All Forum Posts by: Account Closed

Quote from @Adam Macias:

I prefer cold calling over text messaging any day of the week for several reasons. One of them being you know the person's intentions right off the bat when they answered the phone. You can pick up nuanced details like if they're negative, motivated or even willing to speak with you.

Put yourself in the mind of the homeowner. We as marketers in wholesaling sure love to do stuff that we don't like done to us.

There's marketing strategies way better than cold calling and mass texting but even when someone says, "yes I'm selling my house" you STILL have to speak with them on the phone and meet them in person so texting just gets in the way, creates skepticism that doesn't need to be there in the first place and look at all the legal issues you have before even starting. Just my take.

I know and you’re 100% right. I’m actually a salesman by trade and am used to cold calling. But something about cold calling my first list of property owners and trying to get them to sell to me at a cheap price rattles me. 

I've seen several services that allow mass texting clients, but I just found out that the recipients must have opted-in. I was planning on texting lists I built and skip traced so technically I'm not supposed to legally do that. Am I overreacting, should I just BS the application these texting services require to be filled out? Their application asks how the list was produced and other direct information from me. I don't want to get into legal issues because I sent out a text to a 1,000 person list.

Anyone else have experience with text marketing for the sake of wholesaling and off market deals? Is there a efficient solution or do I just need to copy and paste and text prospects manually?

Quote from @Eliott Elias:

Do not market with your personal phone number. It will be flagged as spam and you will get blown up at all times. 

good to know. Thank you 

I want to take this list of leads and text each one, inserting their name and a canned message. 

I want the message to be sent out thru my actual phone number though so I can receive responses, have iMessage when communicating with iPhone users, so they can call me too. 

Any knowledge of services that could accomplish something like this?

Quote from @John Underwood:

Have you done Arbitrage before?

Have you read on here about why arbitrage is a bad idea?

 I've heard mixed reviews. I'll look into opinions on this forum too

Quote from @Michael Baum:

Also, you need to work on your demeanor. @Alli Breighner, could be a useful resource as a lender. She might have a plan.

 That's a good point @Michael Baum, my apologies @Alli Breighner

Quote from @Alli Breighner:

Hi Arsh,

Our company is based in Austin. 

I'd love to connect and discuss details via DM. Feel free to message me!

discuss what?

Looks like Austin requires a license for short term rentals. I assume the owner of the property would be the one who has to apply for this. Is there any way I can perform the license process instead of the owner to help make the process easier for the owner that agrees to do arbitrage with me?

Additionally, the government website for the licenses are saying they are bogged down and it will take 8-10 weeks for response of applications. Realistically how can I pitch to people looking to rent out their houses and apartments if every person I try to convert from a long term landlord to STR landlord will be required to spend $750 on an application fee that takes 8-10 weeks just to process?

Any experienced Airbnb arbitrage people that could help me out?

Quote from @Michael Dumler:

@Account Closed, you'd be correct. Conventional lenders prefer borrowers who have consistent income and a property that is turnkey or needs minimal work. A hard money option is your best bet. I'd recommend attending your local REIA to see who other flippers are working with.

 That's a great idea, thank you Michael

Hi everyone,

I'm interested in doing my first fix and flip, and was curious what the best source of financing would be given my personal circumstances. 

Now I don't have consistent income, but I do have a 750+ credit score. I imagine given the lack of income, my best bet would still be working with a local hard money lender?

Any recommendations?