All Forum Posts by: Anthony Lynch

 This is brilliant. The double sale approach is genius actually. Problem is as you said is finding that agent/investor. Most I have came across are just agents that dont understand the investor strategy of it. They also have a monopoly of people they can send deals to and can close in days. But there is definitely someone out there. I will keep networking hard to find.

Thats totally true. Margins seem to be getting tighter. I seen some investors do it for as little as 10% ROI in my market, which makes zero sense to me. Definitely like the approach through the escrow agents. Thats pretty solid angle.

Yeah you make some really valid points. Love the feedback. I have reviewed my script and switched it up to be more relational rather than transactional. I definitely see you point on that. Thanks so much.

@Gustavo Munoz Castro Also some great feedback here also. Our follow up game is somewhere that we're weak on as well. Need to get a better system here to keep on track of this. I guess I didnt think that people would not be interested later but If you developed more of a relation I guess that changes.

Hey Jonathan. Thanks so much for responding. Your questions got me reflecting on some things that we're doing. And sorry, yeah I should explained each of the things better. As for the postcards, I listened to a BP podcast before where a person had success when the put a picture of an animal on front because the thought was people warmed to it better. Got a better hit rate for them. I tried something similar with a dog with a sign as if they would be interested in selling their property. Then back has the contact details and a little to explain about myself. I'm not sure if thats in line with what you think is generic? I wanted to try something different because I receive a lot of similar letters and postcards for all my properties, that doesnt catch my eye much.

For the cold calling, we use mojo dialer which has a built in crm and the power dialer. So when I say over 3k leads I mean that we have hit over 3k homes with owners. Now still going through that list to re-attempt them but around 1k of them were hard no's of people who owned the property and just not interested. I know its a numbers game but I would have thought at least 1 may have been interested.

As for the script. Usually its starts with "Hey is this John Doe", Or "are you the owner of property 123 main street". If they say yes, then it would be follow up with "Would you be interested in selling your property". We have tried playing with words here but hard to make it so its less invasive or impersonal. I have watched videos on callers, and they seem to follow a similar approach. But not sure if its entirely the right way. I guess the solving the problem is a good question you ask here. My naive thoughts here are that people are motivated to sell or not based on certain situations and its matter of striking the right person at the right time. I guess how you handle the person by building a relationship is key here. To add we have had 2 people that entertained the call. Asking us what we would offer. We tried pulling a number from them but they refused to give us one. We eventually gave a number and they then gave a number way over market price even. Tried to call out to their property but they just wanted an offer over the phone. Do you have any suggestions with how you would tackle the pitching? Would you do things differently? 

Also to answer your last, we have gone to appointments set by wholesalers/agents but not cold calling yet. We have made offers on many. Nothing sticking yet. Definitely because of the higher bids.

@Julie Muse I love your quote on jack of all trades. I was beginning to think if we should pivot to something else from cold calling. But I think patience for me is key here in that I need to stick at it and continue on the follow up process. I am on the same thoughts of agents and wholesalers. Driving for $'s is something I havent done yet. I have a company that I run during the week that eats on time, thats why cold calling is easier to spare an hour a day to tackle it. Same with my partner. But weekends I need to start doing that as well

Hi all. Wanted to see people’s opinions here. Always see great opinions and great advice on here and just wanted to see if people experience similar issues starting out looking for off market. My business partner and I have started to looking for deals for fixing and flipping sfh. Both of us have pretty good experience rehabbing from past properties and work. We’re looking for off market deals through various channels like sending out postcards, cold calling and networking with wholesalers. Nothing seems to be really working. We have been looking for the past 7 months. Cold calling, we must have went through over 3k leads from 2 areas on cold calls. Repeated postcard sending also. Wholesalers send deals but 20 other investors are bidding for smaller margins. Real estate agents are similar. What probably doesn’t help also is that we will be using hard money which eats into profits and so getting that better deal seems to be harder compared to investors that have cash. Wanted to see if others had this type of struggle initially searching for off market deals? Is it something that clicks after some time of trying? Also I’m looking in the Northern California region near concord area. Both of us still very driven to get our first deal but wanted to see if it is something people go through initially and when did they land their first deal. Thanks all in advance. 

 This is brilliant. Thank you very much for that. Would have never thought of that. Yeah the new property mangers have been trying to get the documents but never told me this

Im in a predicament and would love to see if anyone ever came across this issue before. I'm an out of state investor and have multiple properties in jacksonville Florida. I purchased 2 multi families last year and remodel and passed them to a property management company in which I thought where goo at the time. As the year went on, they kept getting bad tenants that never paid and I had issue with getting them to do anything about it. They also seemed to be quite flakey in terms of money being sent to me and feel that they actually keep some of the rents themselves. The reason I say that is because the monthly drawers that they sent, didnt add up have of the time and I questioned it and they paid the extra amount. Sometimes they said that the tenants didnt pay but I had no proof of that. I recently had enough and decided to move away from them. So long story short I moved to a new company and the old company agreed to terminate the contract by email. I also sent a letter to get a signature at which it was received on their end. Now the problem is the new company need the agreements but the old company is not sending them to us and aren't answering calls or emails. Im also missing on a months of rent because tenants are saying they sent cheques to the old company. The new company are trying their best also to get the documents of them but they are unresponsive to them too. They have called to their office and now answer. Obviously to get legal action is quite expensive to go down. I'm wondering has anyone been in this situation before, and what did they do?

Thats a great idea. Something I will look into more. Im presuming permits may be an issue for getting these things done or an expensive process.  

@Ned Carey I was thinking that as well since there is such a shortage on houses in SF that the demand is high but recent times it is dropping as people can work remote during this pandemic and now we are seeing a decrease in rent amounts because people are leaving outside the city. So if the demand drops, I can only imagine that appreciation will not happen for years down the line. I could be just analyzing that part too much tho because San francisco will probably always be a desired city 

@Ned Carey Thanks for your feedback. Appreciate it. That makes sense what you're saying. I have been looking in less expensive areas in San Franscisco but still didn't seem to work But wasn't really taking into consideration tax deductions like you said.  

@Derrick Dill That deal you showed seems like a gem alright. Have you had much look in finding leads in the bay area?