All Forum Posts by: Benjamin Carver

 I do not believe there is any talk or replacing, only adding to.

 You syndicate in Asheville?

 Absolutely true. But that same person may be able to find a minimum of $25k, sometimes a little lower. Syndications definitely need to still be responsible for not letting anyone who can take a test invest a large portion of their money. Maybe they will introduce restrictions to prevent that.

I'm curious how much they quoted you to build the ADU? As for as equity goes, I would build it for the CF. And when you turn to sell, investors will pay a premium for having that ADU. Look into Derek Sherrell and find @thataduguy on instagram and youtube. He responds to DMs too.

I cold call manually into a huge pond of leads with zillow flex, realty, SOI, past clients, home search site traffic, etc. My team provides endless leads to fish for. But I have definitely found that calling less and doing more homework up front, getting your search criteria narrowed down, really helps. I can make half the calls as others and still get the same amount of quality conversations. 

I am also heavily investing in social (media and in-person). Long-term I want to bring in warm leads that convert often and cost me very little. I've seen it done for other countless times. Best to you

The way I see it... You either pay a hefty premium for speed OR you accept it as a numbers game. If you're getting an offer accepted right away, then I'd argue you are likely not being aggressive enough. Make sure your agent knows what's important to you and that you're exploring ways to make your offer competitive beyond price. Some markets are just really hot and limited inventory right now. Sign of the times. Best of luck sir.

 This is at least a step in the right direction for sure. I know I will be trying to take advantage of it.

The House of Representatives passed a new law called the "Equal Opportunity for All Investors Act" with a big vote. This law is meant to change who can be considered an accredited investor in the U.S. In the past, being an accredited investor usually depended on having a lot of money:

- investors are defined as those who make at least $200,000 annually

- or have a net worth of more than $1 million

But now, there's a new way in the works.

Under this proposed law, people can become accredited investors by passing a test created by the government and administered by a financial organization. This is a big deal because it would allow more people to join the group of accredited investors, opening the door to private investments.

The law's author, Rep. Mike Flood, says it's not just about how much money you have. It's also about knowing how these investments work. He thinks the law will help more people get into private investments, but it will make sure they know what they're getting into.

Now, the law goes to the Senate, but it's not clear what will happen there because there isn't a similar law in the Senate yet. So, we'll have to wait and see what the Senate decides. This change is a big deal and could affect how people invest in the U.S.

What are you thoughts?

Social media is a big tactic for me that I'm growing... long-term it's a way to get more leads than you can handle at a cost significantly lower than buying "warm" leads or anything like that. It's also a way to stay in contact with past clients and SOI, which as they said above is super important. I joined a team that has been killing it in my area for years, led by agents who did 300+ transactions per year and have been in the game for 20-25 years. A lot to be said about not needing a huge paycheck the first year or two and prioritize failing, learning, mirroring, growing over money. Do the work and TRACK it. We aim for 20 connections a day. Cold calling, it takes 100-150 to get it. You can get to 20 by calling expireds, realty or zillow leads, people you found on BP, social, friends, etc. GO to a biggerpockets meetup if there's one near you. Get used to talking to people all day, making friends, and using a good CRM or at least a solid spreadsheet to track your lead follow-up cadence. Also, when you try to reach someone new, don't give up after a call or two. If you do cold-calling or buy leads you may very well need to call them 7 times and send 5 texts/emails before getting through, don't take it personal. Many of our clients come from months or evens years of nurturing by reaching consistently. Best of luck!

We switched from KVCORE actually... FUB is the #1 for brokerages at this point. From everything I've seen and heard, it's no longer a competition. Highly integrated, works perfectly. I wasn't here when we used KVCORE though so I can't make a direct comparison. FUB is super simple to use. You can get it right away. We manage 35,000+ leads across multiple ponds and 20 agents no issues. I'd watch some youtube videos on a direct comparison. Also they just hosted a huge conference that apparently is insanely good, which leading agents from around the us. They are definitely more than just a CRM.