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All Forum Posts by: Mark G.

Mark G. has started 4 posts and replied 20 times.

Post: QOTW: what’s the average cost per sqft to rehab?

Mark G.Posted
  • Miami, FL
  • Posts 20
  • Votes 11
Quote from @Bruce Woodruff:
Quote from @Sarah Hatton:

I just went through this post. When you're referring to $150 per square foot, you don't mean $150 per square foot for the entire home? For example, if the home is 1650 square feet, that would equal $247,500 of rehab which seems way off. You can easily get a full condo rehab in Miami, FL for $18 to $20 per square foot.

With your numbers, you're basically saying you would pay $525,000 to rehab a 3,500 squar foot place, which makes no sense at all.

As others have said the cost per square foot will vary depending on a few things...  asset type, total square footage, state/city, and also the level of rehab you're aiming for. When i'm underwriting a fix and flip deal I typically use $50 per square foot as a rule of thumb, leaving room for that number to go up or down depending on the factors. 


 Just curious...did you mean $150 SF ? If you can do any type of rehab for $50 SF, then I have a lot of work for you.....


@Kieron Osullivan Thanks! I just sent you a PM.

@Kieron Osullivan Thanks for sharing this, really insightful. I've been noticing their data is not up to date. Definitely gives me something to think about! Just curious do you find that accessing county records online through the county clerk website works just as well as going in person?

I appreciate your thoughts! That would be great if you can post the study here.

P.S what are your thoughts on PropertyRadar(I hear they do daily updates I dont know how true this is though) and Listsource by core logic(the site claims daily updates)? 

@Mya Toohey Thanks! Just out of curiosity, how many cold calls did you make, and were you able to close on any of them?

Post: Has anyone used AI Cold Callers?

Mark G.Posted
  • Miami, FL
  • Posts 20
  • Votes 11

Seems interesting run a split test see if it works out for you.

Post: Wholesaling Text Blasting

Mark G.Posted
  • Miami, FL
  • Posts 20
  • Votes 11

Quick rundown on text messaging rules 

Get Permission: You can’t text someone unless they’ve given explicit consent (like through an opt-in form).

Opt-Out: Always include an easy way for them to unsubscribe, like "Reply STOP to opt out."

No Spam: Don’t send unsolicited marketing messages. Only text if they’ve opted in.

Don’t Overdo It: Keep it respectful don’t flood them with texts.

Follow the Law: Make sure you're following the TCPA and any local rules to avoid fines.

Basically, get their okay first and always make it easy for them to stop hearing from you!

@Mya Toohey  Thanks! Regarding direct marketing, is that just mailers?
Regarding "We got 4 properties out of 300 mailers," that's awesome to hear! Are your mailers postcards or letters? Do you include a website on the mailer, or just a phone number for the seller to call?

P.S. What would you say your conversion rate is for cold calls alone? Also, how are you getting the leads via PropStream?

Thanks!

@Joel Bongco
Thanks for your insights, I just sent you a DM

What is the average conversion rate for cold calling using software like PropStream, specifically targeting probate, foreclosure, or tax delinquency leads? Additionally, how many calls does it typically take you to successfully close a deal using this approach? e.g close 2 out of 100 cold calls, 1 out of 1000?

Post: PropStream or PropertyRadar - Freshest Leads

Mark G.Posted
  • Miami, FL
  • Posts 20
  • Votes 11

@Jay Hinrichs  Why do you prefer PR over PS? Is there a particular reason?