All Forum Posts by: Jordan Lewis

@Jordan Lewis What are you spending on marketing? Someone posting a while back stating larger investment firms were spending $60K per month in markets just like mine. That's nearly the amount I spent to buy my first property 2018!

As a smaller investor I'm doing the exact same stuff and getting the same results. No response. In my opinion as an investor/buyer I can't offer anything (right now) that a seller can't already get. We've had about 3 leads but the numbers were bad. I've been wrapping my head around that, marketing, barking up trees, and sitting in the corner for time out.

Hey Jaron,

I'm definitely not spending 60K a month! ha I would love to reinvest a majority of my profits into marketing and scaling but that's hard to do when there aren't any...

I have had a handful of appointments and made some promising offers lately but it does seem like sellers end up shopping everybody and going a different direction. I guess I can improve when it comes to building relationships and closing deals.

I plan to keep myself in the game until I learn what works and what doesn't and hopefully things will begin to happen. Thanks for sharing and I'm right here with you man!

0 Votes

Reno, Nevada

Quote from @Steven Foster Wilson:

Quote from @Jordan Lewis:

Hello BP,

I am 4 months into my real estate investing journey and I'm facing a bit of a power struggle with my day job, family obligations, and marketing for motivated sellers. Currently, I am driving for dollars and sending out direct mail to those properties once a week and trying to make calls during any other time I get. I have a couple hours a day (in the evening) to focus on my business but I'm not gaining much traction in the form of leads. I am trying to be patient with my situation and continue chipping away until I build some momentum but sometimes I wonder If I am putting my focus in the right areas.

For those of you who have had success with generating leads...if you only had two hours a day to dedicate to your real estate business, how would you spend it? and what would be the most productive use of your time?

(to preface my question, I am in the Northern Nevada market. I currently use Propstream, Postcard Mania, and have a Carrot website. I'm doing cold calls through a basic Google Voice number and that is about it for my software and marketing)

Any input, good or bad is welcome. I try not to be one of those new investors who just ask for help without putting in the effort first but I'm at a spot where any pointers or helpful direction can go a long way.

Thank you all!

When I was first starting out it was hard. I cold called for months with nothing coming in. Until finally someone said yes. I found that cold calling got my name out and I made connections with people that I still keep in contact with today. I think it’s also crucial to have your family see your vision and support you. Without my wife on my side and supporting/pushing me to keep going, I would have stopped along time ago.

Thank you Steven!

That is the same spot I'm in right now. Getting that first deal closed is my goal right now and I know it will do so much for my confidence and motivation. I am willing and ready to weather the storm until I get there. I am a single father but I have lots of family and friends, as well as my kids that I can share my journey with. I suppose I can do better at sharing my vision with them. I appreciate your input!

0 Votes

Reno, Nevada

Quote from @Jared Hottle:

Do the most you can consistently which is usually a lot less than you think. This will lead to success and you will gain momentum when you string weeks and weeks together. Sounds like you are doing the right things. Just keep the motivation. Definitely recommend reading how to win friends and influence people. I think it really helps as you make contact with potential sellers and be yourself. I drive/walk for dollars a few times a week and tell myself to make two phone calls a day no matter what. Somedays I make more, somedays are good, somedays are bad but consistency is really all the separates success and failure in my opinion.

Thank you Jared,

This was reassuring to hear. I'm pretty hard on myself when I have a bad day or bad week where I can't put as much time and effort into my growth. Overall I feel I am being consistent week to week so I will continue to do as much as I can with the time and resources I have and keep the fire burning. Also, I am a fairly avid reader so I'm ashamed to say I haven't read How to Win Friends and Influence People yet. I will make sure that is my next book! Thanks again for the recommendation and the support

0 Votes

Reno, Nevada

Quote from @Joe Fraga:

Finding Fiverr was a godsend. At 1st I used them for cold calling. Then as I learned I found people that specialize in lead generation for real estate. They will farm for you (with any options you want), get the numbers and make the calls. You can also hire a VA on there who will do all of that for you. I took my time looking for deals from hours and hours a week down to minutes. http://www.fiverr.com/s2/d0f83...

Thank you Joe,

I have used Fiverr once to get a motivated seller list but I haven't used it for any cold calls, V.A., etc. If there are any specific people on Fiverr that you recommend I would love to try them out! Cutting my outbound efforts down to minutes would be amazing.

0 Votes

Reno, Nevada

Quote from @Aj Nair:

@Jordan Lewis if you have a decent budget, consider using social media for marketing. Facebook ads, google SEO etc.

Or get someone to run those social media ads for you. Freelancer,upwork,fiverr etc.

In my experience, you should have around $1k in ad budget per month minimum to run paid ads, around $20-30 a day.

Once you have leads coming in, you can do what Daniel suggested above.

Definitely get a good VA - you'll need it to manage your leadflow and your investing journey!

At the very least, the VA can help you

- Research comps, market properties

- SEO

- Cold calling lists

- Answering phone calls and responding to email inquiries

- Give a report of your ads campaigns

- Create content for marketing campaigns in your local area

Imo, if you have only 2 hours a day, you probably should not be doing the lead-gen by yourself. Your time should be spent qualifying the leads or checking out properties and setting appointments.

Think about the most valuable part of the whole process that's difficult to replicate.

It's the actual meeting with the lead, closing & then flipping the home.

Generating those leads is something you can easily outsource.

Thank you Aj!

It sounds like you and Daniel are on the same page and my next plan of action is to hire a good VA and get them set up on cold calls and other lead gen activities.

I don't quite have the $1k a month budget right now but my goal is to be scrappy enough to close a deal or two and then I will use that money to fund a bigger marketing budget.

Also, the point you made about focusing on the things that are the most difficult to replicate is important. I will keep that in mind when planning my weeks moving forward. This will give me the confidence that my time and focus is being spent on the right things.

Thanks again!

1 Vote

Reno, Nevada

Quote from @Daniel Leonardis:

@Jordan Lewis - I am in the same boat. With a full time job and kids you wonder where the time comes into play. I can only give you my story and what it took to start closing deals.

* Get a team. Investing is a team sport. I found my niche in high value low time pieces of the lead funnel with a team of investors
* Cold calling is a time suck - hire a VA. Get the appointments from the VA and spend your time with high value clients ready to sell.
* Be adaptive. If one plan doesn't work after 6+ months, try another or add variations to what you are doing.
* Took me over 1 year to land my first deal and seller signed 3 other contracts! Lost the deal! Keep going, tenacity is key.
* Increase your targets. If the pool of prospects is too low, it'll take more time to land a deal.

* First deals the hardest, then you can start plowing that $ back into the business and expand marketing or paying for more help.

Good luck!

Thank you Daniel!

I will start getting a team built or at least a VA to work on leads while I'm unable to. I think this is exactly what I need to be more productive and efficient.

I know I have the tenacity to succeed and I plan on reinvesting a majority of my first deals back into the business so I just need to keep hammering away until I can close those first couple contracts.

Thanks again for the help!

0 Votes

Reno, Nevada

Hello BP,

Thank you all!

3 Votes

Reno, Nevada

Hey!

I am currently pretty busy with my day business and I am making cold calls any chance I get to motivated sellers. It's getting difficult to make a sufficient number of calls each week to keep the funnel flowing so I have been looking into outsourcing some of my cold calls. Has anyone had experience with the "real estate cold callers" on Fiverr.com? or any other VA type service? It would be a lot of help to get an additional 200 calls or so a week made but I am concerned about their quality and ability to get at least minimal results. Let me know if anyone has had success doing this or if I should stay away!

Any feedback is appreciated. Thanks!

0 Votes

All Forum Posts by: Jordan Lewis

Jordan Lewis has started 2 posts and replied 8 times.

Post: Maximizing Marketing Efficiency with Busy Schedule

Post: Maximizing Marketing Efficiency with Busy Schedule

Post: Maximizing Marketing Efficiency with Busy Schedule

Post: Maximizing Marketing Efficiency with Busy Schedule

Post: Maximizing Marketing Efficiency with Busy Schedule

Post: Maximizing Marketing Efficiency with Busy Schedule

Post: Maximizing Marketing Efficiency with Busy Schedule

Post: Fiverr Cold Calling Experiences?