All Forum Posts by: Gerrell King

Antoine Martel I’ll be wholesaling and using lease options starting out

Antoine Martel It will be part time. I work full time but I’m off at 230pm so I have my afternoons and evenings available. Do you still mail in LA? If so, how many pieces do you send out a month?

Hi @Logan Allec how many letters did you mail in LA county compared to Kern county?

Also, how did you manage booking appointments to view the homes in Kern county?

As for Multi-Family investing using an FHA loan, I plan on doing just that using the profits from my first couple of deals. Great idea!

@Jeff Greenberg Thanks for the invite.  I'll see you Saturday!

Hi BP family!

I'm in the beginning stage of building my business and I'm looking to keep the momentum going by establishing a daily/weekly routine.

I'm interested in knowing what some of you all do on a day to day to run your business and to consistently close deals.

At the moment I'm considering the following:

-Making daily posts on classified sites like Craigslist advertising that I buy houses

-Calling FSBO's and FRBO's

-Driving for dollars & Door Knocking

-Answering calls from my direct mail campaigns and setting appointments

Are there more things that I should be doing?

Thanks!

@Brett Goldsmith I really like this idea.  I've been doing a lot of research on how I can make LA work and I came across a video on YouTube with a guy saying how he closed a deal by calling the seller.  He mentioned the seller was receiving a ton of yellow letters so he asked why she decided to sell to him and her reply was because he was the only one that called her....go figure.  

Plus door knocking would cut marketing costs big time and I drive a hybrid and can write off the mileage.  

Do you think people would get pissed off at me popping up at their home?

@Andy Cross That's interesting that you say that.  I have a few friends that live here in LA but they've been buying properties in North Carolina and Georgia.  They told me if I were market in those areas to find them deals they'd be willing to either pay me a commission or maybe even give me equity in the deal. 

I've been considering it but I only have a budget to market to one location and since I'm at the beginning phase of building my business, I wouldn't be taking appointments or anything that I would be doing if it was in a closer market.  Decisions, decisions...

Jason DiClemente lol I do plan on making a low offer. Do you ever make offers on a home when a seller is asking for more than what the property is worth? I heard always make an offer since there’s always a chance the seller might say yes. Andy Cross I’ll use the BP calculators when I submit the offer. I’m hoping the numbers will justify why the offer will be lower than what he’s asking. The seller also gave me his email address to submit an offer, which probably isn’t the best way to make an offer

Thanks Andy Cross that’s a good. I’ve definitely heard “the market doesn’t matter” plenty of times yet I’ve never met anyone that is successfully doing business in LA. The one person I do know has been flipping for 20 Years and has foreign investors as partners and they only flip apartment units. Nonetheless, I ordered my business cards last night and bought my domain name. I’m gonna take your advice and build a simple website. What are your thoughts on marketing outside of LA County?

Hi everyone, I'm been pulling my hair out (not literally) trying to figure out where to get started with building my business.  I'm based in Los Angeles and originally from Bakersfield, which I visit often.  

My biggest problem right now is choosing a market and being able to afford marketing costs.  I've been researching what to do and hear so many different things.  Some say get a website and business cards, others say don't waste your time on websites and cards and focus on finding deals.

From what I've heard, direct mail is the best way to find deals but even that approach can be pretty expensive here in LA since it takes months and a massive volume to get the phone ringing.

I've considered marketing in Bakersfield but if I do, I've been told I'll need to be able to drive there asap if I book an appointment, and that isn't always possible being that I work full-time.  

I'm ready to get started but don't want to spend my time doing the wrong things and wasting money.  

I have a budget of $500/mo.  Anyone in LA have advice or input on what's working for them?