All Forum Posts by: Alex T.

I’m in a similar process right now being a MojoDialer user and looking for an alternative that’s cheaper and effective.

I did speak to XenCall and the only reason I haven’t switched is mainly because the payment isn’t monthly, but quarterly and I’m not comfortable paying for 3 months on something that I don’t know too much about and at the same time having to get cold callers adjusted to it temporarily or permanently, which can be a hassle.

At the end of the day $100 plus or minus a month on a subscription is definitely not as critical as the quality of the cold callers, scripts, and systems you already have in place.

I’m sure you know in this business that one deal will make up for everything and I think that’s what we should be focusing more on.

Once we get more deals and systems are in place, getting other software that’s newer or more expensive might be a route that I’ll take. For now, I’m sticking to mojo since most cold callers are accustomed to it.

Bachelors and Master's in Petroleum Engineering with a minor in Mechanical Engineering and a minor in Mathematics. I worked 6 years as a drilling engineer. 4 years in Dubai for the national oil company and 2 years with a major E&P Oil and Gas company here in Houston. Then I quit for a billion reasons.

My personal opinion is to start with the basics and work your way up efficiently THEN find your niche because the EXACT same things you do to find, analyze, rehab, hold, etc is the skills you'll need for bigger and more expensive properties. Start with the ones with the areas with a low DOM and lower ARV's (150K or under) with low inventory because you'll get more buyers, traction, and experience quicker than taking on a higher ARV's.

Most sellers with an appraised value of 200K or higher (this is my rule of thumb, take everything with a grain of salt) have less motivation because they are not in a position in life to sell fast and would rather take their time and list. At the end of the day, DO WHAT WORKS FOR YOU. No matter what you read or anyone tells you...

Medellin, Colombia. Enough said...

Yes. Even though there is more inventory than people buying, people like me are still making deals. If you have the right property at the right price, you WILL find a buyer during these times. If you don't, shoot me a message and I'll help you find a buyer.

Cold calling is a great way for marketing due to social distancing. I also recommend refining your leads or list to make sure you're marketing to the areas that would be more inclined and motivated to sell during this pandemic.

@Levi Rudder @PJ Singh I definitely agree and don't think the title company is going to do anything about it because it's been almost 3 years on the first lien. I'll keep y'all posted on this...

@Levi Rudder I think I'd rather talk to an attorney instead because the title company seems to be on their side

@Ronald Rohde Well because I spoke with the title company that sold it as well as they sold it with a well known realtor

@John Teachout The property was sold from the same title company that the borrowers have been working with and advised me that I will get more out of a payment plan rather than a foreclosure. Still haven't received anything and it's all talk.

@Logan Hassinger The property was sold with a realtor so I'm pretty sure they had to use the same title company or some sort of title company, especially when it was sold with a well known realtor in the Houston area. It was also sold through a title company, the same one they've been using, and was recorded a long time prior to selling the house.

@Levi Rudder Yes they were recorded and were funded with a promissory note from my IRA account that were recorded

I invested with my traditional IRA account as two different promissory notes for the same borrower on two different flips. One promissory note for one property and one for the other. Unfortunately about 1.5-2 years ago they have not been paid (way past the maturity date) and the borrower says "they will pay" and nothing has happened so far. The plan is to foreclose and regain them as assets into my IRA then up to me to do what I want with both properties (in a picture perfect world)

Title company sold the property too while the liens were not paid. How does that even work??? Aren't liens intact so the borrowers can't sell a house until the liens have been paid off?

Long story, short can I foreclose on both properties after 1.5-2 years after they were sold with a pre-existing unpaid lien (with a recorded deed of trust) when there's already new owners living in them???

Your help is GREATLY APPRECIATED!