All Forum Posts by: Joe Bertolino

Pay your own broker or a consultant for your first few deals.  You will save more money in the long run.    Just going strait to the listing broker for your first multi family deal is not a great plan unless you have a seasoned vet guiding you through the process.  I don't do large multi units but I do keep an eye on the market and what I often see is newbie mom and pop operators "landing deals" that the experienced operators have been shying away from for one reason or another.   

Don’t.  I’ll post details later 

I have been here on BP awhile and I wish I would have seen this thread 6 months ago.  My experience with AMB started out strong.  The first month they delivered close to what was promised.  20’ish leads that were fairly solid.  People who knew what they filled out and wanted offers on their homes. 

After that I can’t even begin to explain the horrific drop off in volume and quality.  The volume dropped and the quality dropped off.  Leads from other states, leads missing contact info,  dead phone number, etc.  When I complained they said they were fix it and run the ads on their dime for a month.  The results were poor.  We had multiple conversations with my account reps who are great to talk to but time after time they failed to perform.  I liked my rep so much I let her talk me into a new program they were doing with phone verified leads... I have them another $700 for 20 leads.  In a month I received one bunk lead.  

There is something going on because they had the ability to provide good leads.  They did it for a month... then they turned the faucet off while they kept taking my money.  I gave them months to fix it and they didn’t.  Now that I am angry and making demands they are “investigating my account” after 3 zoom calls with my rep that “investigated my account”.  

Save your money or deploy it elsewhere this company has not been above board.  

Orange Coast is pretty flexible in general.  Laurie Hodgkins at Allied title is good.  

Very sharp guy,  great guest 

It’s only 200 owners,  I would send a puffy package.  Something big with something of size in it,  like a stress ball or a payday.  It’s a little cheesy but it gets your package opened and it works. 

 You are very welcome.  I attend NorcalREIA and Capital City Wealth Builders when they are Jp and running 

@Victor Rallo

Abrate & Olsen Law Group

Mike Abrate

@Kenny Tan

Get something off market. Narrow down their area, wants/needs and price point. Run a title search. Cross reference that list with a landlord and vacant home list. Skip trace the owners. Call/text/mail/door knock those owners.

You are going to pay market value but you can avoid bidding wars.

They have been losing $70,000 per home when all costs were calculated,  -$10,000 when they only account for hard costs not including acquisition.  I don’t think this is going to help their margins.