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All Forum Posts by: Mike Nelson

Mike Nelson has started 57 posts and replied 423 times.

Post: Thoughts on mailing private lenders?

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

These aren't advertised "private lenders" our goal is to bring them on board to fund rehabs that we will have going on in the beginning of the year. We already have exhausted or funds from others and we will be needing to bring more on board.

Post: Thoughts on mailing private lenders?

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

Want to get your thoughts on using direct mail to setup appointments with private lenders.

Has anyone had success doing this?

Post: Using a VA to answer incoming calls

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

@Tyson Cross , yes I have them follow a script at first, mainly to have a flow to follow all through the call. You'd want to make sure you hire someone articulate and well-versed in English. You'd be surprise how there's alot of them....then they don't have to sound scripted. In a few weeks time, I notice that they sound more natural and conversational once they've get the hang of things. I have all calls recorded using mp3 skype recorder and for the first month I check on some calls to see how they're doing and maybe do some coaching.

I don't really tell them to keep calls short. They have to understand that it's a big part of their job that they know how to gauge each lead's level of motivation. So ultimately, it's their call every time. They decide which ones should be forwarded to me at the end of the day. For certain situations where they can't decide on something or not familiar, I always make myself available through skype chat or email.

At the end of the day, the VA forwards the motivated leads to me with all the details gathered from the conversation. I run comps and come up with the offer and tell her so she can call them back.

I set my VA's up with their own Googlevoice and Skype accounts. The GV number for the area I'm marketing. We're able to access it simultaneously. That number is what's listed on the postcards mailed to sellers. If leads call outside of the VA's shift, VA returns all missed calls. If she gets a call while on her shift, she can pick it up live. My VA's also do cold-calling, if it's not too busy and I haven't mailed a new batch, I can make her look up leads in Craigslist and FSBO's.

Sorry this is long but I hope it helps. :)

Post: What is defined as a "Deal"

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

It's a deal if it makes you money.

Post: Using a VA to answer incoming calls

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

@Tyson Cross , I will have to agree with most things that @Brandon C. said.

I too have been using VA's to help me with my Wholesaling business. These workers from the Philippines are very skilled, have great English and impeccable work ethics.

You can pay them around $2.50 per hour for starters. Anything below that, I'm not sure if you can get a very good skilled VA.

Odesk and onlinejobs.ph are both good places to find these VA's but it's easier to go through the latter if you're specific to hire a Filipino.

Make sure to hire someone with experience in callcenter work cause it's been big in the Philippines for many years now. These guys are used to talking to Americans, have awesome phone and rapport skills, are used to US hours and more tech-savvy.

Let me know if you have other questions too, I'll be happy to answer them.

Post: New Member from Atlanta Georgia

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

Welcome to BP, @Sheik Charles Brown-EL !

Post: Should my credit partner be against marriage?

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

@Aaron Mazzrillo I completely agree with you but at the end of the day this is what my generation is faced with.

@Michaela Graham That's good advice :-)

Post: Is it necessary to get contracts notarized?

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

If it's a great deal and the owner is a little antsy then I would say you should have it notarized so that you could protect your interest.

Post: Is a website necessary when you first start out?

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

Having a website is definitely not needed. If you do however decide to go that route, check out a blog post that I believe Josh created showing you how to create a very inexpensive one.

Post: Wholesaling a house with a Non-Paying Tenant

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

Sounds like this property was inherited, is this the case? First you need to make sure the brother isn't on the deed.