Updated over 6 years ago on . Most recent reply
$500 a month wholesaling budget
I have roughly $500 to work with per month (including software) and I am looking to see what some knowledgable BP members might think would be the best of use of those funds. I'm also quite limited when it comes to time. My thoughts are as follows:
1) Hire a VA at about $10 an hour to work about 20-30 hours a month to do cold calling, send offers, follow-up, etc
2) Use Pat-Live or something similar to answer calls live when they come from direct mail marketing campaigns, callbacks from cold calling, etc.
3) purchase small focused lists like probates, evictions, delinquent taxes, etc. I also have a realtor that can get me just about whatever info I need from the MLS as well.
4) Prospective tools: Mojo Dialer, Freedomsoft, REIBlackbook or Propstream (recommendations on an all in one type of software would be very helpful), reiskip.com for skip tracing, Vumber.
The answering service will be about $20-$40 per month, plus the cost of each call. Total for the tools will be about $150 per month, the cost of the VA will be about $200 a month (20 hours). The remaining $100 or so would be spent on the lists. My business partner (the closer) will most likely be the one going on the appointments and I will be stepping in once the lead has been screened by the VA or the live answering service. I will also probably be doing a little bit of the VA's work since 5 hours a week may not cut it and doing some appointments.
This is all rough math and my numbers may be off. If you have any recommendations on some tweaks, better and/or cheaper tools, marketing ideas, etc, feel free to give feedback. Your time is much appreciated. I'm looking to get started sometime next month.