All Forum Posts by: Christian Marin

@Jerryll Noorden

I’m extremely efficient with my money and constantly track my numbers so I know how well we are converting. That still doesn’t mean I should walk away from DM just because it takes more numbers to get a deal.

My average deal size from direct mail is $18,336 but it costs me only $5,278 per deal. So yeah I’ll spend $5K to make $18k. That’s almost a 400% return! So you telling me you’ll walk away from that cuz “it’s not efficient”? Haha

@Jerryll Noorden

I think newbies should be told that but that doesn’t mean you can’t start with DM being your lead gen source. I started by mailing 250 postcards every week. Yes it took me 4 months to get a deal but it works.

When are you gonna tell newbies how SEO is a long term strategy that can take up to a year to get up to the top 3 on google? Look all channels have their pros and cons but don’t say that doing DM is a horrible idea so you can then post 50 million post showing “your justification” for your strategy which you then sell to people.

Yes I will continue to do DM. It's brought me a 673% ROI in 2018 and a 750% ROI in 2019 and helped me generate over $1MM in assignments.

Now before you say I’m not one of the smart ones I also do google PPC, Facebook ads, Cold Calling and do SEO and I’m still not at number one on google here in Orlando for it. You have to have multiple channels if you truly wanna scale

@Jerryll Noorden

What? I get mail from Nike, Adidas and tons of other brands all the time. They’re business isn’t buying houses so I don’t expect a handwritten letter.

Man don’t come on here and give this guy bad advice. I’ve seen your Facebook ads where you’re pitching this “no mail” coaching program of yours.

I’m not hating but don’t bash a lead generation system that is absolutely trackable and scalable si then you can pitch “your way” and oh pay me to show you this hidden method.

All the big wholesalers in the country that are doing $1MM in annual revenue use Direct Mail as their primary lead generation so YES it still works!

Yes it still works!

We just locked up 3 deals these past two weeks from direct mail.

The key is knowing your numbers and your teams or your conversion rate.

For me my response rate here in Orlando is .5%. Yes, only half of 1% and my ACQ team converts between 25-30 leads/contract which means that to get 1 lead I have to send out between 5,000 - 6,000 mail pieces.

Now I’m in a very competitive market. Others have higher response rates and some even less so truly knowing your market numbers is the key to success in Direct Mail.

Hard Money Lenders, have any of you used Appraisal Nation to order appraisals for loans you are originating? Have you had good or bad experiences?

I just received an appraisal back at $50,000 for a property that I saw the "As-Is" value around $120k-$130k, the ARV I believe is at $170k and the borrower has a purchase price of $90k.

What is the best strategy to dispute the appraisal value and get it closer to the $120K?

@Chelsea Owyeung I own a property management company in Orlando. Our Senior Property manager has been doing it for 11 years. Let me know and we can talk more about our services and what you’re looking for?

@Meca Smith we’re looking to hire disposition agents to help sell our wholesale inventory in Orlando. if you’re interested send me a message

I wholesale listed properties all the time. That's actually a huge portion of how I get my deals. If the home is listed you'll just have to deal with the realtor but they have an obligation to present any offer to the seller and just because it's listed doesn't mean every buyer in your area has seen it. Many are busy and don't have time to look at 30 new listings on the MLS every day and evaluate it. That's why as a wholesaler you should provide all the info they need to make a decision in a marketing flyer/email.

What kind of deals are you looking for? This is a very generic statement. 

Welcome to BP. This is a great place to network and to learn also.