All Forum Posts by: Autumn Allen

@Dave Lee I haven’t gotten anything legal from anyone, but with the huge bandwagon of everyone sending doing robo calls or ringless voicemails I am hearing a lot of agitation in the Seattle market from the community. 

@Cornelius Garland thanks for writing back. Can you PM me your service you have created?

Relighting this thread, anyone use Freedomsoft (FS) in 2018 or 2019? I have been an avid Podio user but I really do like the interface and offerings of FS. There offerings seem better than in past years:

I am actually using SoFi for a student loan and while they were easy, too easy to get in with there have been some surprises and changes that didnt really sound right to me. I agree with Nghi Le, it is actually a much better experience to put a little effort into sharing your passions, and there is usually someone interested in helping. A surprising amount of people have money just sitting in a 0.001% savings and not sure who to trust and what to do. Show them what you do, take them to a job site, or a show them a recently sold flip you did and the numbers. Get to know what goals they have financially and perhaps you can be the vessel to help either other and form a great relationship. I like using promissory notes and am happy to share mine as well.

@Cornelius Garland Hi there, I have read this entire article in detail and first wanted to say thank you for sharing your approach. I am in the Seattle market and have been wholesaling since 2015. I mostly get my deals through direct door knocking and getting a contract with that person to help them right away or referrals. But this is not very scalable so I have questions about cold calling. 

1. Are you still having to dial 70 numbers to get 1 conversation? 

2. And how many conversations do you have to have in order to get 1 signed contract?

When I tried cold calling the first time, I had to get the addresses and then get the numbers from LocatePlus. I pulled 3 numbers per person. 

Looking at my results right now, I called 112 names (3 numbers each) and got 13 conversations out of that. That breaks down to for every 8 names = 1 conversation happens.

I was told that 30 conversations = 1 contract signed on average. Do you agree with this number and or not?

This would mean you need to call 240 names = 30 conversations=1 contract, but this feels VERY low. 

I stopped calling at this point, and did not get any contracts with the numbers I mentioned.

BUT - I had no automated sequences whatsoever because I didnt want to violate any laws. It seems once a month I get that tiny lawsuit card in the mail informing me that xyz company is getting sued for not asking if they could text me first. And they are the big fish, not small companies.

I am trying to be diligent and realistic in 2018 in breaking down my goals into actions to meet those goals. I hope with this post I can help others as well. Thank you!

Thank you Tim!

I am working with some off market sellers in this area. Reach out if you are looking to pick up properties in Gig Harbor, WA in Pierce County. Private message me or checkout my contact info. Thanks!

They do have some equity, just not enough to make an all cash deal work.

Loan: 319k. Arrears: 40k. 360k total rounded. Its a big house, 3 car garage. Worth 450k.

They listed it for 384k. After realtor fees though they wont have enough to pay off the entire 360k so not sure what their plan is. I am going to talk with them today about all their options. 

I really like being able to give families a new start, a reset to a better chapter. But to pay off everything for them, help them out with moving, and finding them their next home, locking in a guaranteed price and date can only be provided by investors like us and that special bundle comes at a premium in a way, so I wish Uncle would understand that part. 

Hey BP family! Burning question for experts, especially in Washington state (Auburn, Kent, Renton, Seattle, Bellevue, Kirkland, Tacoma) investors. 

I wanted to poll the experts on this one. I help a lot of folks out of foreclosure by the traditional cash deal that pays off everything, but I want to offer more solutions for those families where the equity just isnt there to make the all cash work out but the arrears arent bad either. 

Has anyone tried seller financing as a way to stop foreclosure? Give them enough of a down payment to stop the arrears and then pay them monthly for the house enough to cover their payments? They would still need to move to their next location but they are getting paid, getting their credit on the rise, and avoiding foreclosure all at the same time. And a possibly higher offer price because the pay amount is spread out over 5-10 years. Big benefits for them.

Thoughts?

Also First American title works well and they give discounts to investors if you ask for it. 

Hey BP Family! Looking to network with folks investing in Fort Worth and Dallas Texas area (Tarrant and Dallas county). I have lived in these areas most my life, minus the last 4 years I have been in Seattle and I am excited to be investing in my hometowns now too! I have owned my own wholesale business for about 2 years now and primarily focus on off-market single family homes for both flippers and holders but also have done some multi-family. I provide thorough reports for my cash buyers and love building relationships. Contact me if you're interested! Best, Autumn