All Forum Posts by: Justin Silverio

@Kong Yong you can also pull some lists from Invelo. We have a partnership with BP so you can get access for free. https://inveloapp.com/bigger-pockets

Let me know if you have any questions. I'm happy to help.

@Sandeep Dhall we are releasing a v2 of our list builder in the next month that will offer many more advanced filters in the list builder and a new look so you can search by individual properties and run comps.

For MLS - yes, you are going to find data here that is not 100% accurate. Failed listings could mean canceled listings, expired listings, or where there have been no updates to a listing for X period of time and they just move them to failed.

Equity could be calculated based on FMV - original mortgage OR FMV - estimated current mortgage amount.

Always happy to help. Data is something that I love educating investors on because it's a vital part of their business to understand the intricacies. 

@Farid Ayoubzadeh I would also recommend that you try Invelo. Some features include: list building, a CRM, marketing, task management, and much more. We have a partnership with BP so you can get access for free to try it out. https://inveloapp.com/bigger-pockets

Let me know if you have any questions. 

@Sandeep Dhall I'm curious what you mean by bad data. 

Here's an inside scoop:

- Assessor data - Generally, most platforms get their data from the same or very similar data aggregators. The data aggregators get their data from local assessors so the risk is that the assessor is not updating their information timely. 

- MLS data - This is challenging to get now that the MLS has cracked down on offering it to non-MLS platforms. Therefore, most use third parties to get this.

- Specialty data - Preforeclosure, tax liens, evictions, etc. are always lagging data. Again, this info is received when recorded so it's not always timely. I always recommend that investors get this info from the county departments to get the most up-to-date info.

I hope this helps. You may always want to try Invelo for data. We have a partnership with BP so you can get access for free to try it out. - https://inveloapp.com/bigger-pockets

@Ryan Karel you should give Invelo a try. We have a partnership with BP so you can start off with a free plan. We offer list building, CRM, marketing, skip tracing, and a lot more. You can sign up here - https://inveloapp.com/bigger-pockets

Feel free to let me know if you have any questions.

@Marcos Altamirano Toriz many BP members have been jumping on Invelo. We have a partnership with BP so you can start off with a free plan and move on from there. You can sign up here - https://inveloapp.com/bigger-pockets

If you have any questions, feel free to let me know. 

@Eric Armstrong BP has a partnership with Invelo, which has list building, CRM, and marketing all in one. You can get access for free with a BP Pro plan to try it out. https://inveloapp.com/bigger-pockets/

As for straight mail houses, you can check out Open Letter Marketing. We offer free coaching to help you with strategy as well.

@Kyle Geoghagan you can check out Invelo for free. We have a partnership with BP - https://inveloapp.com/bigger-pockets. We refresh our data daily so we are most up-to-date. 

For marketing, I don't think you should focus on what works the best because that is very subjective. When starting out, I would rather you focus on a marketing approach that you will be consistent with for 5-6 months. This will ensure the highest probability of success for you. Also, as a direct mail "expert", I would say that direct mail works well when done properly. I don't recommend that investors send mail to everyone, but really hone in on their best quality prospects to send direct mail to.

Let me know if you have any questions. I'm always happy to help.

@Daniel Gonzalez you can also try Invelo. We refresh our data daily so we are always up to date. Also, you can get access for free with our partnership with BiggerPockets - https://inveloapp.com/bigger-pockets

If you are already using GHL, then you could use Inveloto:

- pull your lists using it's list builder feature
- import any of your third party lists into the platform
- manage your prospects, list stack, and filter for top quality prospects
- market to prospects within Invelo OR integrate into GHL to push properties over

Let me know if you have any questions. I'm always happy to help.

@Jacob Cuellar I would start by thinking about what form of marketing you can consistently do for 5-6 months. Most all marketing approaches work but the #1 most important thing is that you need to be consistent. I generally think about this from the perspective of time vs. money. If you have more time than money, do cold calling, door knocking, etc. If you have more money than time, o direct mail, PPC, etc.

Whatever you choose, be consistent. 

From there, you can source prospects lists from data providers and through manual sources. Here are some lists you can pull from data providers:

- Absentee, Equity, Related party, Trust, Preforeclosure, Vacants, Deceased

Here are some manual lists you can pull from your county:

- Tax liens, Fire houses, Evictions

I would recommend you pull some of the above lists, identify which properties are on multiple lists and start hitting those properties.