All Forum Posts by: Tevin Russell

@Michael Quarles

I'll look into this some more.

All of this is reinforcing the fact that my lead capture needs to be just as on point as the marketing if not more because there isn't anything worse that putting in the work to get the lead just to let them slip through the cracks.

@Brian Chesla

Thanks for the site, i'll check this out.

How are these methods working for you? 

@Chris Turner

Sorry I missed your post, but if I don't want to 'starve to death' like Dennis put it, probably around 200 per month now as I haven't had any 'deal money' to reinvest into marketing yet. 

Wasn't sure if this was even worth bothering with seeing as how this isn't a whole lot.

@Eric Adobo
yea seems like me and you had similar outlooks on how this stuff works listening to successful people doing it.

@Dennis Rodriguez

@Roland Paicely

Dennis you pretty much answered my question but in that conversation I had, the number used was something around 20 - 50k per month on mailers when referencing the 'big money' guys.

I definitely appreciate both of your answers and it gives me much more clarity on this topic.

Hello, new investor still trying to figure things out.

One goal I had with my efforts was to take money from my first couple deals and use some of that to put it into a direct mail campaign to have a steadier flow of leads but I was recently told by another investor that unless you have big money like the more established "big shots" in town your efforts will be a waste because I won't be able to compete.

I get where he's coming from and I always here most people having success with wholesaling are direct mailing. When he brought this point up I realized that I never thought about this dynamic of low budget person competing against someone with deeper pockets.

Fellow investors, what are your thoughts?

Trying to determine a consistent, low cost lead generation strategy and sticking with it.

I find myself dipping into using different lists (tax delinquent, code violations) and driving for dollars and also looking to do bandit signs.

I need to pick a strategy and stick with it until I get my first deal or 2, then use some of the money to start a direct mail campaign which is a common them among the successful wholesellers on the BP podcasts.

@Aaron K., @ 

@Wes Short, @Gabriel De Almeida

Thank you guys, This makes a lot of sense.

Above anything the motivation needs to be there for this to work .

This gives me some more concrete criteria to go off of.

For those of you who get lists from public sources, free or paid, they obviously are bloated with non qualifying leads that need to be trimmed like banks, LLC's, recently sold, etc.

Beyond this I'm not 100% sure what I should be keeping on the list and what I should be eliminating.

What are some traits you guys look for when filtering you lead lists?

Thanks.

@Doug Pretorius Adding tools to my toolbox. I'm going to have to research all of those a little deeper to get a better grasp of it all but thanks for opening my eyes to that. And I agree about being good at estimating repair costs. That's one of the things as a new investor that seems a bit daunting without any real experience yet. There's ways out there to best guestimate repair costs to get close as possible and there's also an option to have a contractor give me their professional estimate.

@Fabian Gonzalez Its all good, I was going to ask @Chris Turner the same thing. lol

@Doug Pretorius I never thought of/knew it was a thing to actually wholesale a lease option. It was wired into my brain that you wholesale to only investors who have enough money to buy in total. Perfect example of creative real estate investing.