Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: John Mucilli

John Mucilli has started 22 posts and replied 94 times.

Post: Who is really successfully using DealMachine?

John MucilliPosted
  • Investor
  • Yonkers, NY
  • Posts 101
  • Votes 44
Quote from @Justin Stamper:

Great marketing, poor software. Better off using a mix of like mapdriven with a good CRM and skip trace company and separate mailer company. Happy to send recs in my DM


 Justin, what software are you using these days?

Post: Who is really successfully using DealMachine?

John MucilliPosted
  • Investor
  • Yonkers, NY
  • Posts 101
  • Votes 44
Quote from @Brian Piechocki:

Anyone with a different experience more recently? I noticed most of the posts are 3 years old. 


 They have updated the software over time. In my opinion it's not the all in one solution I wish it was. I think it's great for tagging properties and finding owner data on the fly, but I still prefer getting my working leads into another CRM. If I was bulk mailing I wouldn't be doing it through the app either. 

Post: Who is really successfully using DealMachine?

John MucilliPosted
  • Investor
  • Yonkers, NY
  • Posts 101
  • Votes 44

Are you saving your leads in a different CRM? I do enjoy the interface and their ability to show owner data without having to skiptrace. It's a valuable tool if you are using it. @Ron Singleton

Post: Is there systems out there to cold call?

John MucilliPosted
  • Investor
  • Yonkers, NY
  • Posts 101
  • Votes 44
Quote from @Jerryll Noorden:
Quote from @John Mucilli:
Quote from @Jerryll Noorden:

You need to start from the beginning.

What you are doing is  saddling a turtle, and asking people, what to do to make him run faster because you need to go from point A to B fast.

Then you get answers like,  feed him turtle food, make him exercise.. etc. etc.

the correct answer would be, don't saddle a turtle, saddle a rabbit. Or even better, get in a rocket car and launch off right?

WHY cold calling? WHY a list?

Lists DO NOT get you motivated sellers. Completely wrong. EVERYONE is doing it wrong.

Scrap the list. Do Facebook marketing, PPC, SEO.


Jerryll, 

Although there is no doubt that marketing in a way that brings sellers to you - as they have searched for you, is the best form of marketing, you can’t say that a list and cold calling is wrong. 
Many sellers and buyers “do not know” what they want. Some sellers are unsure what they want to do, and have not searched. They need to be prompted. Some buyers are not ready to purchase, until it is put in front of them. 

Sure your method is, the best, in my opinion. But you can’t say that soliciting business is wrong.


 Correct. 

But allow me for a sec. Let me see if I can change your mindset a tad when it comes to lead generation.

You were talking about people that don't really know what they want right?  Do you know what we call these people? Anything BUT motivated sellers.

I can give you mathematical proof why I say lists do not work.

Check this out...

Your success in this space is based on your ability to find motivated sellers, right? MOTIVATED sellers... yet you (generic you), are relying on systems with a LESS THAN 3% success rate to find motivated sellers. In other words, your success is dependent on systems with a less than 3% success rate.

How many calls do you need to make to get one contract signed? Well, there you go!

You need to focus on motivated sellers. Let me give you an example.

Someone has started a new website platform and they continuously market and boast how awesome their features are. One of these features is anyone that visits their website and bounces, the website will automatically skip trace that contact.

I am sitting here in utter disbelief. For Pete's sake.. no no no no no nooooooo. They just don't get it!

Do you know what the point of a website is? Your website is a filter. 

The job of your website is to filter out tire kickers, and people that want market value and people that don't really want to sell and ONLY let through people that are willing to sell their house below market value.

THAT is the ACTUAL point. The fact someone bounces from your website, (when they are not motivated) is a GOOD thing. You do NOT want to be dealing with those people. Waste of time effort and resources.

But here they are bragging that the website will find them and now you go haggle them and harass them to sell their house. If they wanted to sell, they would have filled in your form.

Do you see my point?

People do not understand motivated seller lead generation. The point of lead generation is not to find as many people as possible. Marketing is about finding as many people that are motivated as possible.

That is why I say what I say. Hope this changes your point of view a bit.

If you can only handle 100 leads, don't you rather only deal with  100 motivated sellers? That is why I pass on the non motivated sellers and exchange them for motivated selelrs to purify these 100 spaces I have with as many motivated seller leads as possible. That is how you should see it...

but what most people see is this.. I want ALL leads, sure, 100 motivated seller leads is great but why not add 500 more leads even if they are not motivated, and now you have to deal with 600 leads and a ton of the motivated seller leads fall through the cracks because you only realistically can handle 100. Get it?

(NO ONE can handle an unlimited amount of leads, no one).


 I see what you mean. Although someone MAY sell to you in time, or POSSIBLY purchase your product - you're not looking to deal with these people. You don't want to waste your time "selling" or "pitching" them. You're looking to deal with people that most definitely WANT to sell, and sell NOW. 

Post: Is there systems out there to cold call?

John MucilliPosted
  • Investor
  • Yonkers, NY
  • Posts 101
  • Votes 44
Quote from @Jerryll Noorden:

You need to start from the beginning.

What you are doing is  saddling a turtle, and asking people, what to do to make him run faster because you need to go from point A to B fast.

Then you get answers like,  feed him turtle food, make him exercise.. etc. etc.

the correct answer would be, don't saddle a turtle, saddle a rabbit. Or even better, get in a rocket car and launch off right?

WHY cold calling? WHY a list?

Lists DO NOT get you motivated sellers. Completely wrong. EVERYONE is doing it wrong.

Scrap the list. Do Facebook marketing, PPC, SEO.


Jerryll, 

Although there is no doubt that marketing in a way that brings sellers to you - as they have searched for you, is the best form of marketing, you can’t say that a list and cold calling is wrong. 
Many sellers and buyers “do not know” what they want. Some sellers are unsure what they want to do, and have not searched. They need to be prompted. Some buyers are not ready to purchase, until it is put in front of them. 

Sure your method is, the best, in my opinion. But you can’t say that soliciting business is wrong.

Post: Westchester NY contracters for a BRRRR

John MucilliPosted
  • Investor
  • Yonkers, NY
  • Posts 101
  • Votes 44

Where are you getting properties in Westchester that you're finding margins to BRRRR?

Let's connect.

Post: How did you get started building new construction?

John MucilliPosted
  • Investor
  • Yonkers, NY
  • Posts 101
  • Votes 44

*This post is geared towards investors who were not contractors or in the business of building already and more so investors who were doing standard rehabs/flips*

I am in an expensive, very hot market just north of NYC. I have been leaning toward the idea of seeking out buildable lots rather than distressed houses, with the intention of doing a new build on the land. My experience so far is only with purchasing and rehabbing houses. 

What steps did you take, and lessons did you learn when getting into building new construction? It seems like its a big step up with a lot of moving parts.

I imagine some important aspects are:

- Getting the land at the right price and knowing zoning law in that area

- Performing an analysis of new build/gut reno comps, find an ARV which factors in the price of land and sq/ft build price - bringing them together at a number that works for a particular profit margin

- Seek out contractors who are focused on new builds, locking in a contract price that works with said analysis 

- Managing the contractor is on track with the build and within budget..

Hoping to get some great feedback and detailed stories from some of you who have been in my shoes!

Post: How did you “jump in” to out of state investing?

John MucilliPosted
  • Investor
  • Yonkers, NY
  • Posts 101
  • Votes 44

I have been very interested in the idea of remote investing out of state, as I am in the New York metro area, and opportunity is both more more affordable and abundant elsewhere.

I’ve spent the last two years reading, learning, watching videos and following people who buy out of state and complete renos, flip properties and turn them into STRs - all without ever visiting the properties.

I feel I have the knowledge, technological and communicative skills to do this, yet I haven’t gotten started.

I would love to hear some personal stories and get advice from people who were once in this “analysis by paralysis” stage, and how they finally jumped in, got started and became successful.

Post: Remote Investing - How did you get started?

John MucilliPosted
  • Investor
  • Yonkers, NY
  • Posts 101
  • Votes 44
Quote from @John Farkas:

I got started remote investing by doing research on the internet. I have been able to buy several off plan condos in different countries. I own zero real estate in the US. So far so good and no major problems.


 Wow, out of the country? What made you go in that direction?

Post: NYC Out of State Investors

John MucilliPosted
  • Investor
  • Yonkers, NY
  • Posts 101
  • Votes 44

I’m in Westchester also interested in remote investing OOS. Following!