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All Forum Posts by: Tommy Harper

Tommy Harper has started 7 posts and replied 17 times.

Post: Estate Planning Leads

Tommy HarperPosted
  • Posts 17
  • Votes 2

Trying to figure out the proper, best, and alternative routes to making meaningful relationships and wondering what the most effective means is to developing leads that may come along in the probate process. 

My current focus - what is the process once a family member/individual has passed and lets just say in a perfect world probate has been filed and the respective family is now thinking about selling the property. FROM THIS POINT - what usually happens?  Who do they reach out to FIRST (realtor, estate liquidators, or )? As a new real estate agent in Northern Virginia, I'm trying to make these connections, but my immediate thoughts and attemps just involve messaging these business and informing them I'm an agent and that if the respective family is in need of a realtor I'd be happy to work w/ them, but every time I do that, the response I get is "we already have a realtor" or "house was already sold or listed"........and a lot of times I am refresh to the post, so obviously I want to be "there" sooner so I can get the seller listing lead. How do you become that agent who gets these types of leads and therefore listings? 

Quote from @Ian Tyndall:

Tommy, are you asking for perspective on currently listed properties or looking to partner with someone on a purchase?


I would be happy to run some properties for you through AirDNA if you have a few in mind that you are vetting?


yes this is/was a perspective like question, so thanks for asking. I don't have airdna, but i did come across one that similar tool that showed these stats for free, and even showed some of the houses people were trying to sell exclusively on these platforms. It's kind of funny, some owners are thinking that simply because they have a house, that a investor is just going to pay near fully price, and its like, why not list? lol Because an investor is not your 30 year mortgage kind of offer. If I'm paying cash, im not giving anyone 350k, just to get a decent, but not amazingggg COC% or cap rate. I got 3 sellers leads out of 1 post and all are very different in their desires, but that is one of the themes I'm seeing. 1 seller even based his value off the Zestimate, and little does he know in the area, the zestimate is/resembles that of the ARV and NOT the current value. But I'm building more seller leads out that way, so stay tuned. Anyone please share your contact info in a message and I'll be sure to save it and ping you if things progress w/ other seller/buyer leads. I can say this particular seller also is looking for a property w/in 30 minutes of (the middle between massanutten and harrisonburg), so 30 minutes from there is where he is looking and wants a fixer upper or not, but is willing to pay 300k cash for an off market property. Biggest thing here is they wants a house big enough for 2 separate living areas and house cannot have more than just a few steps to entrance and hopefully rear entry/etc. Think grandma and pets here living in house. House can be in need of repairs, but not drastic. Light to moderate.

Quote from @Tom Dieringer:
Quote from @Tommy Harper:

STRs in Massanutten - looking to connect w/someone on discussing what a reasonable offer on a STR out here would look like. Also, if you're a serious end buyer and can cover the first part, that would save a step. Note, I will not share any addresses as I know how this works. I can share details of properties and if you have airdna, that something we can both look at because i dont have it (and go over what the anayics look at for certain types of propeties in this area).

Do you need an agent who is highly familiar with the market or are you trying to bypass that? If you need a referral to an excellent agent who works exclusively with STRs in that specific market, I can refer ours

 I'm an agent, but yes I am in contact w/ one out there familiar w/ STRs. thanks for asking. 

Post: AI Prospecting Tool

Tommy HarperPosted
  • Posts 17
  • Votes 2

btw the above is not to be confused w/ a BOT. This is more intelligent than a simple bot. 

Post: AI Prospecting Tool

Tommy HarperPosted
  • Posts 17
  • Votes 2

Here's whats on my mind. Time is money and money makes or breaks your business. I'm all about efficiency because i hate having to do repeated tasks, but tasks that now AI can do. I hate to say, but most people here will not truly understand what AI is, and thats ok, but I too am learning and wanting to get more help on using AI for its full potential in real estate. Knowing that AI has natural language processing skills, I was hoping to see if it's possible to point, teach, interact, and then pull back responses for prospecting purposes. Think about it, on a simple level, you can create a workflow for AI and how it should interact w/ inbound leads on your website and the AI can communicate and ask those people certain questions and then at some point do things like set up a appointment based on a specific answer after making it through a conversation (like funnel). So if it can do that, shouldn't it be able to be pointed to any website of your choice, search through groups/posts/etc and communicate with anyone who displays some kind of "intent" to sell, and if no intent is found, it could generate "curiousity" and help develop some curiousity from anyone in the group, and it could do this, until all possible efforts have been exhausted over time.  So this is more than a canned tool to ask certain questions, and more than a web scraper, this is a intelligent AI based prospecting tool for real estate leads. Who's in? :)   Ok im talking out my butt. I think I'll go to FIVER and see if any of the AI professionals can build such a tool. 

STRs in Massanutten - looking to connect w/someone on discussing what a reasonable offer on a STR out here would look like. Also, if you're a serious end buyer and can cover the first part, that would save a step. Note, I will not share any addresses as I know how this works. I can share details of properties and if you have airdna, that something we can both look at because i dont have it (and go over what the anayics look at for certain types of propeties in this area).

Post: Wholesalers required to have license in VA

Tommy HarperPosted
  • Posts 17
  • Votes 2

hello i believe i read through it. sadly there can be some assumptions made but i do not see exactly where it says you need a license starting july to wholesale. can you please point me to the language that says you actually need a license to wholesale on july.? also what type of license are they saying you need to get to wholesale for virginia? 

Scrubbing a lot of articles on this topic and its really interesting to see the available tools out there, but actually implementing them and using them for how they were designed seems to be the next phase for many want to be real estate entrepreneurs. From "spying" on your competitors effective marketing strategies to the rating of their backlinks and who these targets are to ranking every metric known to real estate for website content and marketing effectiveness pops up. What if you could not only find the top 20 in the nation, but maybe the top 2 in your state and copy/mimic those aspects that will start to bring in traffic if you knew exactly where to go to see that content? What if you could get a better and more personal feel of the kinds of audience they're targeting and have a blue print on how to do this? What if you could see how customers were interacting w/ your site (after you've implemented these changes) and the AI could essentially break down what seemed important to the user AND what other sites they've looked at lately? What if you could see what realtors were literally the top performing in their region but actually had better insight into the unique strengths they bring? This seems very cool to me and I wish to network w/ some AI influencers and knowledge leaders to implement these strategies. I NEED some top notch lead generation! What about you?

Quote from @Andres Murillo:

Hey Damian! I have a couple suggestions here  

1. “Marry the property, date the interest rate.” Rates will drop eventually but the house you’re analyzing may not. If a property is in the red a few hundred bucks, analyze it with a 5% internet and see where you might be in the future. You can refi and pull cash out in the future to invest in your next deal. 

2. Diversify your strategy or your market. I’ve built a career helping people buy Traditional Rentals in growing markets, but in todays world I’m focusing on Short Term Rentals for clients hyper focused on cash flow. The higher average monthly incomes help properties cash flow much more regularly. You might also consider other markets. Between advisors like myself and local managers it’s easy to invest further than arms distance away now. 

Happy to chat more about any of these ideas. 


 Andres,

Would you be able to chat about "helping people buy traditional rentals in growing markets". I will say I am a new investor, but I believe I'm mentally prepared as well as analytically prepared to analyze deals,etc. Ive been doing research in various areas/topics of investing (wholesaling, auctions,etc) and have actually put in a few offers recently, but fix and flips that were on market where i live which is real competitive. Just want to brain storm on some idea/areas to maybe look at/focus/consider. I am using some websites that show metrics such as housing details(costs/rents/economic details/jobs/etc) but it still would be good to chat w/ someone w/ more experience. I need to get this train rolling. 

Tommy H.

Quote from @Ben Rhodin:

Hey @Roman Puzey! Love all your questions regarding MTRs here on the forums, if you want any more specific Denver-minded advice or guidance, please reach out as it is one of our primary investment strategies here in the market currently. 

In general, our criteria is within 5 miles of two major hospitals. That is about the bare minimum, especially here in Denver, as there is a large concentration of hospitals, and a large concentration of housing opportunities. The closer the better, and if you can hit one of the hospital clusters, even better. There are a couple of pockets that I personally lean towards in the area, and am happy to share those with you to target your search a bit more. The second criteria will be the property itself. You want to make sure it is a quality unit, and typically a 1-2 bedroom (preferably a 2 bedroom). These rent the best and are what most traveling professionals are looking for. Then what I do, is go onto furnished finder and Airbnb, and other sites and vet the neighbor's properties. First to see what they are charging, but also to see what their unit looks like, most are not professional hosts and have terrible pictures or furnishings, and are charging under market. You also want to take note of the availability, if it says "available now" on all of the nearby ones, you may be in trouble, but if all of them are available a few months out, that usually means they are booked.

Just some quick thoughts, but the best advice is to have someone in your court that has done this before and is currently doing it, as your biggest hurdle to overcome is the mental block of being worried that it's not going to work. And that is never going away, but if you have someone that can guide you and assist you even past closing then you'll feel that much better! Reach out if you need anything else!


 How has your experience in the Denver area been w/ travel nurses? Have you had any issues w/ keeping your units occupied w/ travel nurses or is the more appropriate question, how many occupants do your units hold for travel nurses/professionals and what does your occupancy rate look like? Just curious. thanks.