Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

27
Posts
8
Votes
Trent Rogers
  • Rental Property Investor
  • Louisville, TN
8
Votes |
27
Posts

Marketing and texting on a budget for flips and rentals.

Trent Rogers
  • Rental Property Investor
  • Louisville, TN
Posted

My wife and I live in a fairly rural county and rarely do wholesalers send us properties where we want to buy. I think this is because of how archaic our county records system is, not much data is available online. We really want to target flips and rentals in our area so I have considered doing my own marketing. 

In our case we won't be sorting through large amounts of data and generating thousands of leads like a traditional wholesaler does. For example, we spent two hours driving for doors yesterday and came home with 45 leads. Same thing if we go pull lists at the courthouse, it won't be tens of thousands of people. 

Because this is really just a lead source for our own purchases and the volume of leads will be low I'm struggling to find a fairly cost effect solution for texting. It's my understanding that under the new regulations carriers are requiring these texting platforms to register businesses using their EIN. Most of these texting services can be pricey and LLC's aren't cheap in TN. I really don't want to set up a separate entity just to generate leads, especially when my low volume of texts isn't likely to get flagged by the algorithm if I'm careful about keywords.

I don't want to use my own personal sell number and being able to text from my computer would be a plus.

Can you guys and gals suggest a good solution for sending out a few hundred texts a month?

Edit: The more I read, the more it sounds like cold texting is now flat out illegal. So is every business getting an opt-in or are some just simply ignoring regulations? Very confusing. 

Most Popular Reply

User Stats

227
Posts
477
Votes
Austin F.
  • Investor
  • Michigan
477
Votes |
227
Posts
Austin F.
  • Investor
  • Michigan
Replied
Quote from @Trent Rogers:
Quote from @Austin F.:
In a similar situation I had very good success with direct mail. I sent out a similar number of mailers and was able to write a somewhat personal sounding letter, return address it with a local address, use stamps I stuck on myself, and make it look the opposite of a direct mailer. I had a very high response rate (16%+), and ended up buying a few deals because I took the extra time.

As a contrast I had run my list through a phone number generating service, and I checked what number the lead called me from against what the service said their number was, and only one or two were correct.

 Nice, thank you for the feedback! Did you print the mailers yourself? It seems most good mailer services have some minimum order (500) and I currently don't need that many. 

It's also interesting that so few numbers actually correlated to your skip tracing...what skip tracing service did you use?

Printed it all myself on my home printer. There is a way to do it where you can build your list in Excel, then export it into Word and it will auto fill names and addresses as it all prints. So you can click print, and it will rattle off 50 or however many of the same letter each with a different name printed in the "name" field. Same with envelopes for addresses. Once I figured out how to format my Excel doc the right way this was very easy, but it took a bit of research to get right.

I can't recall the name of the skip trace service I used, but it was highly recommended here.

Loading replies...