All Forum Posts by: Arsh M.

My goal is to start building a portfolio in the state of Arizona. I’d like to start with a 10-20 unit complex or apartment building (less buildings with more units is better, less management expenses).

I have a silent partner who can help with the funding, but if we could work together to get creative finance deals that would be good too. Ultimately the most important thing is the numbers. If it cash flows well after PITI and after management expenses then I'm happy with it.

Any real estate agents that knows the state well and can help a young business professional start his portfolio?

2 Votes

Phoenix, Arizona

Quote from @Ryan Lesley:

Hey @Arsh M.,

jumping on www.meetup.com and looking for REI meetups in your area to attend is going to be a great way to meet and network with agents who would be able to help you. hope that helps and best of luck on your first fix and flip 🤝🍀

That’s a great idea! I’m gonna check that out right now

1 Vote

Hartford, Connecticut

Hi, I’m looking to do my first fix and flip here in connecticut.

Does anyone have a recommended agent they could refer me to with finding a distressed property for fixing and flipping?

0 Votes

Hartford, Connecticut

Quote from @Adam Macias:

Quote from @Arsh M.:

Quote from @Adam Macias:

Quote from @Arsh M.:

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.

It's the call reluctance. Which is extremely easy to get over. I've made videos on this before. The biggest thing is to realize without chemistry, there's no chance of getting a deal. You have full power to hang up on people if nothing is there. If someone cusses you out, immediately hang up and don't give it a second thought. If someone is playing games or is a nasty Realtor acting like a seller, hang up and move on. There's no law saying it's illegal and it's not immoral to hang up on negative people who have zero interest in selling a house.

Only stay on the phone with people who actually want to talk to you. Your intuition and gut feeling developed hundreds of thousands of years before being "nice" ever did. So trust it when you make your calls. The analytical mind and our ego are what give us call reluctance because we think if someone is not interested we did something wrong. You don't have time to create a sale, you're looking for deals not creating them.

My goal is to make 20k assignments on every deal I take on based on ARV - 70% - repairs - assignment to arrive at my offer price.

is it realistic to be working in such a fashion? I’d rather take 1-2 deals at 20k a piece per month then.

is the 70% rule antiquated? Because after I subtract everything my offer is typically 50-60% which obviously isn’t the most enticing. Is it just a pure numbers game and I need volume of offers simply? I over analyze ****

Do you have a list of investor buyers yet?

I do

0 Votes

Hartford, Connecticut

Quote from @Adam Macias:

Quote from @Arsh M.:

Quote from @Adam Macias:

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.

0 Votes

Hartford, Connecticut

Quote from @Adam Macias:

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.

0 Votes

Hartford, Connecticut

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?

0 Votes

Hartford, Connecticut

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

0 Votes

Hartford, Connecticut

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?

0 Votes

Hartford, Connecticut

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

1 Vote

Austin, Texas

All Forum Posts by: Arsh M.

Arsh M. has started 19 posts and replied 47 times.

Post: Looking for investor friendly agent to help start a portfolio in Arizona!

Post: Any recommendations on CT agents to work with for finding fix and flip deals?

Post: Any recommendations on CT agents to work with for finding fix and flip deals?

Post: Is it possible to mass text skip traced leads?

Post: Is it possible to mass text skip traced leads?

Post: Is it possible to mass text skip traced leads?

Post: Is it possible to mass text skip traced leads?

Post: How can I mass text skip-traced contacts using my own phone number?

Post: How can I mass text skip-traced contacts using my own phone number?

Post: Was looking to start airbnb arbitrage - Who applies for the STR license?