All Forum Posts by: Account Closed

Andrew, In my successful experience, cold calling and sending out letters are an outdated hard way of getting leads. For example - how many properties can you really see driving? Then skip tracing them then hoping the owner can actually entertain your idea of buying their home. I feel this is an outdated way of trying to get in front of motivated sellers. We are in the 21st century and a lot of digital marketing can be applied to easily make great use of your time. For example, I have a full time job, run a company on the side, and find my own deals as well and do flips. We all have the same 24 hours, its what we choose to do with it that makes the difference. In business its leveraging technology and your skill set to find unique ways to make your processes efficient, cheaper, faster, and to be able to scale it. 

I pretty much wrote this for another person as well - I think if you focus on social media marketing and digital marketing it paves the way to getting better and faster results.

Jeff, I just urge you to think about the time involved in driving for dollars. For example - how many properties can you really see driving? Then skip tracing them then hoping the owner can actually entertain your idea of buying their home. I feel this is an outdated way of trying to get in front of motivated sellers. We are in the 21st century and a lot of digital marketing can be applied to easily make great use of your time. For example, I have a full time job, run a company on the side, and find my own deals as well and do flips. We all have the same 24 hours, its what we choose to do with it that makes the difference. In business its leveraging technology and your skill set to find unique ways to make your processes efficient, cheaper, faster, and to be able to scale it. Hope this helps. 

Sounds exactly like wholesaling lol. Not to mention Zillow completely recently left the buying home business.

I have looked at properties in Tulun - nothing ever panned out. I have also explored Puerto Rico as many crypto companies and young millionaires are moving there.

Yes, but I feel like that is a waste of time. There are better easier ways to get leads. For example, your website and targeted marketing. So people are being marketed to and they apply with their interest on your site. Plain and simple.

I think SKIP Tracing is outdated. Thats just my humble opinion though. I feel like those lists are sold and resold numerous times over and over again for the same data. You can create your own methods and one stop shop by creating your own leads. Its not as easy but once you are up in running you are building a brand, equity in your business, and also constant flow of leads. I used to cold call, skip trace, send mailers, and don't get me wrong you will get success from it like James above, however as you gain experience you will realize you need deals faster, easier, cheaper, and with more "meat on the bones" and in order to have that you need constant deals flowing through your eco system and that's hard to do with mailers, cold calls, VA's and skip tracing etc. Hope this helps.

Hey Vishal, I had written something earlier for James too. If you are starting it might be a decent route, but it takes a lot of teaching and mentorship to get these people to operate the way you do. Technology has changed that in many industries - I mainly use digital marketing now and have no need for callers or cold calling and even mailers. I stay super focused on that avenue as everything done is completely digital. Cold calling and VA's can work, but to me that seems the tougher and more expensive road.

Hey James, congrats on your succcesss! You must be a great speaker if you are closing with cold calls. I started out cold calling and mailers and had success. The last 5 years I have gone completely digital marketing. I get various deals constantly and can vet through them (not to mention this is highly more efficient and cost effective) instead of deploring human capital and paying them hourly or not receiving the same output from each one etc. Thats why tech works. Hope this helps - DM me if you have anymore questions, sounds like you are doing well and want to reach the next level.

I think not doing an ARV and repair cost is like doing surgery and not bringing the right tools, hoping the person you are operating on doesn't need the tools you don't have if that makes sense. Also in terms of someone sending an offer letter, that's just a numbers game. You just send out as much low ball offers as possible and hope someone accepts (usually the offer is so low that the arv doesn't matter much because you are offering a deep discounted offer to the homeowner).

The way I do it is through digital marketing mainly - reaching out to motivated sellers and focusing on closing them. You get quality leads if done correctly, and work directly with the homeowner whose in need of selling their home.

Hey Keith, congrats on starting your company! Montana is a beautiful place. What other avenues are you looking into in getting in front of motivated sellers? Pre closures are fine, but its hard to deal with the bank. I go one step further and just get in front of "motivated" sellers through digital marketing. (They reach out to me if they need the help) that works for me much better because the bank is not involved and the person knows they are about to go into preclosure. That's a sweet spot. Hope this helps. DM me if you have anymore questions - its always exciting to see a new business be successful.