All Forum Posts by: Mike Kehoe

@Jason Malabute , we have investors that invest in only one and others that invest in both. Most of the time, when an investor is only interested in one of the locations, they're local, and they're avoiding additional drive time. They focus on what they know, and they're connected enough to keep busy in one location. 

Being new to the market gives you the advantage of looking at each market with fresh eyes. I think the right recipe for you is to connect with local experts in each location (plenty of people to connect with here on BP), fly out, and then have them each give you a thorough tour of their city. After that, make your decision. 

We moved our business from Chicago to the Triangle about a year ago, and that's the recipe that we followed. After our visits and thorough research, we focused on getting to know Durham first and attacked Raleigh second. 

There are a couple of things to note about both markets.... First, there isn't a lot of multi-family inventory. The majority of what you'll find is SFH and small MF. Second, as some others have described, the market is scorching, so be ready to pull the trigger when you find something that fits your criteria.

@Keith A. Referring credit card processing and cost segregation deals

Sounds like you've got a handle on things. Hang on to it and enjoy the ride. Even if it only cash flows a bit, I'd wait for the appreciation. 

Hey @Sam G., as long as your home isn't dilapidated and in need of a ton of work, which it sounds like it's not the case, I'd hang on to it. We're investors and wholesalers in the Triangle and believe home prices are going to keep climbing for a long time coming. It sounds like your property has all the makings to see very nice appreciation. Even if it only cash flows a little bit, I'd hold onto it for its potential appreciation.  

@Kelly Bellini that’s a no for me. Deception out of the gates... I’d decline and not look back.

Thanks for the insightful response, @Tom Shallcross! In my research, I've found that https://leadsherpa.com/ and https://launchcontrol.us/ are used by other investors that I respect. I need to look into these further, so I'm not promoting them, but they might be the answer to compliant texting. 

Thanks @Jim Pellerin! We're using a multi-line dialer, but aren't texting at the moment. What text software do you use?

@Ray Danishyar we do both. We like to keep seller finance deals for our portfolio.

Thanks for the feedback @Ray Danishyar! We're only in our third week of using the VA/Dialer setup, so I'll have to continue to monitor the data. Just wanted to make sure we didn't get bad skip trace data and the pick-ups were in line with industry averages.

What percent of calls made by your VA are answered?

We're pulling our lists from PropStream, then skip tracing with Batch Skip Tracing, and our VA is through VAHub calling on Batch Dialer. We are seeing a 16% answered rate with a multi-line dialer. It feels low, but I'm curious if this is in line with what other people have been seeing. It seems like the VA's are spending a lot of time waiting for calls to be answered, opposed to talking with sellers.