All Forum Posts by: Ryan Dossey

We always do 1k.

We all joke that criminals are dumb... But this guy takes the cake. He literally wrote his name. The responding officer was like yep... We know who this is. Local highschooler who likes to B & E. This doesn't count as "proof" but we haven't had any issues since they dragged him in for a chat. 

Ps: Simplisafe for properties that are obviously vacant rules! 

Your Acquisitions Manager Should NEVER field your inbound calls. 

As real estate investors we all know that getting a good deal is the most important part of our industry! If you don’t have a deal you don’t need financing, property management, leases, contracts, or staff.

The #1 responsibility of an acquisitions manager is negotiating, acquiring, and locking up great deals. This month alone my acquisitions manager has had 187 new leads come in that he needs to analyze, make offers on, run appointments on, negotiate with, and follow up on. Can you imagine if he was also required to talk to every telephone tough guy, tire kicker, and take me off the list that came in?

Intro… Burnout

What happens when you ask your AM to field all your leads as well? The number one thing that we see is burnout. They start to drop the ball on follow-ups, process leads more slowly, and start to miss more calls.

Is a closers highest and best use talking to unqualified prospects?

One of our clients added an extra 2-3 deals a month and has since had several six figure months by doing this.

Read the full article by clicking here!

Stephanie, 

I love that you guys are considering turning your home into a rental. (That shows REAL dedication)

A couple things. 

1) If you sold the house how much $$$ would you walk with? Is this enough money to do BRRRR deals in your area?

2) I would be hesitant to own a rental property with a pool just for the added liability. 

In Indianapolis one of the big trends we've seen is that "equity" is given by completing a subpar rehab and cutting corners so the TK provider can still squeeze ever $ of profit out. My local "we buy houses" brand talks to hundreds of sellers a month and a LOT of them are from the west coast who quite frankly got hosed. 

If you must go the TK route I would fly out and view the asset, get the opinion of an unbiased BP member in the area (I do this all the time for folks looking at deals in Indy), and do a bit of research on the property. 

Neighborhood Scout is an AWESOME tool for viewing demographic data for neighborhoods. 

When I'm looking at buy and holds I analyze crime trends, employment, news, and attempt to graph if the property is going up, coming down, or staying the same. Looks can be extremely deceiving. 

So here are my thoughts... 

1) I do not discourage paid training. Why? Having someone assign goals/tasks and handhold you through the process can be priceless. Now... I'm not a fan of selling someone a video training series for 30k however, I tend to look at mentoring as what's the lifetime value of what you're learning? I can't speak for who you're referencing but taking a newbie and getting them through a deal or two... Is going to make you a lot of money long term. 

Now,

That doesn't mean he is the best option or if you can/should plunk down 10k. I understand the "I'm buys" side of things but we also have to look at how bad do you want this? You've been lurking for a few years and haven't dove in yet. Sounds like now is the time. 

Have you read @Anson Young's book? This is where I tell EVERYONE to start before anything else. $30 or so they charge is a bargain for the content. 

@Liz Murphy Rentometer should be pretty solid. You can also look pretty easily on Zillow at rentals in the area. The majority of landlords don't list rentals on the MLS. (although some still do!

I think that you're making the argument here that because it's "your property" you are in the clear. While legally that position may be able to be argued we run into the issues of how did you get it to the property? At what point did you put it on your person? While transporting it did you follow all state laws? 

In several states your gun, magazine, and bullets have to be separate. 

What this REALLY makes me wonder though... Is.... Who are you renting to? 

If your tenants aren't of concern then my next question would be where are you buying? 

If you really want to just get your CCW. 

This is another reason that we never collect rent in cash. They can pay online or send us a money order. It's better to prevent any "targeting" in the first place! 

Hey guys, 

Ryan here. Long-time BP member and investor. 

My company Call Porter set a record this month that I'm really stinking proud of and wanted to share with you guys. 

For those of you who don't know us: Call Porter is a call center for real estate investors. We only take calls/work with investors. Our staff are trained exclusively in building rapport, screening for equity/motivation, and booking appointments directly with sellers.

We have been featured in Forbes, Entrepreneur, The Real Dealz Podcast, Invest Four More, Dwellyn Show, and many others. 

So what was our record? 

Less than 0.038% of calls went to voicemail this month. Less than half of one percent! If you're taking your own calls, using another answering service, or having your acquisitions manager take your calls can you say the same? 

Our average call is picked up in less than 10 seconds. 

Anyone who calls in and hangs up we status as an abandoned lead. We call all abandoned leads back every single day. Most investors don't even do this for themselves! 

Our staff is required to ask for an asking price twice, required to ask if pricing is flexible, and uses a How to Win Friends and Influence People based approach. We are rapport driven vs. ramming callers through a 50 point question script. 

Best of all, we can actually book appointments with motivated sellers who have equity and want to sell on the spot. 

If you're sending direct mail, deploying PPC, Facebook ads, or bandit signs we'd love to help you grow and scale. 

We have over 31 five star reviews. 

Here's an indepth video review from a client: Michael's Review

If you're BP Pro member we offer a discount! 

Head on over to Call Porter to schedule a free demo. 

It also helps that as the founder, I'm a buy and hold investor personally using the service! 

Another really neat feature to this is releasing. When we find out a unit is coming up and our resident doesn't want to stay we can "show" the property without climbing over their stuff. 

We actually call our walk-throughs "final walk-throughs". Meaning... They should pretty much be there to pay their app fee and if approved (credit, income, background),  sign the lease.