Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Gustavo Munoz Castro

Gustavo Munoz Castro has started 15 posts and replied 255 times.

Post: Finding off market properties

Gustavo Munoz Castro
Posted
  • Specialist
  • Bothell, WA
  • Posts 268
  • Votes 79
Quote from @Ryan Thomson:

@Justin Brown You can certainly find off market properties but they require your time and consistently spending money. 

We are finding off market properties in Colorado Springs, but we are paying a lot of money every month for cold callers and mailers. If you find a deal it could pay off, but it is a risk. We've found several already that will make it worth our while, but that's obviously not guaranteed. 

You have to weigh how much of a deal you think you'll find, how much time it will take you, and if you think it will be worth that time. 


 Hey Ryan, curious where are you finding your cold callers for your business?

Post: Advice on pulling accurate lists for reaching sellers

Gustavo Munoz Castro
Posted
  • Specialist
  • Bothell, WA
  • Posts 268
  • Votes 79

How has the calling been going for you? One thing I didn't see mentioned is making sure the number/dialer you're calling from is being marked as spam/spam likely or outright blocked by the carriers. This is the biggest issue with cold calling nowadays.

Post: Deal Structure for Off Market Deal

Gustavo Munoz Castro
Posted
  • Specialist
  • Bothell, WA
  • Posts 268
  • Votes 79

on a side note, where did you find your cold caller?

Post: Finding off market properties

Gustavo Munoz Castro
Posted
  • Specialist
  • Bothell, WA
  • Posts 268
  • Votes 79
Quote from @Justin Brown:
Quote from @Gustavo Munoz Castro:

Those are some good ideas. If you have some success with that, you can go wide and get a list of absentee owners (landlords) and cold call them even if they're not looking for a tenant and talk about whether they'd like to sell? Great way to scale it up.


 where do you go to get a lists


 Propstream, LeadSherpa, The Share Group, even the big residential RE players like REDX and Vulcan7 have absentee owners. I have discount codes for those last two if you need em, investors usually go with the first few ones though.

Post: Bringing on a dedicated caller to take a little off my "plate"

Gustavo Munoz Castro
Posted
  • Specialist
  • Bothell, WA
  • Posts 268
  • Votes 79

Hi Season, I run a virtual call center that helps RE Agents and investors with calling. We have native English speakers with industry experience for $5-$7 dollars/hr. Let me know if you'd like to connect.

Post: Trying to get into wholesaling as a 17 year old.

Gustavo Munoz Castro
Posted
  • Specialist
  • Bothell, WA
  • Posts 268
  • Votes 79

Some great advice here already. My thoughts:

1) You're experiencing exactly what cold calling is. A GOOD contact rate is 5-10% nowadays (dial 10 numbers and one picks up) if you can keep your phone number from showing up as spam.

2) Most people are gonna say no. That's ok, thank them for their time and keep calling. You need to be having 20-30 conversations a day to get a shot at finding a solid lead every day. LEAD, not an appointment or a deal, someone that didn't hang up or tell you to EFF OFF and kinda/sorta/maybe wants more information.

3) You're gonna have to learn to follow-up with these leads. They don't all convert on the first call. Everyone you have solid conversation with but don't convert into an appointment, call them monthly at least and ask how things are going? they still interested in selling?

That's the work it takes. Other low cost ways to find deals is driving for dollars, get to know the areas you want to find deals in, talk to nosy neighbors, etc. Don't underestimate the power of some hustle.

Post: Looking to connect with any R.E. Broker or R.E agents

Gustavo Munoz Castro
Posted
  • Specialist
  • Bothell, WA
  • Posts 268
  • Votes 79

Welcome! Are you looking to find investor-friendly agents? In general, RE Agents and Brokers find business several main ways:

1) Personal sphere/database. Friends, family, past clients, co-workers, etc. This is where the majority of agents get their business. Referral and recommendation.

2) Prospecting. Few agents do this, but this is an excellent way to generate listings. Cold calling, mailers, door knocking, etc. This is how some great off-market deals can be found. Takes a lot of work, but it definitely works.

3) Online advertising. Basically paying for leads. The most expensive way to generate business, the pro is that it can generate leads in 24 hrs or less. A lot of agents find these easier to call than #1 and #2 above. Agents mainly use Facebook and Google ad platforms for these but also there are Zillow, Realtor.com, etc.

HTH

Post: Finding off market properties

Gustavo Munoz Castro
Posted
  • Specialist
  • Bothell, WA
  • Posts 268
  • Votes 79

Those are some good ideas. If you have some success with that, you can go wide and get a list of absentee owners (landlords) and cold call them even if they're not looking for a tenant and talk about whether they'd like to sell? Great way to scale it up.

Post: Letter's to find Off Market Properties

Gustavo Munoz Castro
Posted
  • Specialist
  • Bothell, WA
  • Posts 268
  • Votes 79

Don't discard also calling your target list. Cannot hurt to make some calls and see what happens. This has several advantages:

1) Much less passive. You get your question/offer to your target much faster.

2) Much faster. A single person can reach out to 100-200 owners a day with a single line dialer, many more with a multiline like Mojo Dialer.

3) Once you have a system in place, you can hire a VA to help you cold call and just hand off the responsive leads to you (they won't really hand off appointments).

HTH

Post: Finding Wholesale Properties!

Gustavo Munoz Castro
Posted
  • Specialist
  • Bothell, WA
  • Posts 268
  • Votes 79

Have you tried calling your lists? SMS is getting much harder to do at scale due to the A2P 10DLC regulations, we're seeing tons of people opt out at the first shot. Calling them can give you another shot.