All Forum Posts by: Jose Jacob

Hello BP Community!

I really need help with this! I attached a picture below. The cracks are on the soap holder portion of the bathtub. It is a one piece bathtub located on the second floor. It was installed by the builder prior to building the bathroom.

Can this be fixed? I am worried that it could cause leaks down the road. Any assistance you can provide would be greatly appreciated!

What do you folks think are the best up and coming neighborhoods or zips in Philly and Montco to look for good Rehabs/Flips?

We built our business solely off of cold calling Driving For Dollars leads using Deal Machine. We only stopped doing that last year because we were tired of driving for nearly 4 years straight lol. 

But it works. I am living proof. The problem is not your data, the problem is your marketing efforts. Anyone can pull a list or drive for a list, hit it one time, and consider it "exhausted." But the truth is that the data is nowhere near exhausted. You just don't have the proper insight into your data to determine how to get in touch with your prospects. 

We still cold call for 100% of our deals today, and will do about $1M in assignment fees this year. 100% of our deals come from manually pulling our own data. And I'd venture to say that 90-95% of all those deals would qualify as great Driving For Dollars leads based on their physically distressed appearance. 

For those who tell you the only way to wholesale today is to do it with PPC, I would say that's highly incorrect. Sellers don't need to find you first. If you master the ability of finding sellers faster than your competitors when their problems arise, you will consistently win deals. 

Hey Jose, I use Quickbooks and had my accountant set up different reports and jobs for each property that I'm working on. I categorize all my spending into each job and it makes it pretty simple. If you could find a good accountant, I'm sure they could set it up for you. 

It is very sinple.

Nothing can target motivated selelrs. NOTHING can. The ONLY way to get in touch with them is when THEY find YOU!

Everyone thinks that foreclosures, tax liens or ANY reason to be in distress implies motivation. That is 100% bollocks! 

If all these people on these lists were motivated why does it take you 3000 mailers calls or texts to get you one contract signed?

It is all a lie!

Stop doing these things and just use common sense and the answer is extremely easy. Focus on credibility, focus on value and construct an accurate avatar of what a motivated seller is, and once you do this the answers will be right in front of you.

@William Hawthorne  ask away...

1. Should I speak with cash buyer/housing developer or the seller first.  Always the seller first.

2. What is a respectable commission for wholesaling land.  It's all negotiable, but around $5-10K

3. When should I send contracts to seller and cash buyer.  To seller first to lock up the property and then the buyer when they agree to buy

4. Do I have to pay for an attorney.  Not in California if you know what you are doing.

Good Investing...

Hello BP community,

I recently got a Propstream subscription, and pulled some interesting lists in my County. Like - Pre-foreclosures, High equity, Tired Landlords, Tax delinquency etc. 

Then, I used Skiptrix to skiptrace all the properties to find their owner's information. 

Now, I have the list of all properties with the owner's contact information. I'm confused as to what to do next. I have a VA who's ready to do the cold-calling for us, but I have some questions:

1. Should I be giving the script to my VA for each type of list?

2. How should the offer be? Like, for example, I saw a property with the following details:
    owner: is not living
    occupancy status: empty
    the owner has high equity
    property value: $306,000
    equity: $190,000
    loan balance: $115,000

like in this case, how much will I be buying this property for? What can be his motivation to sell the property to me?

I'm just beginning to look into off-market deals, and have the first step done: getting the off-market lists ready. Now, stepping into the cold calling phase (step:2), so if any of you have any scripts or any reference materials or docs that you have that would be helpful. 

Thanks in advance.