All Forum Posts by: Christopher Salazar

Podio works for me. And I love how you can create and customize any app you need. I know it has a lot more to offer that I haven't taken advantage of yet as well. I would definitely recommend it. 

Awesome, thanks for the quick response! I'm sure once I have hired a VA I will have some questions so I will be sure to keep asking.

@Joseph Ball can you expand on creating a Word document? What should I add to the description? As of now, I'm trying to use a VA to find addresses for vacant properties in a specific zip code. It seems like I wouldn't need to write too large of a description to explain this. How would you go about this?

Some investors do it differently, but I use the 70% Rule as well when determining my MAO. However, I only wholesale my properties and I do not fix and flip just yet. But in my case, I'm also dealing with properties between 50-150k, not 750k ARV properties.

That being said, I never make offers that break this rule. If it doesn't work, there's always another property. I don't try to squeeze out a potential deal because that wouldn't look so good to my buyers who I want to build a relationship with. Especially just starting out, you want to market only great deals. It builds credibility a lot quicker as well. Good luck! 

Wow that is great info. I really appreciate it! 

I am thinking of hiring a VA to scrub for leads so they are coming in more consistently. I think I would use oDesk. A few questions for those investors who use them:

What are some things to consider when choosing one? What else do you use them for besides pulling leads? When the leads come in, how do they come in and how do you contact them? Anything else I should know, please let me know. 

Thanks!

You don't need a list of hundreds of investors like the gurus say. Focus on building relationships with a few to start and work from there. The local REIAs are a must. It'll take a while to build the rapport with your buyers, but once you have that, it'll pay off big time. It's a win-win.

I usually just give them a very rough estimate on the phone while doing some research while on the phone. But I never get off the phone until I give them a number, even if it's very rough. There's always a chance you will never get them back on the phone. 

I also give them two times to chose for a follow up. That gives the impression that they have some control in the conversation. 

It's up to you completely. Keep in mind that if you keep making it a great deal for the buyer, they will keep coming back to you for more deals. It's not worth trying to squeeze out the extra profit. In my deals, I always shoot for 5k so I negotiate with 10k in mind. If I get 10k great, but I still get 5k at the minimum this way. 

1) I took 2 months of learning before I took action. It took me about 1000 pcs of direct mail before I got my first deal. 

2) I think I lost some possible deals just by not knowing how to negotiate well and understand the need for solving people's problems. 

3) It ran smoothly for the most part. There were just a couple issues with the sellers and what they wanted. 

4) It was totally worth it. I've gained so much more confidence from when I started and it feels great to be in control. 

Keep pushing and good luck!