All Forum Posts by: Duane Alexander

@Darian Hardy

Couple ideas

1. Post your deal to Craigslist without the exact address. Then interview all the inquiries that come in and add them to your list.

2. Bandit signs that say “FIXER UPPER. 2b/1ba 25k CASH” and then interview everyone. Even if the deal is gone or pending with another investor, still interview them and add them to your list.

3. Pull cash buyers from PropStream.com ($99/mo) and then skip trace their info through LeadSherpa (they can get LLC contact info). You can hand dial them or text them through BatchLeadStacker or load them into a dialer like Mojo and cold call them. (I literally am doing this this week and it 1000% works. I do it every six months or so to refresh our investor list)

4. Offer $1000 to your existing cash buyers if they refer someone who ends up buying a deal from you. 9 of 10 referrals won’t buy your current deal BUT they’ll now be a part of your list. If they bring you someone who buys a deal and it makes you $15k, the $1,000 is totally worth it.

5. Scrape FB pages for your city’s real estate investors. For example, I scrape buyers from “Indianapolis Real Estate Investors” all the time. Can pull 20 from there easily every month.

Good luck!!

Hey man,

It depends.

Markting is not "marketing".

Our competitors spend about $3k/month and they barely get  leads while we get multiple leads a day without spending a cent.

So that is the first lesson here. Not all marketing channels are the same.

Now on to lesson #2.

Although I do not spend a cent for my REI company, I do spend money on my SEO company for marketing. I do facebook marketing. Again my competitors don't get too many leads while we get plenty. Your marketing strategies are as good as the efficieny of your ads resonating with your ideal audience.

So here is the trick.

1) You need to reach your ideal audience... and 

2) Your message needs to resonate with that ideal audience.

You shouldn't focus on "ads spend" and how much money you need to reach a quota.

If your ads suck monkey butt, you need to spend a ton of money and who knows if you even get anything... monkeyBUT... if your ads are awesome., you would have to spend a fraction of what your competitors spend and you will make a ton of money.

Think Credibility and message resonance, not so much adspend.

Hope that helps

Hi Folks,

My parents have owned property in NYC. I don't think I have that opportunity to put my hands on a Million dollar multi family just yet.

I have been looking into the atlanta market to do a BRRRR, all numbers made sense until after I realized that doing the REFI Cash out will increase mortgage payment, to where its negative cash flow. I dont want to liquidate my stock portfolio which ill have to pay almost 24-32% tax on for something as small as 50-100 cash flow.( any tips on how to avoid heavy taxes is helpful )

House needs full rehab, average arv is about 300K

whats is a rough estimate for a full house rehab? (walls, kitchen, flooring, bathroom etc for a 1200 sq ft home.) this will help determine how much I should be all in for.

Is it safe to buy a house with half rehab done on it? why would the last investor bail?

In need of property managers, realtors, and GC in atlanta area. any suggestions would be great thank you bigger pockets Community.

@Duane Alexander for the volume I go through (about 8,000 properties per month), I need to carry about 60 phone numbers.

I don’t use STOP messages, but I would if I were offering my CRM as a service to others for compliance.

@Duane Alexander

1) my system automatically purchases and uses new numbers when old phone numbers reach a certain threshold of “overuse”. I leave the old numbers to “cool off” for several months before throwing them back into production.

2) each of my canned responses and automated texts come in 10-15 different wordings. Each time it’s used, a random one is selected so I highly reduce the number of similar-looking outbound messages.

3) text messages are throttled if my system sees that numbers I send are getting marked as spam. Not only will it try to resend these spam-marked numbers at a later time, it’ll wait to send new text messages until it’s safe to do so.

As far as I know, no company does all of these things off the shelf. If they do, please let me know.

@Spence Kal Podio custom automations with GlobiFlow got out of hand.  Even when optimized, it wasn't able to automate my tasks consistently enough at scale.  As my company grew (because of the amount of automations I had) the system was starting to skip automations.  I wanted to build my own because I believe there's a gap in the market of companies who are able to do SMS marketing well.  This is compounded by the fact that carriers are now getting very good at filtering spam texts.  I'm able to get around the spam filters while many others are not.

@Mark Sewell I totally agree with you. You have to have a strong conversion foundation before any type of marketing will really be beneficial. There are strategies you can use on Facebook to increase your social proof and speed that process up but if your website doesn't reflect that then it's not going to be beneficial to push traffic there.