All Forum Posts by: Bryan Igboke

@James Heller I actually got my first deal cold calling agents on market a little while ago and I'm looking to scale up my operation!

I have a connection who is a successful wholesaler and he referred me to a skip trace service that has worked well for him. I totally agree now, I went with a VA company for a week at this price point and wasn't totally satisfied so I switched over to a company that connection also referred me to (I will start with them May 2nd and they're $6/hr).

Another great reply! I appreciate the support man. I would love to check out your content if could send the link.

Bryan

 Ah I see. I'm new to propstream (I pulled lists for the first time last month) becasue I've been gathering prospects through other means before this. It's very possible I just misunderstood the system my first time around and based on your response it seems like that is the case. I'll be sure to pay even more attention this time and delete those duplicate properties from all but 1 list. Thank you for the response!

I know propstream will not allow you to pull a property twice within the same list, which is great. Though, when I pull 2 separate lists in a similar area there is a chance that the property shows up on both lists. I also have the list automator and know that it can show you whenever a property appears on multiple lists, campaigns, etc.

My question is if there is a way that I can know that a property is a duplicate before I actually pull it. I ask this because my plan is to market to 10,000 new contacts per month, but last time I pulled 2 separate lists and many on the 2nd list were duplicates so I only ended up marketing to around 7,000 contacts. I just want to find a way to know if I am about to pull a duplicate that I already have the information for so I don't waste one of my 10,000 contacts per month on it. Please let me know if this makes sense and if there are any solutions / workarounds you guys know of!

Hey BP,

I'm getting ready to input a system for my relatively new wholesaling business and wanted to get your guys opinion. I'm hiring an experienced VA ($10/hr to $15/hr) from either startvirtual.com or through Upwork (still haven't decided). I'm using propstream for lists (pretty standard). I'm planning on hiring a VA who can skip trace for me through TLOXP, sinceI have a friend who's been successful with this and it's cheaper than other sources. Lastly, I'll be using REI Reply for texting and CRM.

Any positive or constructively negative comments about my system would be appreciated. 

@Louis Davis

That makes sense. That’s actually what I’ve  been doing so far, googling and calling but their pickup/response rate is low.

I’ve been hearing that about their decision making time a lot from other sources as well. Good to know, thanks for your response!

As I'm sure you all know, hedge fund buyers have taken over the residential real estate market with their high cash offers. Since they are able to pay so much more than the average buyer, they would be the ideal end buyer for wholesale deals. I was curious if any of you have been able to get in contact with a hedge fund? If so, how did you go about doing so?

I found a website with active hedge funds and have been calling them to try and get their buy criteria and build a relationship, but have had limited success. I would love to hear from anyone who has successfully done this or even someone who might just have alternate methods they have thought of.

@Dan Maciejewski

Understood. Once I find the average cap rate for the area from retail buyers, I can just make sure the cap rate I'm bringing my deals to buyers at is higher than average.

Thank you

@Dan Maciejewski 

Thanks for the quick and detailed response!

That makes sense, I'll definitely do this.

Another question that comes to mind is how I could do this for single family homes. For multifamily homes it is easy because only investors buy those, but for single family it could be an investor or a retail buyer. A retail buyer obviously isn't concerned with the numbers so I wouldn't want to use their purchase price in my analysis. Is there a way to easily differentiate between the two?

I am looking into wholesaling to buy and hold investors and not just flippers. I only do single family homes and was curious if anyone knew of a relatively simple way to find the desired return on investment of investors in a given city or zip code so I can make sure my formula is correct.

Thank you

@Wale Lawal sound good! I will give the article a read.