All Forum Posts by: Account Closed

@Tina Tsysh just checked a few random numbers I texted and they're all on that list. 😵

@Tina Tsysh Do you know of any fast ways of checking if numbers are on that list?

I've gotten all of my deals from cold calling. Lately however I noticed that they're coming from text messages so I decided to start sending text blasts a few days ago. I've been sending around 300 per day. Most of the responses just say "No" or "wrong number" but some people are actually really angry. People say I'm harassing them and one woman said she was going to report me to the DRE. On the flip side I've been getting far more leads doing this than I was from just cold calling. I know its really annoying to get unwanted texts but it's just so tempting to send them because of the leads I'm getting. Still I'm honestly worried about the legality of this and that someone is eventually going to do something. Today a colleague of mine said it was "illegal" and that the "feds were going to show up at my door" and that I might "go to jail". That seemed pretty exaggerated to me but what do you think? Beyond being illegal is it just going to make everyone hate me?

I've been cold calling homeowners with Property Radar for about 1.5 years. So far its gone fairly well. Lately however I've been thinking about how I could improve the process. Property Radar is good but its sort of slow. I was using Mojo triple line dialer for a few months which actually worked pretty well but I thought it was too expensive to have to keep pulling new lists for it. I also didn't like how I couldn't easily shift the criteria I was calling like with Property Radar. We breifly hired a caller living outside the country and that didn't go well. I'm looking for advice from other people who cold call heavily as their main way of getting business. What do you think is the most effective way to do this? Is it worth it just to pull lists and put them in an auto dialer? For reference my property radar sub is around $950 a year.

I've been cold calling homeowners with Property Radar for about 1.5 years. So far its gone fairly well. Lately however I've been thinking about how I could improve the process. Property Radar is good but its sort of slow. I was using Mojo triple line dialer for a few months which actually worked pretty well but I thought it was too expensive to have to keep pulling new lists for it. I also didn't like how I couldn't easily shift the criteria I was calling like with Property Radar. We breifly hired a caller living outside the country and that didn't go well. I'm looking for advice from other people who cold call heavily as their main way of getting business. What do you think is the most effective way to do this? Is it worth it just to pull lists and put them in an auto dialer? For reference my property radar sub is around $950 a year.

@Darius Ogloza Yes. I'm very familiar with low ball cash offers. I started off wholesaling to flippers that wanted ridiculously low prices. This builder client can absolutely pay market value in most cases. Maybe when I open the call with "would you consider a cash offer for your property?" I sound like every other so and so buys houses. Will definitely try to quickly relay that the offer will be market value.

@Mason Hickman Right. Qualifying them has been something I feel like I'm lacking on. Often times I get responses like "sure I'd sell, for the right price" or "make me an offer I can't refuse." Other times over the phone when I ask if they would consider my clients offer they ask "what is the offer?". At first I was quickly estimating what I thought it would be but this became problematic because sometimes I would be off and then the real offer would be lower. Now I've been going with "well I can get back to you within a day or so once I get their exact number". Then once I call them back after speaking with the buyer they don't answer. Or they answer in an annoyed way like "why are you calling me I don't actually want to sell I just wanted an offer". I guess a way to fix that would be to really study each area in the market more to be able to give more accurate estimates immediately which I'm working on but ultimately I think the problem is they aren't actually motivated to sell they just want an offer. Any ideas for how to qualify them during the initial conversation to see if they really are interested in selling? Another thing to consider is that most of these are absentee owners with primary residences nearby and the properties are in great rental markets so not alot of motivation. I'm going to start reaching out to probate leads soon.

Hi. I'm currently looking for deals for a builder client in San Mateo and Santa Clara counties (1 to 3m). This client can pay all cash, no contingencies, and will buy the property totally as is. Because they buy older houses on larger lots and build new homes that sell for more than twice as much they usually can offer market value. I've mostly been targeting absentee owners in these markets. I've compiled a list of 900 or so properties, skip traced them, and have been cold calling these owners. Something that keeps happening is people express an interest in selling, are interested in the offer I present, then when I submit the official contracts they ghost me. Others are very quick to assume I'm trying to either scam them, or if I send a text they think it isn't serious and its spam. My question is- is cold calling a good way to prospect for leads? It seems like doorknocking isn't such a good idea right now considering covid. Other things like developing a strong social media presence don't really appeal to me. Also I get that unsolicited calls are annoying but the level of rudeness I experience daily is always surprising. I keep questioning whether calling all of these people randomly all day is a waste of my time. What are your thoughts?

Hello. I often come across owners of high value single family rental property who's sole reason for not wanting to sell is "All of my money would go to the government". In the past I've referred an owner to a cpa near him (he lived out of state) and after speaking with the cpa he realized he wouldnt have to pay nearly as much capital gains tax as he thought. This however is an involved process and I can't always get owners to talk to a cpa and not knowing much about taxes myself I can't be sure they're wrong about how much they think they would pay. I also have suggested they try a 1031 exchange but many sellers don't want the headache of that.

Because this is such a common objection I get from sellers could anyone please share which ways if any they would handle this? Again these are sellers who's sole reason for not selling seems to be wanting to avoid paying taxes.

Hello. I often come across owners of high value single family rental property who's sole reason for not wanting to sell is "All of my money would go to the government". In the past I've referred an owner to a cpa near him (he lived out of state) and after speaking with the cpa he realized he wouldnt have to pay nearly as much capital gains tax as he thought. This however is an involved process and I can't always get owners to talk to a cpa and not knowing much about taxes myself I can't be sure they're wrong about how much they think they would pay. I also have suggested they try a 1031 exchange but many sellers don't want the headache of that.

Because this is such a common objection I get from sellers could anyone please share which ways if any they would handle this? Again these are sellers who's sole reason for not selling seems to be wanting to avoid paying taxes.