All Forum Posts by: Kevin Scott

 Totally Agree with doing one thing, and my opinion on why (for those that would like a reason) is below.  You should decide what you want to do based off your financial and time situation and just do the one thing (possibly 2) but really no more than that.  It will get you bogged down and questioning everything.  The only reason I might throw in a second one is just so the person doesn't just feel they chose the wrong channel even when they all pretty much work.  (they might think that anyways with 2)

The Why:

The issue with doing more than 1 or especially more than 2 in the beginning is you don't have enough time or money to get enough volume or market saturation to reach any statistical signficance.   You will get a deal with enough marketing but you might not get there if you are spread thin without luck (positive side of variance).  

Basically doing larger numbers in one type of marketing gets you data faster that you can use to adjust based on your results.  Most people see this as more obvious in ppc etc but it works the same in everything else as well.

 Sorry for the late reply been on a couple trips and stayed offline at least less than usual.

All three work well. We have done a ton of mail and calling.  The door knocking for us is used on the realtor side and is more to get the know the neighborhoods but others I know that have used it for getting flips or wholesale deals say it works great.

As for which one is best I'd jump back to needing to know your financials/time restraints.  Calling is almost free, door knocking niche lists is pretty cheap but takes a lot of time.  Mail is expensive and you will have to outlay a lot of mail and money before getting a deal which might take several months to close (or you can get lucky too).  

For the flip side we currently still do mail (less though), less calling, reasonable amount of ppc and youtube videos.  The realtor side we are doing ppc and youtube paid videos.

I think market research isn't bad.  Though personally I'd want you to get your financials dialed in if they aren't already.  Get an idea of how much extra money you have available to put into the business consistently.  If you don't have any that is fine, but it's good to know where you are and what you can afford.  I am including figuring out your available time as well. Knowing how much time do you have available will be just as important.

Maybe you can cut a few things and create a budget for your business.  Your budget or lack of budget will probably have the biggest impact on how you move forward.  That is why I think you start there.

Once you have that figured you can make better decisions on your next steps.

Are you saying a flip in 1 day?  I've seen new houses built in 7 days from the day the foundation was cured but there was tons of planning which isn't counted.  Flips can be done pretty easily in 7 days if they are simple and as mentioned with planning or a templated plan 7 days is totally doable even for one that needs a ton of work.

That being said 1 day seems unrealistic unless they exclude a massive amount of planning before the project which maybe they are.    

We have 4 tickets left.  If anyone wants a last minute ticket or 2 let me know we can put your name on for will call.

It showed up as attending on my side.   Still a few more tickets left if anyone from the tacoma, lakewood pierce county or King County area and wants to come by.  They are limited but if you live somewhere near message me and I can see if anything is left.  We have a couple overflow as well.  

Well if it wasn't for those pesky cabinets it would have been 18 days :)   Glad to see you finally got on bigger pockets.

Join us for free food, drinks and fun at Cheney Stadium for our 4th annual Rainiers Game meetup. Have a great time talking real estate and other business ventures while watching the game.

As always there will be door prizes and more! --- 

Whether you are new or experienced, come join us. The smaller size of this venue makes meeting up easy. We will Be in the 1882 club again this year. Our section holds around 35-40 people so don't wait. Sign up here or contact us directly to let us know you are interested.

If your a wholesaler, private money, flipper, contractor or anyone else involved in real estate its a great time, but space is limited and everything is free so rsvp to get a spot.

If you are new and looking for some guidance its also a great place we will be there to answer any questions you may have in person.

If you are in Pierce County, Thurston County Or King County its a short drive.  If you are out of the area you are welcome to come as well just make sure to verify we get you on the list.

 Hey @Charles Bailey  Feel free to pm me, I'm alway open to a conversation.  I am not downplaying driving for dollars but the idea that no one has that list is simply what the gurus say or just incorrect.  I'm sure lamar isn't meaning it in the way it sounds, because its still useful for new investors to drive for dollars. He is right to say its a good thing to do. But realistically anyone pulling lists gets all the d4d houses on their list without having to drive around. (again its still good to do in the beginning)  there are situations where driving for dollars actually misses more houses than gets.  I am currently working on a deal that I would have missed driving.  

I literally have all the preforeclosures, tax delinquent, vacant d4d houses on every list I pull.  It is ok to separate them but if you are trying to really get going in this biz you should be trying to get a hold of all of them.  

If you are going to do d4d send me a message. I can probably save you a bunch of money on unneeded apps and skip tracing.  Our sources are good and we average a few cents per contact to get numbers using multiple sources.  Some are more some are less but the average will be in the 3 to 6 cent range on a large list.

 @Charles Bailey  Yes we have success with post cards.   If we are doing large volume we do them in house.  We have the equipment.  If we are doing smaller volume which is what we are doing currently we outsource to a couple different companies.