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All Forum Posts by: Mike Nelson

Mike Nelson has started 57 posts and replied 423 times.

Way to go, BP!! Just keeps getting better.

Post: New investor from Eau Claire, WI.

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

Welcome to BP, @Peter Geary ! That's the same book that got me interested in REI. :) Hope you learn a lot and make plenty of friends here.

Post: Homefinders shows are FAKE!?

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

Reality shows are obviously staged and scripted. Still, they get the audience hooked despite knowing they can't be real. Their primary purpose is to entertain and that's certainly what they do. Anyway, maybe it's better not to watch TV instead. :)

Post: Yellow letter call from a celebrity... who yelled at me :)

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

Gotta have a great sense of humor to be in this business...thanks for sharing the story.

Post: What its really like to be a real estate investor (funny picture)

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

Lol...so true.

Post: An open letter to ALL WHOLSALERS!

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

Welcome to BP, @Michael Copeland ! I just want to commend you for that positive attitude.

Post: New to investing in Philadelphia

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

Yes, @Brandi Brockman . In fact, although I'm in Richmond, Philly is still my biggest market.

Post: New to investing in Philadelphia

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

Welcome to BP, @Brandi Brockman ! I'm originally from Philly, too. Learning by shadowing experienced Investors is very effective. Kudos to you for taking action early on.

Post: Hello from Philadelphia, PA!

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

Welcome to BP, @Stephanie Luongo ! I'm originally from Philly too. Good to see you here. :)

Post: Direct Mail Questions

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

@Ryan Butler , at the first contact you'd want to talk less and listen more. Focus on connecting with the seller particularly by building rapport. This will give you a bigger chance of getting a second contact or better yet, a possible deal.

Don't ask too many questions about the property or talk a lot about what you do yet. What you're primarily after is determining their motivation and knowing their situation...so you know if you it's the kind of seller and deal you are looking for. So you know if you can also provide a solution to their problem.

There's no special formula or secret on how you can end up having the seller say yes to your offer. Basically, you just have to win people's trust that you're not a phony, that you can actually offer a solution to their problem and that you mean business.

I wouldn't consider a lead dead unless the person is literally dead, has clearly told me to never call him again, or has already sold the house. If it's none of the three, I keep the lead and call them after a while, few weeks, months...depending on where we left off. That's why it's so important to build rapport from the start. You'll be surprised how they can still remember your name the next time you call.