Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
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: Justin McClelland

Justin McClelland has started 1 posts and replied 67 times.

Post: Houston BP networking event!

Justin McClellandPosted
  • Specialist
  • Chicago, IL
  • Posts 75
  • Votes 25

I'm interested.

Post: Looking for new ways to market my real estate listings.

Justin McClellandPosted
  • Specialist
  • Chicago, IL
  • Posts 75
  • Votes 25

Hey there Philip, it's always good to see another person in real estate with an IT background. Since you have that to your advantage, you can probably do a lot more than your competition in the way of marketing to the younger demographic (25-40 years old). And also, I imagine that people that are in your age bracket, are most likely going to be drawn to you as a client. At least it usually works out that way.

What I have in mind is mobile marketing. I'm an investor, however if I was a realtor in your situation I would focus on mobile marketing and also video content. A large majority of the younger demographic most definitely have smart phones. You can pretty much count on iPhone or Android.

Perhaps, slap a QR code on your yard signs and once the code is scanned, it takes the prospective buyer to a mobile-specific page about the property. And on that page is a featured video walk-through of the house where you're doing the walk-through and narrating the video pointing out all of the houses unique features. And the call to action on that mobile page can be a button that the user can click to text message you about more info, set an appointment, etc. And simultaneously, once that initial text is sent, that user is opted-in to a prospective buyer mobile phone marketing list, which you can drip content to.

Many future buyers drive neighborhoods on weekends to check out properties right? Well let that mobile component supplement the paper flyer in the box, which has been a standard for decades.

This is just one idea.

But I think this could help or at least inspire a different idea of your own.

Post: Power of Attorney Question

Justin McClellandPosted
  • Specialist
  • Chicago, IL
  • Posts 75
  • Votes 25

A POA can be very specific or very broad in it's language. Since it sounds like the one in question is very broad and open-ended date-wise, then it's not surprising that the Title Company wants to protect themselves and question it.

It could get approved, or not. I don't think any company is legally obligated to conduct any type of business transaction if they calculate the risk as too high. You could perhaps use a different Title Company that doesn't have a problem with the current POA.

Post: Blogging

Justin McClellandPosted
  • Specialist
  • Chicago, IL
  • Posts 75
  • Votes 25

Gary, you could sprinkle in some articles that are tangent to your main objective, but I'd suggest tying it all together somehow. When you blog about whatever, you should always ask yourself. "If I was the motivated seller, why would I read this?"

If you have a writer's block, it would be better to not write at all versus throwing up some content that's mediocre or worse, just for the sake of having content. Keep notes throughout the week about what questions you get asked most often, or a problem that property owners in your owner face often. These can be your blog topics. You want to aim to write blog posts that are so informative/beneficial that the reader will want to share it with someone else they know who they think it could benefit. Think about the times when you read a blog post and you emailed it to a friend, or shared it on Facebook, etc. It was really good content wasn't it?

That's the level of quality you should aim for.

And as far as outsourcing your writing. I'd strongly advise against that. You're not going to get someone who's going to be reasonably priced to write good content for you. You'll most likely get someone who's cheap and horrible. Or someone who's really good and very expensive. You'd be better-off just carving an afternoon aside each week to write (perhaps longer). The bloggers with the best content on the web, typically spend a sum of 8 hours writing each post. That may sound like a lot, but that's the time commitment it usually takes for the best content. And that time commitment can be broken up over multiple days of course.

And regarding post length, shorter is better. As concise as you can be. Don't make a post long just for the sake of word count.

Hope this helps.

Post: Books or information on wholesaling

Justin McClellandPosted
  • Specialist
  • Chicago, IL
  • Posts 75
  • Votes 25

Well, this BP site has quite the catalogue of information about wholesaling. But if you're looking for more, there are a handful of ebooks and tangible books about it. And even a ton of YouTube videos.

I personally first read about wholesaling via Preston Ely's wholesaling ebook "Flip Your Way to Financial Freedom". It's a good ebook.

Post: Is the IRS going to kill me for this?

Justin McClellandPosted
  • Specialist
  • Chicago, IL
  • Posts 75
  • Votes 25

Deshone Drummond, I'm just going to throw in my two cents about your squeeze page.

It doesn't really matter what people here on BP say about it. The copy might be considered aggressive/obnoxious to some but if it works for you and churns out leads, then cool. It's up to you do your own (split) testing of your marketing and run with what works.

It just kind of irritates me when folks balk at out-of-box approaches. I guess you should do the opposite and 'blend-in' with all the other marketers huh...

Post: Do you get a business license with LLC?

Justin McClellandPosted
  • Specialist
  • Chicago, IL
  • Posts 75
  • Votes 25

I've had LLC's in multiple states and I'm fairly certain that you will not get a license with the LLC you file. These will be two separate applications. You'll apply for your LLC thru your states' 'Secretary of State' and you'll apply for whatever license you need thru your states' 'Department of Regulation'.

Post: What kind of letter should I send...

Justin McClellandPosted
  • Specialist
  • Chicago, IL
  • Posts 75
  • Votes 25

I don't quite understand why you wouldn't include your phone number...make it convenient for the person to reach you. And yes, include the tree.

However I'd suggest stating facts about the property that are costing the homeowner money WITHOUT coming across as an irritated neighbor. Your message may be disregarded completely if it seems to only be full of complaints.

Post: Finding QUALIFIED investors seeking bird dogs

Justin McClellandPosted
  • Specialist
  • Chicago, IL
  • Posts 75
  • Votes 25

To find the investors who may use your birddog service, you can go at it in a few ways.

Craigslist - Most investors that have a property for sale on this site may just use the phrases, "recently rehabbed", "cash buyer", etc. So search CL for these terms in your target area.

MLS - Have a realtor produce a MS-Excel report for you which lists all of the properties that have sold via the MLS for cash in your target area in the last 90 days. Most cash sales are done by investors. This report will give you a list of who has been buying with cash, what their mailing address is, who their realtor was on the transaction, and that realtors contact info.

Google - Search for "cityname real estate wholesale" or "city sell house fast". Chances are you'll stumble upon a website or three that are lead capture sites of wholesalers. If there's a phone number call them up.

These are just a few methods, however you track them down. When you contact them, just ask where they prefer to buy and what their criteria is. Find out what makes a good deal to them. Then you'll know where to start searching for properties and where to turn once you find a good one.

Hope this helps.

Post: What kind of letter should I send...

Justin McClellandPosted
  • Specialist
  • Chicago, IL
  • Posts 75
  • Votes 25

I agree with Jerry Puckett, and would add that you should hand write this letter versus type it. In addition to making an offer to buy it, use some pain triggers.

Tell that you've noticed that it's been vacant for X months, note that the city would fine him X amount trash removal lien and weed liens. Perhaps, lookup to see if it's current on it's taxes. If it isn't let him/her know that you know. Basically, try to state that your offer to buy is the 'solution' to the owner's problem property which is draining him/her of money as time drags on.