All Forum Posts by: David Lecko

@Joe M. How ya doing? Good question

First just wanted to make sure equity is understood.

Let’s say the market value for a house is 100,000

The owner has a mortgage for 80,000

The owners equity is 20,000

Now that equity is defined check this out: of the owner had a mortgage for 100,000 he would have 0 equity. Let’s say you need to buy the house for 50,000 because it’s in bad shape. Well the owner owes 100,000 so there’s no way they can sell it to ya for 50,000

@Jo Kinal if you’re an agent it’s good to disclose that. Other than that it’s up to you. Some people like to specify they’re NOT an agent to make clear they want to actually buy their house, not list it.

@Shelly Forte how many were you expecting? Lol

@Mckenzie Jean keep up the good work! My recommendation is to plan out your marketing ahead of time, for example: how many properties you’re going to add and how many times you’re going to mail to each. By doing this you will prevent yourself from giving up too soon. Talk to someone successful in your market about what their numbers look like. We always say 200 properties mailed 3 x each is at LEAST what it takes, but you can hone in those numbers even further by talking to someone local who’s done deals D4D

@Bryan S. Thanks for the kind words! Glad you’re using the in-app chat feature. We are absolutely here to help

@Shaun J.

Appreciate your feedback very much. We are working hard to make DealMachine the absolute best tool to assist your driving for dollars and get you more deals.

A little update:

1) Related to bugs - we have had some growing pains this summer! Thanks for mentioning we fix things pretty quickly. We know it’s super important to be proactive so it will work perfectly every time, and we are doing so to stay ahead of that.

2) Related to printing smudges on postcards - this is an industry wide issue with the USPS’s high speed sorting machines that are used for barcoded mail. If you are looking at returned mail, that’s especially prone to smudging because it gets run through the sorting machines a few additional times to make sure there’s no other place to deliver it. If you google this issue you will find many articles about this usps issue. Unfortunately we can’t fix this issue by switching printers, otherwise we would!

We just launched a non-barcoded mail piece that has an actual stamp so it will not have that type of smudging problem.

3) There’s always gonna be a cheaper option. A huge reason we’re more expensive is we let you add unlimited properties AND export an unlimited amount of property owner lookups. Since you mentioned that other app specifically, they limit you to only 150 properties exported.

I hope this sheds some light and appreciate the feedback very much

@Bryan S. The ones with the ball point pen??!

@Manuel Alexander if DealMachine can’t find it contact american tracers

@Bryan S. Good man!!!

@Scott Johnson awesome documentation of your deal!