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All Forum Posts by: Eric M.

Eric M. has started 4 posts and replied 93 times.

Post: HELLO

Eric M.Posted
  • Wholesaler
  • Rochester, NY
  • Posts 100
  • Votes 23

Welcome to BP @Account Closed 

Post: Rochester NY February Meet up-Save the Date!

Eric M.Posted
  • Wholesaler
  • Rochester, NY
  • Posts 100
  • Votes 23

Thanks for putting this together again @Rebecca Lebowitz - I'll be there!

Post: Best Way To Approach an Off-Market Deal?

Eric M.Posted
  • Wholesaler
  • Rochester, NY
  • Posts 100
  • Votes 23

Purchase a list and send direct mail to the owners of duplexes in the target area. Marketing to a list of 100-500 shouldn't be too hard. By doing this, you'll be able to get them calling you with interest in selling. 

I think what you're trying to do is play a numbers game. If you prefer to stick with calling from signs, call as many as possible.

Post: Oh no not another one! Bay Area CA, Newbie

Eric M.Posted
  • Wholesaler
  • Rochester, NY
  • Posts 100
  • Votes 23

@Yasmina Malik Welcome to BP! 

Interesting perspective and aspirations... I'm excited to see more from you when you break ground on the vacant lots. 

Post: Found a potential mentor, now what?

Eric M.Posted
  • Wholesaler
  • Rochester, NY
  • Posts 100
  • Votes 23

@James Enright has the right idea (hence the last name!) 

Find more deals and ask him to partner with you on them. If you close, split the profit 50/50 and soak in as much info as possible. 

I don't think you need to structure an elaborate partnership with him, as it sounds like he's already willing and able to help. 

Post: 70,000 Mail Pieces in 2014; What Did I Get For It?

Eric M.Posted
  • Wholesaler
  • Rochester, NY
  • Posts 100
  • Votes 23

@Jonathan C. As far as getting the e-mails, I have two thoughts:

First, throwing the question casually into the beginning of the conversation between two simple questions. As long as they seem comfortable and open with you, I see sellers being fine with giving it to you. 

Second, when dealing with out-of-state or absentee owners, I always ask for the email in order to send them current photos of their property. Typically sellers are thankful for receiving the photos since they aren't always able to easily see their properties.  

I think all of your ideas are great... I also fall victim to not responding in an adequate timeframe too. Let's both work on being more on top of responses!

Post: 70,000 Mail Pieces in 2014; What Did I Get For It?

Eric M.Posted
  • Wholesaler
  • Rochester, NY
  • Posts 100
  • Votes 23

Awesome thread @Jonathan C. 

Do you have plans on going solo in the near future? 

I was going to ask if you had any ideas on how to increase the margin before I read that you co-wholesale. Going more independent would certainly increase your profit margin. 

Regardless if you don't and continue your current course, do you have any other ideas on how to increase the spread? 

Post: LeadPropeller or Investor Carrot?

Eric M.Posted
  • Wholesaler
  • Rochester, NY
  • Posts 100
  • Votes 23

I like the work Danny Johnson has done and used his "free template" once upon a time. I haven't used Lead Propeller but am familiar with the product. I chose and used Investor Carrots Pro service for the better part of a year and highly recommended it. The content is good, the interface is simple and effective, and their customer support is ridiculously good! I actually just had to contact them again this weekend and was impressed again! 

Let us know what you choose!

Post: Newborn wholesaler

Eric M.Posted
  • Wholesaler
  • Rochester, NY
  • Posts 100
  • Votes 23

@Aida Rivera You sound like you're figuring it out. Take the time to learn and understand your market. Have you linked up with any local investors for guidance?

I'm an investor in the form of a wholesaler; yes!

Post: Newborn wholesaler

Eric M.Posted
  • Wholesaler
  • Rochester, NY
  • Posts 100
  • Votes 23

Welcome to BP, @Aida Rivera 

The answer is all up to you! There are investors on the phone or in the field 20 hours a day, and there are completely passive investors. I think it depends on what your expectations are and how fast you want to achieve them.