All Forum Posts by: Jenell Poncabare

Hi @Alejandro Jimenez and Happy New Year! With the current interest rates, it will be necessary to find these properties at a discount. Going direct to seller is the best way to do that! Not to mention, as an agent you have a unique advantage to provide a solution to a lead even if they don't fit your BRRRR buy box. The best and most effective way is doing marketing consistently. The deals are in the follow up. Invelo can help you build out a prospects list, help you send your marketing and even track leads and deals. There is a free version that is designed for newer investors and an easy upgrade for investors that are doing more deals. If you want to check it out, go to inveloapp.com. I would be happy to answer any questions you have! Cheers to crushing goals this year!

Hi @Dave Rav and Happy New Year!

Invelo and Open Letter Marketing work hand in hand together. We would love to help you grow your portfolio. I am going to send you a message. 

Hi! @Parker Hardy What kind of off market properties are you looking for? Driving for Dollars is an excellent way to find motivated sellers! As an investor, those properties have been some of my most profitable flips. I commend you for wanting to do your own marketing. When you rely on others to bring you a deal or the MLS, you are putting a lot of your opportunity for success in someone else's hand. I am part of the Invelo Team now, but even before I was, I liked using their list building feature to build up a prospects database. I then added multiple seller motivation filters to that list. Once I had about 1500-2000 prospects that were on multiple lists, I marketed to those folks. I use direct mail, cold calling and good ol fashioned door knocking. I would be happy to answer any questions you might have!

Hi @Ron Hollingsworth You mentioned that you looked at 5 or 6 CRMs. Did you happen to check out Invelo? Based upon what you're looking for, Invelo can do most of those tasks that you are desiring. It is also a great CRM for managing prospects, leads and deals. If you are interested in checking it out, go to inveloapp.com. There is a free version if you want to give a try before committing to a paid plan. If you have any questions, I am here to help! 

Awesome that you are getting some mail out. OLM is great and yes to automated DM! 

I love the combo of DM, cold calling and some good ol door knocking. 

 You are welcome! Please let me know if I can help with anything else. 

Hi @Lourdes Kirk! You will have access to the Starter plan with your Pro membership, but you can get 15% off the Individual plan as a Pro member if that subscription suites your needs better. You also get $50 automatically when signing up with Invelo, no matter which plan you choose. You can put that $50 to work with skip tracing or your first Invelo marketing campaign.

Let me know if you have any other questions! Thank you!

@Mitchell Bumann Those are some nice numbers! Where you the agent that sourced the deal or was this your flip?

@Cameron S. That is great that you started to send some direct mail and are starting to get some responses! There are a few pros and cons to consider when involving your realtor. The pros are that you get their two cents on the location of the property, you get to have your first contract negotiation with someone by your side who has experience and it may overall make you feel better about the transaction. The cons are that this will likely be an added expense to you or the seller or both. Which basically means if you are looking for a discounted off market property, then some of your discount you were hoping to obtain just went to the agent. Another con is that some of the sellers might be turned off by you bringing an agent into the mix. The information you need to do this on your own is at your fingertips online; it just depends on whether you are willing to get a little uncomfortable in exchange for the discount on the property. When I want to know what area a property is located in, I jump online and search the police activity in the area. Most areas will have an interactive map that will show you what has been happening in the neighborhood. The next thing I would suggest is get a purchase contract and read it over. Research and make sure you understand the different parts and what they mean. Lastly I would use a reputable title company (or attorney depending on your state) to close the transaction. They won't let you do anything accidentally illegal. Whichever way you decide to go, you are already setting yourself up for success by buying a multifamily as your first purchase! I wish you the best of luck!

Hi Jeet! These are all great questions! Now is a great time to get the ball rolling to have some momentum going into 2023. The response rates really depend on the list, type of marketing and market location. I am hearing some success with a few different lists. D4$, related party and vacant properties stacked with high equity has been good too.

Invelo is a great source to pull lists. If you would like to try it, there is a pretty robust free plan. You can add up to 5,000 new prospects a month with their list builder. We are also offering a live webinar on multi-touch marketing campaigns tomorrow at 4PM EST. I'll send you a message with the link to register in case you are interested.