All Forum Posts by: Alejandro Flores

In Texas is it allowed?

Bird dogging to find deals what's the right way of doing it? I don't have a license, but if I did what's are the difference if any. I find deals for to fix and have rentals but also wholesale. Also I would pay for refferals, is that ok?

Does anybody here in the Houston area or anywhere door knocked on pre-foreclosers with equity and was able to make a deal. I would like to hear your experiences. Going to give it a try next week since I haven't gotten success on Direct mail to absentee owners for the past 5 months.

So I been marketing with yellow letters first couple of months the response rate was at 2-6% response rate, now it has gone low as to .5%. It's been 5 months since I started the campaign. I been using similar letters, and there all handwritten. I also notice that there are more less motivated sellers then the first couple of of hits. But first, How can I improve the response rate? What are some different ways to approach?

Well, the wholesaler should do a good job getting a property under contract at a very good discount that is one big important step. Also good to provide you the properties that fit your criteria. Most wholesalers are buying high and selling high which no one would win. They have to know that you need to win enough profit to even consider taking on the project. Wholesalers have to have pretty good skills in a lot of things, talking to sellers, negotiation, speed, being efficient, good listener, and be very helpful and thoughtful of the seller since they might be going through a hard time. 

So it's been 3-4 months since I started Direct mailing correctly I got some good leads, made offers and had one under contract but failed at closing because of the title. I DM to absentee owners send out 700 letters/month. My goal for this month is to work even harder before to get more leads and get my first investment going. Right now what I been doing for the past 3-4 months feel like I been lazy. You know just waiting for calls to come in then answering them and getting info out of them, then re-touching bases with them (Keep in mind I get 2-6 calls a week).

My goal till August 28th of 2017 is to find a house to fix and flip (have a lender that will pay all) and to wholesale as well passing my Real Estate license final. This is what I'm going to change and keep the same

• Keep DM the same
• Start adding Bandit signs around 50 of them
• Door Knocking from 4-7pm (saying; I'm not here to sell but to inform you of my business that we have pool of home buyers that will pay cash fast and close quickly and also help to sell or buy a home, if you or anyone you know might be interested let us know (give her my business card) if we close on any deal you referral us we will give up to 300$ to you (bird dogging)
• Days that I won't door knock, Promoting what I do outside a store, gym (more bird dogging)
• Going REI meetings, network more to find my first deal.

It's time for me to go and find does leads and make deals happen. Got to work harder, even if I'm going to feel very uncomfortable.

I will update every day from Monday (24 of July) of what I'm doing. Let me know if you got any tips!

Nice!

Well it's pretty hard to get in the fix and flip without some money, but not impossible. You can get your parents to help you out in some money and use HM to do the rest, HM will charge 10-15% that's very high, so keep in that in mind. From there on you can find houses, start networking and start making offers.

First what is what your trying to do? Fix and flip? Wholesale ? Buy and hold ?

I'll be there!