All Forum Posts by: Strat V.

Anybody have any experience with this company? They are expanding into other markets. Did some research, seems like another guru selling their wares.

Happy Belated Birthday Josh!

How did you calculate repairs? If the repairs are not calculated correctly, it will be hard to wholesale. Also, you need to have accurate comps. Pending, sold and what did not sell, within that neighborhood. Have an exit strategy also. My two cents.

like I said, I have limited experience but I shared it already and a double close or an llc single close won't even enter into the equation because in NY, even though the seasoning has been relaxed, it still takes forever to close. the time it takes to happen will outweigh any realistic contract term less than 90 days. I think it is impossible in NY to wholesale a short sale.

I do not think you can "wholesale" a shortsale. Not only that, here in NY, short sales still take forever to close and you must have proof of funds. The bank also has to agree to the short sale and my experience was they can keep dragging it out, making the seller show proof of hardship letter, etc. I do not like dealing with short sales. However, my experience is limited. Lastly, with short sales, there is a equity theft prevention law in NY, so you have to be careful. I might be wrong about wholesaling a shortsale but I am almost certain you can not in NY.

No. Unless you train this friend of a friend to find specific properties that you market to, train this person based on your criteria and to train this person to qualify your lead based on your specific criteria as a "bird dog". Otherwise you are wasting your time chasing ghosts. It really depends on what you are intending to do. Wholesale? Rehab? Spend your money on quality leads and figure out how to sort out the motivated sellers from the non motivated. I would not waste my time with free leads unless specific criteria are met, train the bird dog right.

Hello. I am getting phone calls and emails from my marketing efforts but the leads seem not to be motivated. They want to know what my "unconditional offer" is without first telling me about the property.

I am thinking about changing the way I follow up with leads, put the different types of leads into categories, motivated sellers top tier, non motivated sellers bottom tier. I am thinking about hiring a live person and to train them on how to qualify the leads.

Those that are only interested in my unconditional offer would be put into the lowest tier and I would mail them out an offer instead of calling them back, but I would tell the "unmotivated" lead the offer is in the mail. I would state that the offer is unconditional, subject to change and not binding.

For truly motivated sellers, when qualifying those leads on the phone, I would put those on top and tell them I will call back with an offer within 48 hours.

Any thoughts, ideas, advice about how to follow up leads? Is sorting leads, putting leads into categories and how I respond to those leads seem more productive?

What are the seasoned investors doing to follow up leads and sort out the motivated sellers from unmotivated leads? What kind of marketing strategies can be implemented that will not waste my time or theirs? Thanks

Thank you everybody for the comments. Yes, follow up is the "responsible adult" thing to do, and it is the ethical thing to do, I am just a bit nervous because they are not really motivated from what I can discern because the are emotionally attached to the property and believe it is worth tons of money. Sadly, the property is not worth any where what they think it is worth, based on my analysis. I will follow up and expect some hang ups...

I had some results from my direct mail letter campaign. I received some calls, attempted to discern it the lead was motivated or not. Most want mega bucks for their property. I told the "motivated" seller we would analyze the information that they provided and get back to them within 48 hours with an offer. The problem, I can not give them an offer.

Question: Do I follow up and give them a low ball offer (based on my comps and analysis), or do I not follow up, even though I told them I would? Should I follow up and just tell the seller we can not give an offer at this time?

Any advice, help, comments, thoughts or ideas? Thanks

Yes, Preston has been around for years. Invented some well know products but mostly Preston is a Master Marketer. He Markets quite a few guru systems and products as well as some of his own. From what I understand, he is "friends" with some, sells their wares and gets a piece.

Anyway, I was extremely curious about his latest system, bought into his most recent system, reviewed it, was appalled, mostly lessons and a few other gadgets. Within 24 hours after I bought into his system, a guy from Fortune Builders called me in an attempt to solicit me into their Mastery program. I was pissed. I was already on the brink of demanding my money back and that sealed it. I called them up and demanded my money back. Took a week to get my refund. In my opinion, not worth it.

The problem is, the system is not all inclusive and there will always be other new systems and gadgets he will try to sell you after you thought you had it all...I should have known better, almost fell for all the hype. I am getting spammed with other must have products that will save me from the end of the world.