All Forum Posts by: J. R. Crowell

Thanks for the input, Abel. I will check those out for local meet ups. I was hoping to find some more conference style recommendations too, with another goal being networking with like minded investors. I invest out of my local market too and like to get a feel for market conditions as a whole, say for multi-family where we may not be neighborhood specific like SFR.

Thanks again for the response!

In light of the ever changing market, I'm looking to add a few more conferences, meetups, and real estate forums to my travel this year.  Hoping to find some that are geared around "state of the market", strategies, and a crowd of attendees looking to sharpen each other.  

Obviously, BPCON, but I would like to do several throughout the year leading up to BPCON. I've considered IMN's Middle Market Multifamily, MultiFamily Live, and IMN's SFR rental forum.

Any other recommendations out there? Open to local meet ups too!

@Collin Hays I agree.  With the right combination of resources and skillset, you can exponentially compound your growth. @John Underwood I can also get in this camp depending on the deal/business in question. That's the beauty of the REI world: lone wolf or pack mentality, there is a lane for you.

In an effort to always grow our knowledge bank and sharpen our investor skills, I would love to get a discussion going on different partnership structures for an STR.

What are different ways you have partnered with other investors on your STR investments? Maybe someone brought the capital and you brought the sweat equity? Partner bought the property and you arbitraged? How did you determine the profit split on a co-owner property? How did you find your partner?

Hi @Candice Hay! Welcome to the BP Community!  I'm an investor based out of Brandon. We purchase across the Jackson Metro and the Birmingham AL metro area.  My office is in downtown Brandon.  Would love for you to stop by one day and meet the team and see if we could work some deals together. I'll DM you my contact info for the next time you are in the area. 

Regards, 

J.R.

@Michael K Gallagher thanks for that detailed and thoughtful response.  I've used Monday in the past, but not extensively.  I really like the idea of adding in vendor relationships. We are currently using a robust build out of ClickUp and have done some similar vendor integrations for cash buyers, title companies, private investors, etc. I'll add Monday to my short list of solutions. 

Hey BP!  I'm looking for input on managing marketing lists. 

I'm searching for a better solution for our data management as it pertains to mailer lists, cold call lists, etc.  We have tried the well known CRMs and they are all GREAT for keeping track of leads once you have made contact. We have built a process software internally that excels at deal flow management, but I'm lacking on the "pre-deal" data management.

I'm looking for a solution to help track all of our bulk mail and cold call lists that have not been contacted or touched since the first mailer or call. I would like to be able to track and filter down bad addresses, bad phone numbers, incorrect owner name, etc. 

• Is anyone aware of a solution like that currently on the market? If so, what is your experience with said solution?

• What are all of you using to track your bulk mail and cold call lists? 

• Software or human driven, what systems are you using that make your day easier in regards to lead management?

Looking forward to an education forum discussion for all of us. 

Hey BP,

I’m wanting to do a very specific mail out to one neighborhood. I’m familiar(ish) with listability for pulling bulk lists and I’ve looked into the USPS EDDM for route mailing. From what I can see, EDDM addresses “to current resident” to the houses on that route. Listability allows me to pull zip codes with owner specific data but I don’t know if it’s possible to pull just a neighborhood or route.

I want to select a certain mail route or neighborhood and then mail directly to the owner of the property on that route. I also need to have the owner of record’s name for our mail piece.

What software and lists sources do you recommend I look into to accomplish this?

Thanks in advance!

J.R.

@Mark Roberts the tax web can be confusing. I'm no tax coach which is why I sought out one in my market with a healthy dose of knowledge and wisdom for the Real Estate investing world.  Before I did that, though, I read two books to get my head in the right space to ask the right questions.  I recommend the following to get your thoughts pointed in the right direction:

https://store.biggerpockets.co...

https://www.amazon.com/Tax-Fre...

BP has another tax strategy book that I have not read.  I can't provide a review, but I can only imagine it's full of solid advice just like the other books:

https://get.biggerpockets.com/...

@Jonathan Greene I 100% agree with most all of what you have posted:

- To add value to the end buyer, you need to have a thorough knowledge of ARV and need to be an expert on estimating rehab numbers.

- For sure have the funds (or access to them) to take the deal down on your own.

- Honesty and I would add to that leadership and integrity. The “good ones” look for the situations where they are truly the best option for the seller. If they aren’t the best option, the good wholesalers know when to walk away and refer the elder to the best option. When the wholesaler is in front of the seller they got to the table by grit and determination to help that person. At that point, there is a level of trust between seller and wholesaler. It’s the wholesaler’s responsibility to lead that seller through the process to the best outcome and help navigate any turbulent paths.

- Background: this is the only comment I take small issue with. I would counter and say if I’ve never been in Real Estate, how can I be a Real Estate Agent? If I’ve never been in plumbing, how can I be a master plumber?

For the aspiring agent, you find a broker, go through the steps, and start to learn the business. For an aspiring plumber, you get in the trenches with a current plumber and become an apprentice, maybe go to trade school. For the wholesaler, you get around other real estate professionals, pay them to do ride alongs, study and attend classes (I’m treading cautiously with that “classes” comment), network with agents to learn that side and see how you can all mesh together in the process.

My point being, we all go into a new industry with limited knowledge. We have to start somewhere. I’m thankful for the BP community and how it strives to help and push each other with discussions like this. Iron sharpens iron. Happy to have connected with you, Jonathan. All the best.