All Forum Posts by: Account Closed
Account Closed has started 15 posts and replied 49 times.
Post: Are SFHs worth keeping more than a few years
- Wholesaler
- Jacksonville, FL
- Posts 55
- Votes 47
SFHs are a goldmine if you buy them right and they produce for you.
Post: Wholesaling strategies and networking
- Wholesaler
- Jacksonville, FL
- Posts 55
- Votes 47
My man Jerryll knows what he's doing. I have been working with him on my own personal website for the past 2 months and have learned the ways of the monkey and how SEO really matters and does have the greatest ROI over time!
Post: Finding Motivated Sellers (Without Breaking The Bank)
- Wholesaler
- Jacksonville, FL
- Posts 55
- Votes 47
It’s all about the leads, fresh leads, qualified sellers, the ones we really want to talk to. Yet, even after extensive marketing, these deals can be elusive and near impossible to find. Often times, a whole budget can be blown without securing a single profitable property. This can make many people frustrated, and want to shy away from the real estate investing game; causing them to give up on ever finding a deal. However, it doesn’t have to be this way! There are a few solid marketing tactics to generate motivated seller leads where you’ll never have to spend a single dollar! You heard that right, free marketing!
Here are the top 3 ways to target motivated sellers without ever breaking the bank:
1. Driving For Dollars
Driving for dollars consists of driving around neighborhoods looking for homes that seem to be vacant or in distress. These properties often have large amounts of deferred maintenance such as overgrowth of shrubs and tall grass. Many of these homes also feature structural damage like holes in the roof or boarded up windows. When driving for dollars, try to find between 50-150 properties each trip, but know that it’s up to you as to how much house hunting you’d like to do. Simply jot down the addresses of your prospect properties and find out each owner through county/city records. After this, get in contact with them via call, text, or email and see if they’d be interested in selling.
Cost- $Gas For Vehicle$ (Or take a friend’s 😉)
2. Cold Calling
When it comes to sales techniques, no other has held its weight more over the years than cold calling. But who do you cold call? There are many reasons why someone would want to sell their home. With all of the data available today, it isn’t too difficult to obtain very specific lists catering to people who would be motivated to sell. Some popular motivated seller lists to target are:
- Probate
- Pre-Foreclosure
- Vacant
- Absentee-Owner
- High Equity
All you’ll need to do is obtain a niche list (can often be found from city/county office). This list will contain all of the addresses for your specific location criteria and motivation target. From here, lookup the owner’s contact info online and give them a call. Phone calls are a great way to build rapport through your voice and the specific questions you ask. Some phone numbers can be hard to obtain so skip tracing your list can lead to a lot more opportunity to reach prospects. Skip tracing can cost anywhere from 6-30 cents per lead, depending on your service provider.
Cost- $0
(Skip Tracing Cost Varies)
3. Door Knocking
Another old fashioned way to find sellers is by walking up their front steps and bringing yourself to their attention. This is one of the most direct ways to market yourself or your business. This practice can be scary but it gets you right in front of the seller and allows you to build instant in person rapport. You can skip past all of the cumbersome time spent trying find an owner’s phone number or email and get a chance to offer your services to the prospect face to face. However, knocking can be time consuming and walking around streets can get tiring. In addition to this, many owners might live at a different address than the subject property, so knocking on the door of a vacant house won’t get you very far. Door knocking is very effective as long as there is someone there to answer your knocks (preferably the owner).
Cost- $0
As you can see, there are a few great low-cost marketing methods in the REI space. If you're budget is tight, and you don't want to go in over your head, try these techniques out. Maybe you've spent a lot of money on marketing in the past and didnt see the ROI you were hoping for. Now you aren't willing to put anymore of your hard earned dollars on the line. That's ok! You can market for FREE, and still be successful! Even though these marketing methods are inexpensive, they have been proven to generate great leads for businesses, year after year. The biggest thing to remember is to not give up! There's always a way to make it happen. Now go out there and close some deals!
Post: How To Build A Credible Business/Brand in 2019
- Wholesaler
- Jacksonville, FL
- Posts 55
- Votes 47
In today’s fast moving, social media driven business world, your overall brand presence and awareness is crucial to your success, growth, and expansion. People want to know who you are, what you represent, and are seeking to find out if you’re a legitimate and credible business, company and person.
When you’re just starting out, it can be quite the hurdle to break through the noise and show and prove yourself as a stand up entity. No matter what market you’re in, there are guaranteed to be other competitors broadcasting their talents, taking up ad space, growing exposure, and building business relationships with clients that could and should rightfully be yours to secure. Nobody likes to be the little guy, and looking up to the top dawgs can seem intimidating. But fret not! It’s possible to get into the big leagues with consistent determination and focus, often faster than you may think. However, it won’t be a walk in the park. Everybody wants a piece of the pie, but not everyone is willing to do what it takes to make it to the table. Growing a presence in your market requires putting yourself out there, working extremely hard and showing people what sets you apart from the rest. In order to achieve this, you must analyze what your competitors are doing and create something better, something outside the box and unique. Provide major value and do it day in and day out, over and over again. Through this, you will garner a ton of attention and acknowledgement. One way to showcase yourself on a large scale is by utilizing all avenues of social media. Showcase your company, your message, what problems you solve and how you can help others by providing value to them in whatever way you do. Broadcast who you are EVERYWHERE. Facebook, Twitter, Youtube, Instagram, LinkedIn etc. Show people on all platforms the inner workings of your business and give them a real glimpse of how you operate day to day. Let people know what separates you and your business from everyone else in your industry. People are often inspired by those who open up and allow themselves to be vulnerable. When you are 100% transparent and honest about what it takes to do the work that you do, and how it is you help others, people will become interested and want to keep up with what you have going on. This is how you grow a following and build solid relationships.
You want to be be on top of mind when someone has a problem or situation that you specialize in. Whether it’s buying houses, fixing roofs, or creating logos, you have to be the first person that they think of when they need assistance. Word of mouth goes a long way, and every business starts with it’s first customer or client. Make sure you bring top notch service and quality to that person or group. This way, you already have planted your first seed which will grow to a tree with many other branches (aka referrals). This will be your first step into gaining massive credibility and goodwill. From here, continue to build your client base and encourage people to share their experiences that they had with you. This allows others to see that you truly do what you say you will. This has a huge ripple effect and is super important for you to grow and sustain success as a business. Once you start gaining traction, allow others to see what you’ve achieved and accomplished. Take them along with you on your journey and share what’s worked for you and what hasn’t. Sometimes giving value for free can be much more beneficial in the long run than any fee or commission you can make off of your knowledge and advice. It shows people that what you do is for THEM and that you care more about your following and client base than you do about your own wants and needs.
As business continues and things keep going well, push your branding and awareness further. Get your name out in the airways through scaled advertising and marketing. Put yourself in front of new audiences, different people and bring new eyes on your company and the solutions you provide. It’s only up from there. Continue to give your best service, promote and showcase your business in front of as many people as you can, and really execute on the things that set you apart from your competitors. Do what others are either too lazy or too scared to do, make creativity a priority, and give value unconditionally. Keep this up and there is no stopping you from becoming one of the top companies/brands in your market.
Post: How To Build A Credible Business/Brand in 2019
- Wholesaler
- Jacksonville, FL
- Posts 55
- Votes 47
Post: Jacksonville, Fl Agent Needed
- Wholesaler
- Jacksonville, FL
- Posts 55
- Votes 47
I would be happy to assist you, I am a licensed realtor and investor in Jacksonville. Feel free to shoot me a message.
Post: Cold Calling Vs. Text Message Marketing (THE TRUTH!)
- Wholesaler
- Jacksonville, FL
- Posts 55
- Votes 47
In today’s fast paced real estate investing world, many people are constantly seeking more effective ways to market to their target prospects. As technology has developed, more and more state of the art marketing strategies have emerged. Over the last 5 years, text message prospecting has been on the come up and many people are taking the initiative to move from the old age cold calling approach to the new age text message drop. Texting has many pros compared to cold calling, yet there’s a reason that cold calling has stood the test of time in terms of getting results from your respective message to your prospect. In this article, I’ll explain some pros and cons of each and the reasons many marketers are moving their campaigns from calling to texting.
Cold Calling
Cold calling has been a marketing staple for generations of salesmen. One of the main reasons for this is because of the rapport you can build over the phone through things like tonaity, pauses, and stroking. It allows the prospect to hear what you sound like, and your sales pitch or program can be much more convincing when you’re able to use your voice and create an emotional response. People often feel more comfortable talking over the phone than emailing or texting, especially when it’s someone they haven’t yet met in person. They want to know that who they’re talking to isn’t some scammer or someone that they should avoid, and a phone call can help work through some of these defenses. However, cold calling has it’s cons as well. For one, in 2019, more and more people are on their phones, yet less and less are picking up calls from unfamiliar numbers. This is partly due to the mass soliciting that has been taking place in all markets and businesses. People are tired of the spam and don’t want to hear another call center agent from India trying to get their information. This can lead to a lot of abandoned calls and voicemail machines. And as for voicemails, you’ll be lucky if the inbox isn’t completely full or that they even listen to your message. In addition to this, calling can be very time consuming if done manually, prompting many people to switch to an automated dialer such as Mojo or Calltools. This is what has driven many businesses to rerouting their marketing dollars and switch over to texting.
Text Message Marketing
Marketing via text message has been on the rise over the last 5 years. Many people have such a busy routine to where they don’t have time to pick up the phone. This is why a text message that they can view and reply to later is much more convenient. Some other pros of text message marketing is that you can send a text much more quickly than waiting for the phone to ring. Texts are pretty much instant so you’re getting a point of contact immediately. Another benefit from texting is that the owner is 98% likely to open and read the message. This blows the percentage of people opening and responding to a voicemail out of the water. In addition to this, many people are not as comfortable on the phone and would prefer to hide behind the safety of their screen when talking to a buyer/seller/stranger etc.
However, texting does have its flaws. Some people feel texting to be too intrusive and violating their personal privacy. They also can’t see or hear who it is they are actually talking to, and this can turn on some warning signals. Also, a lot of homeowners may only have a landline telephone, so there is no option to even send them a text.
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In the grand scheme of marketing strategies, texting and cold calling hold their own. Each avenue will be sure to render mixed results, so try some campaigns out and see what works for you and what doesn’t. Both have their respective pros and cons and I encourage all investors/marketers to implement both systems into their business.
And remember, if at once they don’t reply, call or text again! 😁
Post: Mobile Home Transporting (A How To)
- Wholesaler
- Jacksonville, FL
- Posts 55
- Votes 47
You'll have to check the specific wind zone on the HUD Data Plate. Pretty sure it varies per state/region.
Post: Mobile Home Transporting (A How To)
- Wholesaler
- Jacksonville, FL
- Posts 55
- Votes 47
Mobile Home Transporting (A How To) In the world of real estate investing, it seems like the “mobile home” is either viewed as the ugly duckling or the secret weapon by investors alike. There are a lot of pros and cons to mobile home investing, in addition to various strategies and unwritten rules that investors seem to follow. One of the main challenges of mobile home investing is dealing with the lot rent that parks charge which can take a chunk out of your possible rental cashflow. This has promoted many investors to look into moving these homes onto plots of land that they own and are in complete control of. However, how exactly do you move a mobile home? And what rules and regulations do you have to adhere to when deciding to take on this task? This article will cover the ins and outs from start to finish so you’re able to make a wise decision as to whether it’s worth moving your mobile home as well as whether or not it even can be moved. So you’ve found a mobile home that you’d like to move. Maybe you own it in a park and are tired of paying their rent or maybe you met an owner who is looking to clear up space for his new farm project and needs the home off his lot ASAP. Read below to learn about 4 things you’ll need to mark on your checklist before even getting this plan underway.
#1. Can the home be moved? When moving a mobile home, you have to first make sure that the home can be moved without risk of it falling apart during transport. Every mobile home has a HUD Data Plate inside of them,(or should if it hasn't been removed) usually in a cabinet or in the electric panel. If this sheet is missing, you can always order a new one direct from HUD fir around $100. This sheet will give the owner various facts about the home, including the home's wind zone. This wind zone dictates if the home is safe to be moved. Mobile homes with a wind zone of 2 or higher are safe to be moved. Homes with a wind zone of 1 cannot be moved. These homes are usually built pre-1980.
#2. Where will the mobile home be moved to? If you’re going to be moving a mobile home from one place to another, you better make sure you have a piece of land or a lot picked out before you have someone come move it. In addition to finding the space, if you aren’t moving it into a park, you have to make sure the zoning of your land allows for mobile/manufactured homes to be placed there. You will also want to pull a permit(s) from the county for things such as septic and driveway (these vary based on what you plan to do)
#3. Who is going to move the home? One of the hidden challenges in moving a mobile home is actually being able to find someone to transport it. The person moving it has to have a specific license to do so and most of these guys are booked up with jobs sometimes longer than 30 days out. This is why it’s a great idea to plan your move in advance and set yourself up with many reliable contacts who can complete the move for you in a timely manner.
#4. Is it worth paying the transportation cost to move it? The cost to move a single wide here in FL costs anywhere between 3-5k. The larger the mobile home, the greater the cost. If this cost doesn’t make sense in relation to your initial investment and what the home is valued at, it may be worth reconsidering this game plan and leaving the mobile home where it is.
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These are just a few of the main obstacles to consider when moving a mobile home. It’s important to prepare yourself accordingly and have everything go smoothly if this something you are going to embark on. Moving mobile homes onto desirable plots of land can turn out to be very profitable, as the land adds a huge amount of appreciation and value to the mobile home compared to the value of the mobile home unit by itself. It can also be a great way to build cashflow if you decide to rent the home out, whether it be in a park or on your own lot. Moving mobile homes can be tricky but if done right and if the numbers make sense, it can be a great strategy to implement into your real estate investing toolbox. -
Nathan W. Claire via-
“The Property Prince”
Post: FSBO- How To Decide When To Accept An Offer
- Wholesaler
- Jacksonville, FL
- Posts 55
- Votes 47
“Ring, Ring!” Your phone goes off about a hour after you post your home for sale on Zillow. It took you a while to do this, but you’re finally ready to sell. You’ve decided not to go with an agent, who needs those guys anyways? Charging their ridiculous fees and not exactly promising a sale. You pickup the phone and answer. It’s a buyer interested in the property. Wow, that was fast! You answer a few questions and then come to the dreaded price talk. You have the property listed at 75k and the seller tells you 51 thousand! The audacity! You try and argue your case about how much your home is worth based on the past sales in the area but he wont come up from his price point. He promises a fast closing with no costs to pay. Sounds nice. But 51k? Ouch! You tell him you’ll let him know. After hanging up, you contemplate if you should accept. You really need cash in your pocket for that move to Cancun but you’re almost SURE that you can get more for the property.
When it comes to accepting an offer on your property, this can be a daunting task. Listing your house by yourself takes courage enough, but now having the phone ring with a potential paycheck on the other end, and wondering if you should stay firm on your price and wait it out? It all depends on your situation, as well as how precise and fair your asking price is in relation to the market. If you just smacked a price on your house because you thought that "that sounds about right," you may be in for a rude awakening when you realize you priced your home far too high, or an investor calls begging you to take their money at above asking price! Pricing your home at market value is important, and the urgency and timeline for which you wish to sell your property is just as. Maybe you have college loans to pay and you absolutely NEED 50k for the property to cover the fees, or maybe you don't really need the money at all and you're fine with 40k and a fast closing. Everyone's situation is different. When it comes to accepting an offer, consider all the factors. Is the offer fair? How will I feel if I sell my home for this price? Am I factoring in the added costs it would cost for a realtor to list my home? Once everything is into consideration, it's much easier to decide if that buyer's offer is right for you. Don't just go on emotions alone, make sure you're getting what the market is willing to give you. And remember, you're the one in charge and your property may mean a lot more to someone else than to you, so don't bank on them not willing to pay you a little extra. FSBO's are a great way to sell your home without having to pay agent fees and deal with lengthy contracts, just remember to have a bottom line price in mind and visualize how you want your home sale to go.