All Forum Posts by: Reina Phee
Reina Phee has started 2 posts and replied 3 times.
Quote from @Jonathan Greene:
Your dialogue probably sucks if you are calling preforeclosures and don't know what you are doing. "Everyone who does answer isn't interested in selling" is laughable. Did you think you would call a list of people behind on their payments and they all would thank you and turn over their deed on the phone?
I bet you are starting the call by telling them they are in preforeclosure. Great job, you just told a potential seller in distress that they can't provide for their family. Do you want to ask them how they got in that spot as well?
The problem is you aren't using empathy and you probably don't have cash to solve their problem anyway. You lead the call explaining that you run lists and know these are wrong all the time (so you don't make them feel bad to start), but this list said their may have been a list pendens filed at some point and it probably got resolved, but you wanted to check.
Hi! So I've been using this as a script so far: "Hi (name)! My name is Serena with House Ownership Solutions LLC. I'm calling about (property). We're investors and have been buying houses in the area at a discount. If you're interested in selling your property, we can have your property sold in about 7-21 days once you and I decide on a price for your property, which will go straight to you. You also won't have to worry about any fees or closing costs. Would you be interested?" I'm currently taking classes in wholesaling by Sean Terry and they recommended me that script. Do you suggest that I instead switch to "Hi! (tell them who I am) I run lists on houses, but I know these could be wrong all the time. There was probably a list pendens filed at some point and it probably got resolved, but I still wanted to check in." And then lead that into saying I could help them if they were interested in a short sale?
Feeling pretty discouraged when cold-calling people who are in preforeclosure. Most of the time they don't answer, and everyone who does answer isn't interested in selling. So far I've dialed about 126 numbers, and I'm wondering for people who have found success, how many calls did it take to get that first "yes"?
Post: Is it Feasible to Househack using Rent-to-Own in Boston, MA?
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I'm a Boston University college student, and I don't want to live in the dorms anymore, so I'm planning on using the rent-to-own strategy to find a place to stay as well as to use for househacking. I'll only have to pay monthly rent and an option fee to move in, and I plan to find tenants and charge them a monthly rent that will cover my rent and allow me to live there for free. Ideally, I'd find a more run-down place and fix it up a little so that I can sensible charge more for the rent. Once I graduate, I'll hopefully find a buyer who is offering more for the property than I originally planned to buy it for, that way, I can use the difference to pay off my tuition.
Will this be feasible in the Boston University area?