All Forum Posts by: Dylan Barnard

We were thinking potential sellers, but we were informed of the TCPA and how we could potentially get screwed legally, so that kind of threw that idea out.

@Don Konipol We are going to set up a direct mail campaign for preforeclosures. Have you been on yellow letters lately? It doesn't look like you can customize your letters much anymore...

 We don't think we are going to pursue this route for our business yet. We learned more about the laws governing telecommunications and found out it really wouldn't work unless you want to text each lead individually. 

 Yeah, uncertainty can provide for reduced investment and productivity in the economy as a whole.

Pay for no service rendered would, in my mind, be an easy case to win or at least bring them to the table to settle the bill. But I have no idea. You should post the company name so us other investors will know to stay away.

I love it. We definitely need some more economic dialogue on this site, especially since we are late in the business cycle at this point. ABMYD (always be minimizing your downside).

100% agree with @Kenneth McKeown on this one. Just outwork everyone else and good things are bound to happen eventually. The Rich Dad books are good to read about general entrepreneurship with some real estate specific advice too. 

Good morning everybody!

We have decided to give text message marketing a try and started shopping around for platforms to use this morning. Does anyone on BP use this method at all, and if so, what platforms do you guys recommend checking out? We are reading about simpletexting.com right now, and they look like a good source to use so far, but we would still like some input from the BP community if you guys have ever run some texting campaigns for leads. 

Thanks!

@Jay Hinrichs thanks for the input. We we're actually trying to buy the house at $265k and thought we could relist it for at least $300k after we did some minor fix-ups (about $5k worth), primarily in the master bath. We looked at the old listing and it was poorly put together, and we thought it was poorly marketed the first time and that we could do better than this agent that was representing the seller. We ran those numbers with my mother-in-law, who was going to be the end buyer, and she was comfortable with them. 

@Lydia R. we were primarily trying to kick start her agent business by mailing out to the expireds, but we framed it like they had two options as a marketing technique. Like I said in the post, we are still pretty new to everything, so we were just seeing what works. We could have totally bought it with the agent, but the seller didn't want to pay the commission. We were at $265k with no extra costs, where if we offered $265k with the agent, the seller would have had to pay the commission out of that. The numbers were pretty tight, but we ran some numbers for rent in the area, and worst case we had a cash flowing rental on our hands.

@Sam Shueh thanks for the tip of requesting proof of signed contract, I didn't know that we could do that. 

@Account Closed thanks for the input, and that's exactly what we did is light a fire under the other realtor, if it was a legit offer. We still don't know that lol and yeah, that's true about contacting the other agent, but the seller requested we call him, so we did. We probably should have still pushed back and said that it was between the seller and agent and we shouldn't get involved.

Thanks for the input Jose. Yeah, it seems like we have had very similar experiences with this one. The agent admitted to us that he had an offer at $290k and convinced his client to turn it down because he thought he could get $300k+. He then said we needed to pay him $5,000 even though we were going to do the deal off market. Now that I think about it, he was actually a factor that prevented the homeowner to do what was in his best interest at take the $290k. Kind of backwards.. These agents just seem greedy and don't really care much for their clients. Oh well. On to the next one...