Hello Rashida, I am a member of REI Vault and can say it is by far the best avenue for any investor hands down. I never looked at this as a "system" or educational training or some other buzzword a "guru" will say. You are basically hiring a team in order to help run and scale your business. I mean sure, they have a lot of good nuggets of training material that has helped me as an experienced investor, but that is not what you are paying for each month at all. After all, you can go through all of the training material in a day. The material is just a bonus for being a member, plus they have what they call huddle calls each week so you can pick up on what others are doing and the creators (Chris Chico and Gary Boomershine) are doing that are successful in their businesses. Look, you can only learn so much in any book, you have to just get out there and do it and learn along the way. Wholesaling requires no cash up front to buy the house so you can afford to mess up and you will. If you're not messing up, you're not aggressive enough. pick up any free ebook from a wholesaling guru and get to work. This is not rocket science and it is the closest thing I've ever seen to printing money. Bottom line, you send out marketing, capture leads, ask them a few questions, put it under contract, sell the contract. so you need sellers and buyers, a little knowledge of value, and a good closing attorney. Be a deal finder not a deal creator. this is all a numbers game. the more mail you send, the more deals you get, that simple. It's all about marketing and follow up. the rest you will learn along the way and pick up a few nuggets from people that have experience (so surround yourself with experience but you don't have to pay for it) but you will not learn it all before you actually do it. so just do it. quit wasting time on all of these seminars, programs, and systems. its a billion dollar business for these guru's. they make you feel like you need them but you don't. you just need to understand the foundation and workings of the business. I've never attended a seminar, workshop or bought a course over a few hundred bucks and I'm making a huge income. once you have the basics down, you need to learn a little on negotiation/acquisition, test lists, meet buyers and learn how to scale your business and who and what makes a team so you're not a slave to your business. let them do it for you and you make the money. but REI Vault is basically a "business in a box" and that box is podio that comes already set up for a real estate investor, which is a big plus!
Please don't listen to someone like @Michael Jone that did a quick search on the internet to have an opinion in less than 30 minutes and has no experience with the company. After all, even after his "research" he came back with an educational opinion for which it really is not. I'm not sure what site he looked at but the email you got with the sales video explains it all. Put it this way I have never went skydiving, I don't see a reason to jump out of a perfectly good plane, but if you talk to someone whom has done it, their opinion is much different, which comes from experience.
Let me tell you what REI Vault really is and what it has done for me. First of all, it is much better if you have some experience as an investor first. As I said it is not a mentoring/coaching/pure educational program. But once you have some deals and made a little money and you are ready to scale and get someone to do all those mundane tasks that make you no money but you have to do it, give them a call and sign up. Some of us would prefer you not however so there are more markets/territories open for us! :) As I said REIV is a business in a box. They have a team of VA's that are trained on what we do. They help input leads, pull comps, transcribe voicemails, get your marketing out week in and week out without fail, scrub your lists, remove bad addresses from list, build your lists, they even offer a sales team to help you call your leads for additional fees. So basically for the cost of one full time employee at only $8.96/hour you get a marketing and VA TEAM. and yes you can hire a VA for $5-$10/hr but what Michael didn't say, either from neglecting to point it out or from inexperience is you have to train that VA, which sucks if you have never done it. the logical thing he left out as well and obviously didn't do the math is he said you can get a VA for $5-$10/hour.. well with REIV you pay $8.96/hr but get a whole team working around the clock and don't have to worry about doing time sheets, milestones, etc..and the $5-$10/hr he states would take a few of these VA's he is referring to, to get what the team at REIV does.
Let's talk about the lists, my response since joining REIV is impressive. They use an algorithm and cross reference lists with other lists where the seller is more motivated. it's a shipwrecked list as they call it. From what i understand, if you were to take the basic list like from list source and cross reference with other lists in probate, quit claims, foreclosure, tax liens, etc they pull these sellers..don't get me wrong not every call is a deal and you still get the jack legs that want to cuss you out and don't want to sell but the mail pieces bring out sellers that would never typically call those I buy houses and pay top dollar postcards as a lot are not interested but what happens is when they hang up you are capturing their phone number and one day they will want to sell and you now have their phone number to voice mail blast them every 6 months to see if they're situation has changed and of course in addition you get some really good leads that make you a deal maker..I average around 5-8% response each week due to their mail pieces and lists. so enough said. my first month with REI Vault I got 5 under contract, they told me I should get one lay down deal based on my marketing budget and 1-2 follow deals/month starting in the next few months. I killed it and haven't looked back and I have averaged 1 contract each week and have since increased my marketing budget 2 weeks ago and added another market yesterday so I will be getting close to an easy 10 deals a month in the next 60 days. I now have a lead manager, acquisitions manager, dispositions manager in addition to my REIV VA's and marketing team.
The biggest reason most wholesalers fail is not taking action and just buying courses. but the ones who do take action and fail it is due to inconsistent marketing and no follow up or poor follow up. REIV makes this easy and is the reasoning why I now have a predictable income each month. they do all the marketing for you as I said and all the metrics to the marketing and all the stuff behind being good and effective marketing. and follow up with REIV is push button easy. where I lacked before REIV was follow up and consistent marketing. which pieces to mail for which lists and follow up, whom to mail, whom to follow up with, when to follow up, putting the list on rotation 60-90 days, etc. now when I speak to a seller and they are there on price but not ready to pull the trigger or we just cant make the deal yet because of price I just click one of two different types of follow up sequences in podio and my VA handles all of the mailings and mail pieces each month. Boom!
Just remember this business is all about marketing, follow up, and timing. I highly recommend REI Vault but I hope you're not in any of my markets I'm in or scaling to be in, hahaha.. what I mean is they give you exclusivity in each market btw..hope this helps Rashida and.... Michael ;)
