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All Forum Posts by: Mike Nelson

Mike Nelson has started 57 posts and replied 423 times.

Post: Full-timers- How did you do it?

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

Deadrick Colbert, when I started with my first VA, basically what she did was talk to sellers and found out motivation, qualified leads, set appointments and did follow-ups. Now I have several VA's calling and handling different areas. I also have a social media VA who helps me with my social media, real estate marketing and internet marketing efforts.

You would want to look for someone who has great oral and written English, a fast learner, eager to learn, and honest. A little challenging to find all those in a person these days but most of my VA's are referral from another VA. There are plenty of skilled workers from the Philippines. They have great communication skills and the callcenters are big there so you might like to find someone who has that experience.

Deborah Saddler, onlinejobs.ph and odesk.com are good places to look for skilled virtual workers.

I hope I'm not straying away from the topic here. The question asked how I was able to do REI full-time, I owe it a lot to delegating and outsourcing work to the right kind of people and developing a system that works for me.

Post: Full-timers- How did you do it?

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

I developed my own system that worked for me based on what I saw and experienced as well as those suggested by others. I do virtual wholesaling mostly. I started when I had a full-time job and I hired a VA to talk to sellers.

As I grew as an REI, I looked for more ways to do more business. I explored other markets and learned a lot of new stuff, courses, books, other REI's. Plenty of mistakes along the way. As I go along I hire a VA to handle the area. I partner with other wholesalers and continuously widen my network. And on top of it all, I continue to work on improving my system.

Post: Giving RE Commission to Charity

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

This is really a cool thing to do if your main intention is to be able to help and give back. I think we should all try to do this more often, Way to go! :)

Post: wholesaling

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

Will said it right. You don't want to waste your time on someone who's not motivated in the first place. He may want to sell his house but if he wants to sell at market price, or worst more...definitely not the kind of motivation you are looking for if you are looking to wholesale.

Post: Newbie Here in Chicago

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

Welcome to BP, Michal Sieczka! How is bandit signs working for you?

Post: Where to find section 8 tenants?

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

I agree on posting on Craigslist. Specify and highlight that you are okay to Section 8 tenants.

Post: Can you see these pics? Is it Termites or Wood Rot?

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

Yeah, looks like just wood rot.

Post: New member- Southeastern PA

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

I'm from Olney, Jeff Aponik. :)

Post: What Do Your Mailouts Say?

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

Hi John Thedford! I personally would prefer Sean Terry's if I were to choose from among what Michael Quarles posted. Mainly because I like to give them the impression that I am an Investor who's in the business of buying houses and gives solutions to homeowners like them.

I my experience, I've tried a number of different ways. The best way to tell which one works best is to really try it for yourself and see to which letter your market responds better.

Post: New member- Southeastern PA

Mike NelsonPosted
  • Wholesaler
  • Washington, D.C
  • Posts 449
  • Votes 94

Welcome to BP, Jeff Aponik! I'm originally from Philly. Skills you have from your background will come in very handy in REI. That should give you plenty of edge. I hope you feel right at home here.