All Forum Posts by: Kyle Geoghagan

Hey Mitchlyn,

Thank you for the insight! Of course I would offer the realtor some kind of fee or incentive or percentage of the transaction (I don't expect them to work for free! Haha). I am already looking for the deals myself as well so I am just trying to increase my odds of finding a deal!

Hello All, 

I am looking for a realtor with creative financing experience. Mainly prioritizing no or low down deals in Tallahassee and Jacksonville FL. My price range for down payments is $2,500-$5,000 (max) or preferably less. I have $5,000 to work with and would prefer to buy two homes at $2,500 down, but will consider one home at $5,000 down. Although I already believed it to be true, I have been reading Creating Wealth by Robert G Allen and it only pushed me even further to believe it is out there if you look! The only problem is that the book is pretty dated (from the 80's) so he explains to find these deals in the newspapers or yellow pages which obviously are no longer prevalent. 

Thank you!

Yeah the episode was from 2013, but I have to assume those types of softwares are still around? But I have not really had them get angry or annoyed it just makes me feel less professional. I am always honest and say I just sent out a good amount of text messages so it may take me a minute to find yours. The filter system on BatchLeads is not great so its hard to directly find, but I guess my hope is that if my voicemail says "Hey this is Kyle, if I texted you about a property leave your name, number, and address and I will get right back to you" I would have people willing to just say those three things and forget about it until I get back to them

Hello all,

This is not a question of ringless voicemail software. After listening to the BiggerPockets Show 31 podcast about wholesaling with Lamar Cannon, he speaks about a voicemail service he uses that forwards callers to a voicemail where they can say some information about the property, their name, etc. He uses this because he has callers call him expecting him to know everything about the property. I am facing the same issue, I will send out 1,000+ messages and receive 3-5 calls and they all start out with "you just sent me a text about my property." and nothing else. I have to attempt to ask about their property name, address, their name, etc. until I can find it in the thousands of texts I just sent. This takes up a lot of time and loses me rapport with the seller. I would much rather have them leave me a voicemail with the property name, their name, number, etc. so I can call them back and know everything and be prepared for the conversation. I attempted to DM Lamar on BP but he has not responded and I also checked the show notes and it was not in there. Does anyone know what service he uses or a similar service I could use? Thank you!

Hello! After some marketing I came across a good amount of vacant lots that owners are willing to sell. Is it a viable option to wholesale vacant lots? If so where could I find buyers for such a thing? Should I check Facebook, Craigslist, etc? Or is there a better place?

I personally know two experienced flippers/rehabbers and would like to potentially partner with them/get some rehabbing experience under my belt so I can learn and have something to show my experience. I would like to approach either of them or both of them and ask to potentially partner or have some kind of arrangement where I can get experience (and get paid in the process as well). What should I know before I approach either of them? What should I have ready? If you're a flipper/rehabber and someone were to approach you asking to partner what would you ask them/like to know before you got into an arrangement with them? 

My experience:
So far ive been in the real estate game since Feb 2021 (a little over 2 years) and have done 2 wholesale deals (I was wholesaling part time while in school). Both properties were in bad conditions. I have read a multitude of books and listen to podcasts every day and stay current on my knowledge. My end game is to obtain rental properties through BRRRR which is why i'd like some rehabbing experience. Let me know!

Quote from @Jerryll Noorden:

Quote from @Christopher Bawiec:

What is the most effective and efficient way to find a deal?

I have tried a number of ways including getting a list on Fivrr, cold calling, driving for dollars, Redfin searching etc. but no deals thus far. I am wondering if I am on the right track and simply need to keep working in this way or if I am expending too much energy on something when there might be a better way.Any advice will be helpful. God bless and thank you in advance!

Gang, EVERYONE, I respectfully will tell you to read this message if you want to change for the better.

If I tell you all that you are wrong, I get resentment, so I am trying to say it in a polite way...

Let me show you this:

All these leads are free. I do not find them. They find me. I am not "persistent" and I don't "follow up", (they follow up with me), I do not lift a finger, I don't do ANYTHING. They just come to me.

The reason why SMS, cold calling, and driving for dollars etc. etc. don't work is because NONE of these strategies can target motivation. NONE.

In fact there doesn't exist a way to target motivated sellers,. NOTHING. No batchleads, propstream, forclosure list absentee owners list, no nothing.

Do you know what I truly hate?

SOOOO many of you get nowhere using these strategies, but everyone stays quiet. If everyone started coming out and acknowledging that this crap doesn't work, less people will fall into the clutches of these gurus misleading the masses.

Again, do you truly think you are the exception? No dude. millions are struggling.

Stop chasing random people and hope they are motivated. What kind of strategy is that?

The ONLY way to reach motivated sellers is for you to make it easy for them to find you. That is the ONLY way.

Think facebook ads, think SEO, etc. etc.

Also people should stop saying things like "it is a numbers game".. as if that makes it OK. 

There is absolutely ZERO strategies in counting on a "numbers game".

Furthermore let me prove to you mathematically, that it is NOT a numbers game.

If you were to cold call half the nation, then yes it COULD be seen as a numbers game. When your audience sample is the entire nation and you reach out to a significant portion of that sample audience, then this could approach a numbers game.

BUT how many people are you truly reaching?

There are 209,128,094 adults living in the USA. How many people do you call per month?

100,000?

Well that is 0.00478% of the population you are calling.

This is SUCH a small portion of the entire sample, and chances are you will have ZERO motivated sellers in your subsample of 100,000 people.

So it is NOT a numbers game, right? A numbers game implies that it is 100% certainty that there is at least 1 motivated seller in your targeted audience.

If I have a pond with ONLY red fish in it, and you are fishing for green fish (but there are no green fish in the pond), is it a "numbers game"? Will you eventually get a green fish if you keep fishing? NO! It is only a numbers game if there IS a green fish in the pond!

But what rule implies there is? It is a mere assumption dude!

When I read people talk "numbers game" it hurts my soul. NO people.. I know you mean well and it is so awesome you all take the time to offer help... but you are wrong. Not opinion, this is data! This is YOUR OWN data. Your own data tells you it is not working... yet you are surprised when it actually does not. So friggin weird people are.

You all know before even trying all these strategies that your conversion rate WILL be less than 1%, but you do it anyways, and then you are shocked that it is not working. I TRULY do not understand you humans!!

If it was a mere numbers game don't you think a lot more people would be successful?

Yes right?

NO ONE would be afraid to spend their last fortune on cold calls because the more calls you make the higher chance you get a deal. Everyone would then simply spend $30K on cold calling and they should make $300K in return. But no one does that. Not even the people that replied telling you that it is a numbers game.

This is the mistake you all are making.

He over there got a deal using texting to the foreclosure list.

And Linda over there got one, DMM the absentee owner's list. And Gorge over there, he got one driving for dollars.

Now, this is what you all do...

You selectively grab and collect ONLY the people that have gotten a deal, put them into one bucket and say: "SEE it works, these strategies work, I have 3000 people in this bucket here that got a deal".

But that is obviously not fair, right?

You have a pond with red fish blue fish grey fish orange fish, and you selectively only pick redfish and then conclude, that the point only has redfish.

What you should do is throw a net, and see what you get.

What you should do is ask 1000 RANDOM people that do all these strategies and then ask them how many of them do REPEAT deals doing these strategies.

Even if you just asked 1000 random people if they got a deal, never mind "repeat deals" the number would still be extremely low.

THAT would be a fair assessment of the strategies right?

Hope you all learned something here...

Think... success will follow!

Would you mind me asking what service that is that pulls your leads to your emails? Are you just going to the MLS to find your motivated sellers? I currently use BatchLeads with not much luck. I got one $20,000 deal with DealMachine and one $12,000 deal with BatchLeads (although this has all been on the side and I am just starting to make it my main focus). I want to get a website to do pay-per-click/SEO to bring the sellers to me as you say. Is there a post you can direct me to or explain a little more? That would be greatly appreciated! Trying to take my wholesaling to the next level by having the sellers come to me.

Great! I have been looking about 30-45 minutes outside of the bigger cities as well as some within those cities (Dallas, Houston, Austin, San Antonio, Corpus Christi, etc). If any of those sound interesting to you i'll let you know! Where is your area?

When I first started my investing career, I started with DealMachine and was sending out Direct Mail Marketing. I probably sent thousands of mail and got little to no response. I moved over to BatchLeads to do SMS campaigns and receive a much higher response rate (even if it is a no). I was wondering what other softwares are out there (like maybe ListSource) that wholesalers use for lead generation?

 Working on another big wholesale deal (that I will post about when done) and buying a rental property!