All Forum Posts by: Larry Flanagan

I primarily wholesale and this is the first time in a couple years that I have not had any pending deals; all I have at the moment is just a couple ice-cold leads. My latest absentee postcard mailing (3,000ish) went out about 3 weeks ago and I actually wonder if the order was fulfilled because my phone has basically been silent. Anybody else see similar action in their market right now?

Do you run into seasoning issues with this technique?

Is this an in-house receptionist or answering service? I have been contemplating an answering service recently because I have been getting lots of missed calls with no voicemails lately. What are the 5 questions? How many calls do you get per day typically?

Liabilities are $1,400/mo lease and $1,000/mo franchise fee. Revenues have increased steadily over the past four years from $140k to $175k.

I have a guy who basically wants to give me a franchise salon. Of course it makes no money. The gross revenues are about $150,000/yr, the net hovers around $0 plus or minus. Does anybody have experience owning something like this? I'm tempted to get involved just to see if I can drive revenues up - I enjoy marketing. But I'm also concerned it could be a total waste of time & effort.

In my market, to sell a $250k to $275k house, you have to pay $40k to $50k for the site. This drops the profit % down to about 10% which is just too risky for my blood. It sure doesnt take much in cost overruns or a soft market for 10% to turn into 0%.

Michael,

Have you studied the best/worst days for people to receive marketing materials in the mail?

I wholesale a lot of houses. A couple days ago I got an email from a guy I have sold a few rehabs to saying he has a rental property he wants to sell and if I know anyone who would want it. I said yes I know exactly the guy, I had lunch with him today. He says good I will have a key in a couple days and will be in touch. I talk to the buyer about it and he is very excited about the property. A couple days later the two randomly run into each other at another house I am wholesaling and put a deal together on the rental, sans me. I feel like I am getting shafted here, am I being unreasonable? What say you?

Wow that was over a year ago. Nothing new since then unfortunately. I almost financed a guy who wanted to buy a semi-truck, but at the end he thought I was going to be too expensive. I looked at a couple foreclosed car washes, but I think they failed because the locations were lousy. Looked at a couple 24hr fitness places but they barely broke even...

I'm confused...were people here expecting values to increase > inflation? Why should they?