All Forum Posts by: Jeff Gebhart

My experience with Jake and Gino.  We have been in the industry for over 10 years.  We wanted to learn how to scale and grow.  I researched several programs.  We picked Jake and Gino and it was the best decision we have ever made.  Our business has grown as a direct result from this program.  The put out a TON of content, have connected us with countless others around the country and create several opportunities weekly for us to interact with each other and learn.  So many great people in this group and I have not heard one complaint.  I highly reccomend this group!!!

Hi Lauren, 

We have been investing in Grand Rapids for 10 years.  Your coming in at a time when property values are pretty high so make sure you do your due diligence.  Grand Rapids is a great market.  We are looking to move to some bigger projects and going to be selling some of our best properties.  Let me know if interested.  Good Luck!

Heather - Welcome to BP.  We own several homes in West Michigan, mostly Grand Rapids.  We have flipped houses from North Muskegon to Wyoming.  I'd be happy to help when I can.  At first I would tell you that if you are new, listen to your Dad.  Flipping houses is exactly like you see on TV (insert sarcastic laugh).  We have made really good money on flips and get caught a couple times.  You don't want to lose on your first project so be picky.  It isn't a great market right now in GR or Holland for flips so be careful.  Muskegon on the other hand is hot!  It is what GR was 3 years ago.  But you have to know your neighborhoods.  

Anyway, good luck!  Let me know if I can help.  

@Charlie John Thanks for the reply!  I used those dates as I read someone else said they had good luck with homeowners that purchased 5-8 years ago.  But really no other reason but someone else is doing it.  On the 1998 build date, that doesn't mean that someone bought the house 18 years ago, that would only apply if the the owners are the original owners.  Right?  

I think I am caught in analysis paraylsis on this and keep second guessing myself.  I really appreciate your feedback!  Thanks !

@Mike Hicks Thanks for the kick, I need it!!!  Is listsource a good source for developing the lists?  Where else should I look?  

We are experienced landlords and have done a few flips.  We have never done direct marketing for properties but want to.  The more I read, the more I get confused. I realize there is no recipe / cook book for what will work.  This is the parameters I was searching in our desired area (using Listsource.com)

Specific County
30-100% equity
Last market sale date 4/26/08 - 4/26/2011
Year built 1950-1998
Exclued corporate owned

It stated there were 658 properties for my search.  That seems very small of a market.  With a company like yellowletterhq.com I could have all those properties recieve mail in the first day.  Right????  

My questions are : 

1) Is my criteria too specific?
2)  How many letters should I be sending out a day/week?  I know this is budget specific.  My goal is to close one property a month.  I have heard some spend on average about $750-$1000 per every deal they close.  

3)  How often should I send out to this each list?  1/month? 1/other month??
4) ANY advice that would help me launch my first campaign would be helpful.  My head is spinning!!!

Thanks!!!

Jeff

I am trying to get my head around using Virtual Assistants and need some advice.  We are looking to have Virtual Assistants handle the calls from leads, process the data into our spreadsheet then we would be able to process the leads from there.  However taking the call and getting the information is so important I just not sure a Virtual Assistant would be able to handle it. Also, since this is not 9-5pm job how do you pay someone that takes the calls?  Do you put any incentives for them to produce?  Would love to talk to someone that is doing this well.  Thanks!

For what it is worth.  I concur with @Account Closed above.  Go that route.

Good luck!

@Crystal Smith Thanks for the reply. Our ARV is based off from the recently sold comps. I haven't found Zillow to be very accurate on "for sale" properties but the "recently sold" properties I am wondering if those are accurate. Ideally I would use MLS to get the comps but if we are not going through a realtor for the purchase. If it is a property that we think we would use a realitor to sell for us once we rehab then I would contact one.

We love investing in Michigan. All our properties are in West Michigan.  But would look at deals on your side if they made sense.