All Forum Posts by: Justin Hackney

Triangle Flips is dedicated to finding the best deals in the Raleigh / Durham area for house flippers, buy and hold investors, and even wholesalers and real estate agents.

Go to www.triangleflips.com and fill out the quick and easy form I have set up under the "investors" tab.

Once you click submit, you have been added to my email list where I will share with you some of the best deals the Triangle has to offer.

Check me out at Bigger Pockets @ http://www.biggerpockets.com/users/hackney1856

And Facebook at

https://www.facebook.com/pages/Triangle-Flips/1004...

Watch this- https://www.youtube.com/watch?v=MREnkfd731Y&spfrel...

"The difference between our dreams and reality is Action" 

I mainly wanted to post this article to create a sense of responsibility ( Kind of like weight watchers! haha ) 

About a year ago I read Rich Dad Poor Dad, which changed my life. I come from a hardworking family and I couldn't have asked for better parents. However talking about money was a big "no no". 

After I decided I wanted to retire in 10 years or less, so that I could spend the rest of my life with the people I love travelling the world, I began to indulge myself in financial education ( One of which was the BP Podcast! ). 

About 8 months into my personal schooling, I began to feel like I was falling into the trap of Analysis Paralysis. 

I had every excuse to not get started. The biggest one is that I didn't have any money!

I had just moved up to Raleigh, NC for a new job and moving was quite expensive.

So the first thing I could do for FREE was set a timeline for myself. I worked backwards from the date I wanted to launch my real estate company and did the math. 

This simple step has done wonders for me. I saved up enough money to get going with a wholesaling company well before my actual timeline permitted. 

However, actually spending the money on things like domain names and lists was very difficult. I knew this was my "poor Dad's" voice telling me to save. And I bought my first domain name. 

It was only $12, but it made me feel obligated to finish this. 

I'm now as passionate as ever to finding the best deals in Raleigh and I feel like nothing can stop me. 

In the mean time I'm saving up for my personal Investments in multi-families. And I can honestly say I wouldn't be here now without Bigger Pockets and my local TREIA so I thank you all for that. 

And now that I posted this for the world to see I guess I have to do it ;) 

Thanks for reading, 

Hey Jill, 

Just curious, do you send out nothing but personalized letters? Is there a way you have systematized this so not to take up a ton of time? 

And a call to action is a great idea. Bounded time always gets people in motion. 

Another idea might be to discuss Ads. How do you develop an Ad that gets sellers to click? Any ideas? 

I have heard many dialogues that discuss the effectiveness of postcards, yellow letters, and bandit signs. 

A lot of people analyze their stance on these different tools to finding motivated sellers through the use of statistics and numbers. 

But generally, human psychology is left out of the conversation. Sure, these marketing techniques are easy to scale and easy to read. It's a numbers game right? 

But what is the most effective tool in regards to making the seller tick. Bringing the seller to make that phone call. 

How can you use psychology to your advantage when choosing the right marketing campaign. 

Does it vary by region? by sellers lists? or by any other variable?

(For example I have heard of someone posting a picture of themselves on the back of their postcards, slightly dressed down, with their dog and their family to point out that they are not a bank or some rich investor, but a nice guy down the street) 

Hey guys, 

My reasoning for the 500 mailers is because it fits the timeline that I gave myself to raise that money to get started. I'm working on a few other projects that is slowing down that process. 

However, I think by supplementing the shortage of mailers with driving for dollars and bandit signs along with my online presence and a few other free ideas I have, I think I can come up with 1 deal. 

That 1 deal is all I need to get started. I'll take that cash and reinvest until I'm making 2 deals a month with little effort. The amount of mailers have bothered me though. I might just go ahead and up them to a thousand for my first campaign. 

Thanks again for the feedback! 

So I gave myself until the end of August to officially launch my real estate company in Raleigh, NC, where I'll be wholesaling and flipping houses. 

My next actionable step is to figure out the lean cost of the startup.

So far... this is what I got: 

Website: 1 for buyers and 1 for sellers = $25 

direct mail letters: 500 = $300

Bandit Signs: 50 = $175

Driving for Dollars: 4 hours per month = $80 

Online Marketing: Free 

Networking: Joining BP pro members and my local REA = $300

Purchasing/ Building sellers list: using Listsource.com for 500 listings = $125

Building buyers list: free

Transaction Fee: free ( I plan on selling my contract not double close ) 

Setting up the system: Using podio.com to track all leads and using ringcentral.com to manage my calls = $35

Total Cost of Startup = $1,040

MY ASSUMPTIONS: 

Average lead per marketing campaign = 3%

Average deal per lead ratio = 4%

Marketing budget = 15%

Average profit per deal = $5,000

*****

So If I don't completely blow it, I should close on one deal in September, making me at least $5,000 minus marketing budget which comes out to be $4,250.

That's a great ROI!

If you could, please share any tips on nailing down this price. My next actionable step is to write out my business plan so I'll follow up next week with that. 

Thanks BP! 

Hey BP Raleigh, 

Enjoyed meeting everybody last night for the first time and I definitely plan on coming back for another meetup. 

Fell free to add me as a colleague and keep in touch in the meantime. 

Regards, 

Hey Everyone, 

I'm new to BP as well... I'm launching my real estate company in August/ September here in the Triangle where I'll mostly be wholesaling for my buyers/ investors. 

Also interested in purchasing small multi-family homes where I can house hack! 

See you guys soon! 

Thanks for the help guys, 

I passed on the deal after I inspected the place. Looks like it has some structural problems that I don't want to inherit right now. 

If anyone knows of an owner finance or Lease option in Raleigh area let me know. I'm open to any opportunities

Hey guys,

I really appreciate the feedback. I'll be meeting the guy on Monday and walking the property. I'll keep the forum updated on the development of the deal and I'd really appreciate to see what everyone thinks. 

Yall are awesome

Until Monday,