All Forum Posts by: Nick Hill

I quit my job (sold first business) before my first deal. It really just depends on your confidence, personality type and risk tolerance. For me, it was not a question if I would succeed or not. Others my not be as confident in their abilities at first.

Welcome Steve!  I live near 590 and 611 and currently work rehabbing houses for Waypoint Homes.  Good luck with your search!

@James Wise It does sound nice.  Increased profitability, credibility and flexibility?  Multiple marketing messages in one mail piece would increase effectiveness.  Also speeds up goal of Real Estate full time-ability. 

 Anyone do this?

Is it plausible to become licensed to help recoup marketing costs?

Wholesale the best deals, take the good listings and pass the rest to fellow agents for a fee?  Say maybe 20% of commission on closed transactions or a flat $10 per lead?  I understand that you yourself must be a licensed agent to receive referral fee.

Wow, that's awesome!  Do you think it was your message that made your response rate exceptional? How have other mailings faired?

Ok, so we know having a mentor can be the difference when starting out.  Having an successful investor in your corner is a definitely a great "edge".  How can someone such as myself offer value though?  Thanks!

Good question.  I'm new at this but maybe my response will get some juices flowing.  

They don't want top dollar.

If they are calling you then there is some reason they don't want to go the conventional route.  They might not want to spend more money to fix it up, hire a realtor, put it on the market proper and wait for it to finally sell.

I would talk less about numbers (even though they will act like that's all they care about) and try to get a better understanding of their overall situation.  What is their ideal selling situation.  Quick?  No repairs?  No hassle?  Fair price?  Try to feel their situation and build trust before even think about a number.  If the house is in good shape and would do better being sold conventionally for retail I would tell them so.

If they throw out a crazy number that's pretty much the same.  If the house was worth that and they wanted top dollar they would go conventional.  They know that, you know that.  There is some reason they are calling you and it's your job to uncover that.  If you help them realize that they would rather sell for retail with a realtor then that's great.  You connected, built trust and and consulted a prospect on what their best path is for their own personal situation.  That can only reflect well on you and your business.

Like I said, I'm brand spanking new but that's how I've always conducted business!

First of all...

Wow, what a GREAT website and community!!!

Seriously, this resource has done more to motivate, educate and convince me that I can do REI than any other resource, PERIOD. I am very excited to be apart of it. Now a little bit about myself...

I'm a remodeler/carpenter by trade and after a 3 month travel expedition around the country I have settled in Pinellas County, FL.  I want more than the 9 to 5 and know that I'm capable of such.  I've done much reading and am excited to start marketing for deals with the intention to rehab the right one.  Wish me luck!

Thanks for the input guys!

Ok, so I'm building an absentee owners list is a small affluent college town.  The number of undefined leads in my geographical area is 38K. I whittled this down to about 3,000.  I then added 40-100% equity and I get a whopping 150ish total leads for absentee owners.  I am suspect... 

For kicks I changed the equity parameter to 1-100%.

According to List Source, out of my total geographical area (38k) there are only 10k properties with 1-100% equity.  When I add my other parameters the grand total is 299 leads with 1-100% equity.

Am I missing something?  Should I just use "Last Market Sale Date" >7 years instead?

Thanks.