All Forum Posts by: David Lecko

@Bobby Valcin you can spend your time, or you can spend your money.

Large investors spend $30,000 per month on bulk mail. It's easy do to when you have the money.

Beginner investors often drive for dollars and door knock. It's easier to do when you don't have the money but you do have time.

Time is a huge advantage because large investors are operating at such a high volume, they do not follow up on time-consuming activities like skip tracing a piece of returned mail. If you go the extra mile, you will find gems that nobody else will.

@Derrick Redd 

1. It's not a waste to market to LLCs, but absentee owned and owner occupied have yielded me much better results overall.

2. Go look for properties where your buyers want to buy. If you don't have any buyers, go to a REIA or an auction (even better) and meet some! Also, google this video by max maxwell "buyers list hack max maxwell"

3. Start with a location where your buyers want to buy. Then look for properties that are the bottom 20% of shape in those areas. You want the "Rough" in the "diamond neighborhoods" so to speak.

Hope this helps!

@David Edwards thanks for the shout out! The discount code is "BP"

@John Mucilli great to see you getting started. Aim for adding at least 200+ properties as soon as you can. It might take more, but this is a helpful bench mark for those just starting out. Make sure to follow up with each of them once a month for at least 3 months. Let's get you some deals!

@Albert Mainja what's up man! I'm the creator of DealMachine. You have to add more properties than you have! Aim for 200+ distressed properties, and follow up with them all once a month for 3 months. It is a numbers game, so far it looks like you are 1/4 of the way there to adding "at least" 200 minimum.

Hey! That's awesome. I'm the CEO of DealMachine and off the top of my head, I would suggest looking up Scott Oots. I am not sure if he's active on BP but his IG is thescottoots.

@Kevin Moules yes, postcard is an extra charge. $.99 of you send less than 100 per month... $.49 each of you send more than 100 in a month (Mailer Pro)

@Shelly Forte oh I see. they must have used a promo code to get 20.

If you go into your app, click on get free leads, you have your own promo code you can share with others and if they use it to start an account, you both get extra credits :)

@Joe M. How ya doing? Good question

First just wanted to make sure equity is understood.

Let’s say the market value for a house is 100,000

The owner has a mortgage for 80,000

The owners equity is 20,000

Now that equity is defined check this out: of the owner had a mortgage for 100,000 he would have 0 equity. Let’s say you need to buy the house for 50,000 because it’s in bad shape. Well the owner owes 100,000 so there’s no way they can sell it to ya for 50,000

@Jo Kinal if you’re an agent it’s good to disclose that. Other than that it’s up to you. Some people like to specify they’re NOT an agent to make clear they want to actually buy their house, not list it.