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All Forum Posts by: Mallie Messri

Mallie Messri has started 6 posts and replied 102 times.

Post: Effectively using wholesalers

Mallie MessriPosted
  • Wholesaler
  • Los Angeles, CA
  • Posts 114
  • Votes 46

Hey @David Karnes, congrats on beginning your investing journey in Chattanooga. If you're looking for deals your best best would be not only to look for wholesalers but to also work on building relationships with other professionals in the industry. Property Managers, Realtors, Lenders, Contractors, Builders, and other Investors can pass you valuable leads as well. It would do you no harm to sign up for newsletters or email lists, you may even consider creating a separate email just for that as you'll likely get daily emails. It's your job to sift through the all the emails of deals until you find the best deal that makes the most sense. In my opinion it's every investors sole responsibility to determine ARV and repairs on the property in question for themselves. The wholesaler or person who's passing on the lead is probably making an estimate based on their best knowledge but no one will know what your contractor would charge and what the plans for the property are better than you. Eventually after working in the market awhile you should be able to identify your most valuable team players that are going to provide you accurate and crucial information. I know a few people who have been in the market for a while and who I would pretty much call experts on pricing and other important buying factors, would be happy to make a connection! In the end of the day it only helps you to build as many relationships that you can as a new investor and you can fine tune those later on down the road, your goal is to look at as many deals as possible til you find the right buy!

Post: Multi-family market in Knoxville

Mallie MessriPosted
  • Wholesaler
  • Los Angeles, CA
  • Posts 114
  • Votes 46

@Jeffrey Holst Was actually just telling a friend how you are the real deal! Thanks for the kind words :) 

Post: Multi-family market in Knoxville

Mallie MessriPosted
  • Wholesaler
  • Los Angeles, CA
  • Posts 114
  • Votes 46

Hey @Steve Kontos, we have been wholesaling in Chattanooga for about a year now and are moving into the Knoxville market as well next month. I'd be happy to connect with you as a potential buyer for properties but I have also been building some valuable relationships in preparation to enter the market and would be happy to share with you any referrals you may need. Feel free to message me and we can get in touch!

Post: Almost BRRRR: following up on my second deal

Mallie MessriPosted
  • Wholesaler
  • Los Angeles, CA
  • Posts 114
  • Votes 46

That's phenomenal! Look at how much you learned, and at the end of the day YOU DID YOUR FIRST DEAL!

@Marky Suazo

Post: Best way to find Long Term Lead Generators?

Mallie MessriPosted
  • Wholesaler
  • Los Angeles, CA
  • Posts 114
  • Votes 46

@Jerryll Noorden You're awesome! I appreciate all the advice! We are just few days away from hiring 2 VA's and I'm super excited to start growing this way. It's a learning game and even if they aren't phenomenal we can learn from bad hires too!

We're trying :) Lol thank you! Take care and best of luck to you!

Post: Wholesaling Real Estate

Mallie MessriPosted
  • Wholesaler
  • Los Angeles, CA
  • Posts 114
  • Votes 46

Hey @Austin Schlangen Always happy to help and share words from my experience. Been wholesaling for 3 years and we've been in Chattanooga for the last year. Feel free to message me!

Post: First Time Home-Buyer/Investing Out-Of-State

Mallie MessriPosted
  • Wholesaler
  • Los Angeles, CA
  • Posts 114
  • Votes 46

Hey! @Account Closed We have been wholesaling in Chattanooga from LA for the past year and I'm a realtor myself :) Would be happy to talk to you about anything you want to know about Chattanooga and surrounding markets! Feel free to message me!

Post: Assignment contracts in Tennessee

Mallie MessriPosted
  • Wholesaler
  • Los Angeles, CA
  • Posts 114
  • Votes 46

@Colin Spivey I sent you a private message :)

Post: Best way to find Long Term Lead Generators?

Mallie MessriPosted
  • Wholesaler
  • Los Angeles, CA
  • Posts 114
  • Votes 46

Hey! @Jerryll Noorden I didn't even see that you had responded! Thanks for the lengthy response as always :)

Ha! I love that, super smart and it's outsourced now. Does that same VA do the hiring for the new recruits or manage the current ones in any way?

I would have to agree with that, I'm finding that the most important thing when it comes to a VA is not necessarily experience or skill but willingness to grow, coachability and personality. You can mold someone into a rockstar as long as they're willing to learn and become that person.

Yup we've definitely had the SEO conversation and I still agree with you. I know it's super important to start investing into our branding and build our reputation more. We've focused so heavily on just acquiring new deals and on the cold calling front that the SEO and brand building has fell to the wayside although we have enough of a site to keep seller's satisfied when they visit. Right now we're working on expanding our cold calling team with the help of VA's and plan on creating a VA chain to manage that entire force. Sounds like the opposite of what you're suggesting which is to focus on FB Ads and PPC first then market on the phones. The way we decided to build this way was because we didn't generate enough income (close enough deals) in the beginning to invest money into PPC or FB ads and we had done all of our deals over the phone. When we moved markets from LA to Tennessee we continued those efforts and saw triple the results. That is NOT to say that PPC and FB Ads or SEO couldn't be total goldmines as well in our market, I actually know of a few people killing it using those systems.

However we'll still need people to answer those phones or inbound messages. Right now we're finding that there's only so much our team of 3 can handle, with one partner focused mainly on acquisitions and HR, the other on acquisitions as well as system implementing, list pulling and all the technical stuff and myself in the full time dispositions role (plus two lead generators) we need more people on our team to qualify and close these leads. That of course will take time and implementing the right people, I don't want just anyone talking to our leads. Eventually we'll move our VA's to the junior acquisitions role and them potentially to the senior acquisitions role. Or like you said pay someone a great salar who's a rock star! In my opinion that person would be a killer on the phone, great at sales and negotiation, experienced in real estate sales, super personable and is even better at closing our deals than we are. All that said, that's just the cold calling system and team we want. SEO, PPC and FB can all be done through VA's as well in a different more technical role.

We eventually do want to have a fully paid staff down to the very least significant role and we do want to have people that will be working with us for years and can grow within our company. I know we'll always have turn over but I want to limit that as much as possible by choosing the right people (the best we can). I believe that comes with time and experience hiring the wrong people until you realize the qualities you actually need in a long term team member. 

Fully agree on having a well lubricated machine! It's a systems business and can be fully automated with the right systems in place. I love the the desire to strive for a perfect system driven machine, I don't know if we'll ever have it all the way at 100% but if we can be at 95% I'll take it. 

Thank you for the reminder and the great advice! We'll certainly be tapping into the online marketing game this year with the help of our 4 cold callers we'll soon be able to invest a decent amount into long term SEO and in quicker returns like PPC and FB. Actually super excited for this and can't wait to start building our brand and content, it's one of my favorite parts of the business!

Post: Newbie from Chatt TN. Looking to build network. What's your WHY?

Mallie MessriPosted
  • Wholesaler
  • Los Angeles, CA
  • Posts 114
  • Votes 46

I had to hop on this! I love that we're not only talking about real estate :)

1. The bigger picture is always something I refer to, to keep me motivated. Knowing why I am doing this in the first place and also remembering to enjoy the now because I'm not in real estate only to get to an end goal. Thankfully and by design I enjoy what I do daily but when times are tough, I remember who for and why I chose real estate in the first place.

2. I would have to say network! Being able to utilize others skills and knowledge toward your advantage so you can achieve your goals faster and easier. There was this seminar we use to attend and the host always started the meeting out saying "Your Network is your Net Worth". Not only do I agree with that wholeheartedly but it's also so much more fulfilling to do this business with others and have you all flourish together.

3. ANIMALS! Lol big time! I want a shelter with acres of property for all types of rescued animals and I would love to travel the world with all the generated income from real estate to help rebuild communities and rescue animals! 

Looking forward to hearing everyone else's :)