SMS Texting - Lead Sherpa?

Question

BP Community - These forums have been vital in getting up and running in the RE world, to which I am so grateful! (Long-time creeper of the forums.)

I am looking to ramp up my wholesaling side-hustle, and have centered on trying to move time spent calling cold leads (Propstream) to calling warm leads. I understand to make this change, I will have to be spending more money on tools. To which, I keep coming back to SMS.

Does anyone utilize SMS text blasting to generate warm leads?

Lead Sherpa has been a company that keeps coming up with some user success. However, it is tough to get information on these SMS companies. Has anyone used Lead Sherpa? Does anyone have an alternative?

What type of success (i.e. response rate) or failure have you had with SMS?

I know that this has been a topic on previous forums. However, with the recent changes, I wanted to see how the current landscape feels. Grateful for any help!

(As a note, I am doing out-of-state wholesaling (in the Midwest), with a focus in MFH.)

Jeff Tumbarello · Answer

Leadsherpa always sent to Verizon numbers thru the Twillio side of the platform

Jeff Tumbarello · Answer

Here is my experience. Even if a platform is TCPA compliant (LeadSherpa will provide you with a couple of letters from an attorney), that still will not prevent a lawsuit. To prove you are TCPA complaint will cost at least $10,000 in legal fees. Ultimately you settle for a smaller amount. Ask me how I know. LOL

As long as the deal flow will support the nuisance lawsuits the marketing platform works. The bigger issue I found was that these leads had an interest in selling but no intent. It is a great way to build a database.

Thomas DeVoe · Answer

@Duane Alexander greatly appreciate it. I had seen LS had issues with Verizon users.

How is LC's skip tracing? Is it TTCP-compliant?

Duane Alexander · Answer

Lead Sherpa is blocked by a couple of carriers. Look into Launch Control. Texting is one of the best ways to generate leads for sure.