What tools, software, and technology can I use to increase my real estate investing business?

[Anthony Kondor]

My goals is to do 100 deals a year, what tools, software, and technology can I use to increase my real estate investing business, and automate the business to do more deals and maximize time! Please Help i will vote everyone gives great answers!

[Dev Horn]

100 deals will require 1,500 to 2,000 leads, as you'll find that you can only flip about 1 in 20; MAYBE 1 in 15 if your lead quality is super good.  Many in this business use the 1 in 20 metric.

You're in Chicago where you will need to market aggressively to capture that many of the motivated sellers to contact you.  Expect your cost per web lead to be around $80 and your cost per phone call to be $120 (those are conservative figures for a major market).

Let's assume you generate 1,750 leads (the average of the numbers in the first sentence), half web and half phone calls so your average cost per lead in $100.  Your marketing budget needs to be 1,750 x $100 = $175,000.

For a wholesaler who can make $5,000 on a flip, minus the $1,750 marketing cost to generate the deal, they can net $3,250 profit.  Do that 100 times and you will be one of the top wholesalers in the country with a PROFIT of $325,000 after making an investment in marketing of $175,000.  This is the scale of business that you are talking about, and it could take you years to get to this level, at which point you'd quit buying houses and offer a guru course because you'd be one of the top investors in the country!

I want to encourage you - you don't need VAs, you need a TON of marketing $$.  Put every PENNY into marketing and answer your own phone.