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All Forum Posts by: Colley Bailey

Colley Bailey has started 3 posts and replied 29 times.

Post: RedX vs LandVoice vs ArchAgent

Colley BaileyPosted
  • Real Estate Broker
  • Fayetteville, AR
  • Posts 48
  • Votes 19

As an update to this thread, I need to apologize a bit I guess because I hadn't really kept up with it over the years.  Some people asked how my marketing/calling efforts were working out, so I'll update about that.  In 2017, my listing videos and social media marketing helped me get on with a builder in my area.  I spent a few years selling through their neighborhoods, so I didn't really need to make cold calls or market anything but their listings.  As of November 2019, I sold through the last neighborhood they had assigned me to, and I thought it might be a good time to step back out into the general market.

So, I built some FB video ads for Buyers initially, along with an email drip funnel and active prospecting back to those leads.  I'm doing a lot of retargeted ads back to my established audience.  So far, the results are promising.  I started running ads right before Christmas with a New Home for the New Year type video ad, and I've generated a few hundred leads this way. I have one under contract so far, and I'm working with several on building their credit.  I'm booking a few appointments a week from this so far.

I'm also working on Seller ads, which will start soon, and I'm still using those same YouTube listing videos to build brand and credibility as well.

Also, I have been listening to Ricky Carruth, as somebody mentioned above, and I really appreciate his "How Can I Help You?" approach.  He's not really making pesky "Sales Calls." So, I'll be giving RedX GeoLeads a try this month (February 2020).  I think he's right that the key to success in this business is to constantly be talking to people.  2020 will be my 6th year in the business, and I agree, if you're not talking to huge amounts of people, you probably won't close many deals.  I'm excited to give it a try.

I have just begun to see all these forms of communication in the same light.  Whether you're calling, texting, Facebook messaging, blogging, or recording videos, at the core of it, you're just communicating with people.  Different people will gravitate toward different forms of communication, and so as long as you're communicating with as many people as you can, in as many different forms as you are comfortable with, I think you're on the right track.

However, I will say video ads can get you in front of the most people with the least effort.  Conversely, person-to-person contacts like calls and door knocks are probably the most effective for conversion.  And even when you get a Facebook Lead, you still have to get them on the phone and book an appointment.  Phone and In Person skills are always essential.

Post: Northwest Arkansas Investor Monthly Meeting

Colley BaileyPosted
  • Real Estate Broker
  • Fayetteville, AR
  • Posts 48
  • Votes 19

Thanks for posting this, Sarah! I'm an agent in Fayetteville, and down the road I'll be investing as well, so I'm glad to know about the REI club.

Post: Wanting to flip houses in Northwest Arkansas

Colley BaileyPosted
  • Real Estate Broker
  • Fayetteville, AR
  • Posts 48
  • Votes 19

There are tons of great articles here on BP.  One of the easiest (but more expensive) methods of getting started is with hard money lenders.  Many of the interviewees on the podcast got their start this way.  Do some searching around for articles, you'll find a ton.

Also, have you gotten "The Book on Flipping Houses" from BP yet?  Great info in that one.

Post: Kristie from Northwest Arkansas

Colley BaileyPosted
  • Real Estate Broker
  • Fayetteville, AR
  • Posts 48
  • Votes 19

Hey @Kristie Wilson!  I'm an agent here in Fayetteville.  I can help you find multifamily properties.  If you'd like to have a coffee meetup sometime, just give me a PM.

Best of luck in your journey.  There's more info here on BiggerPockets than anywhere else, and any questions you have are just a forum post away.  Run with it!

Post: Noah Burks Fayetteville, Arkansas College investor

Colley BaileyPosted
  • Real Estate Broker
  • Fayetteville, AR
  • Posts 48
  • Votes 19

Good to hear from you, Noah.  Glad you decided to post this.  I'm an agent here in Fayetteville, and will move into investing here in a couple years (as long as everything goes to plan.)  Sounds like you won't need any help on the agent side, but I wish you the best of luck, and I hope you can make a name for yourself in the local market and help lots of people.  Who knows, maybe I'll have a buyer for one of your properties at some point.

Keep up the good work!

Post: New Member from Texas and Arkansas

Colley BaileyPosted
  • Real Estate Broker
  • Fayetteville, AR
  • Posts 48
  • Votes 19

Good to meet you, Ross.  I'm an active agent in Fayetteville.  Would love to meet up when you're in town.

Post: Legal or Not

Colley BaileyPosted
  • Real Estate Broker
  • Fayetteville, AR
  • Posts 48
  • Votes 19

Honestly, it may be simpler and more profitable to just get your license, and then act as the buyer's agent for your potential investors.  You can find the property, get it under contract, and then collect your commission at close.  Your commission will probably be $3,000-6,000, which I assume would be pretty close to what you would want to make as a wholesaler.

Another benefit is that you may also be able to work as the listing agent on the same property if the investor intends to flip it.  You can get two paychecks out of one house that way.  It's the safer route, in my opinion, and probably more profitable.

The classes are fairly easy, and the  test is not that difficult if you've studied for it.  

Post: RedX vs LandVoice vs ArchAgent

Colley BaileyPosted
  • Real Estate Broker
  • Fayetteville, AR
  • Posts 48
  • Votes 19

Well, a year after I started this thread, I've realized that cold-calling sucks and I've moved onto more efficient methods.  As an agent, the goal is to prove that you are an authority in your market, that you have a better approach, and that you can be trusted.  In my experience, cold calling accomplishes none of those.  It just positions you as a pest.  I hate being tele-marketed to, so why should I expect my clients to be any different.  Let's be honest; It's annoying.

I'm now working on a book to tell some personal stories, entertain, and enlighten people to my home-selling process in a non-pesky way.  I've put together YouTube videos which explain my selling process, and I also packaged those together into a DVD which I can hand out to prospective clients or mail to FSBOs, Expireds, and Zillow Make-Me-Moves.  So far, the videos have given me a lot of credibility and made my Listing Presentations virtually Objection free.

I'll try and report back as to how these new strategies are working out.

Post: New Member From Northwest Arkansas

Colley BaileyPosted
  • Real Estate Broker
  • Fayetteville, AR
  • Posts 48
  • Votes 19

Hey John,

Good to meet you on here!  I'm glad to see you're taking steps to get ahead.  BP is an incredible resource.  There are articles and forum topics on almost everything you need to know.  I'd also highly recommend the books available through BP.  Top notch info.

If you need a great Agent, I'd love to meet up sometime.  I'm currently working with investors in the area to find multifamily properties and other investment opportunities.

Best of luck, my friend.  You've come to the right place.

Post: From 0 to 1,000 Posts - How Contributing to BP Breeds Success

Colley BaileyPosted
  • Real Estate Broker
  • Fayetteville, AR
  • Posts 48
  • Votes 19

Congrats!  I love BP as well.  I just got a call from someone out of state that may need my services as well, all from my presence here on BP (which I admit isn't even as big of a presence as it should be.)

Keep Rockin'.  I'll be sure to check out your articles.