Contributor
  • San Antonio, TX
1,501
Votes |
3,696
Posts
Rachel H.#2 Mobile Home Park Investing Contributor
  • San Antonio, TX
Replied

When it comes to building a team and a great network, I find quality over quantity works best for me. If you're looking for investors to work with, it's best to scope out your local area and find the ones that are really doing business out there. Usually, this can be done simply by driving the areas you want to work in and visiting the rehab projects of investors in those areas. Hope that helps!

p.s. I work more "in the trences," communicating by email is not really my style working in REI. But, I'd say do what works for you! :)

User Stats

1,145
Posts
902
Votes
Brian Levredge
Pro Member
  • Investor
  • Chattanooga, TN
902
Votes |
1,145
Posts
Brian Levredge
Pro Member
  • Investor
  • Chattanooga, TN
Replied

Depending on how big your buyer's list is, you may want to call your buyers personally, especially if this is a good deal. It's a nice personal touch that doesn't take too much of your time if you have a small list. In addition, once you start doing deals with a few of them, you are going to be talking to them more regularly anyway. I get email blasts often and I generally don't like them. Sure it's a great way to reach a large audience quickly, but as others have said, it doesn't really have the effect you are looking for.

  • Brian Levredge