All Forum Posts by: Ryan Dossey

@Steve Oxenreider

Welcome to the site. You've found the best community for Real Estate. I'd recommend using a D4d app and door knocking/cold calling. You'd be surprised just how fast you may get that first deal under your belt! 

@Jeff Filali I appreciate you sharing your metrics. $2,500-5,000 per deal is pretty spendy. 

What sort of ad are you using and who are you targeting? 

@Josue Llanas Create duplicates of the ads and split the up over age groups and genders. You may find women don't respond at all while men do. 

If you have access to quality data you may be able to build custom audiences and target your prospects through custom audiences. In one market we were able to generate hundreds of clicks from the folks on our lists at $0.50 or less per click. (Compare THAT to adwords.) 

The problem is that it can be hard to generate regular leads. You'd do well using something like Oncarrot.com to use as a "squeeze page". 

But... In your ad you need to give away value. The typical "we buy houses PICK me" approach is going to deliver very poor results. Feel free to PM what copy/ad you're going to use and I'll give you my thoughts. 

We've done really well with retargeting our site traffic with relevant info to generate converts.

@Phuong Dinh

Glad it helped!

I can definitely understand the frustration. I think the problem is one of proximity. If they're not seeing the house, being told by a property manager (Everything is going great!) and the rent is coming in... You've got a perfect recipe for an "accidental" slumlord. 

At the same time... You're probably not going to sell someone who bought an income generating asset that they should sell because they're bad for the neighborhood. I would work on either... Finding ways to buy them out... or....

If property maintenance is "on your heart" for you community launch a property management company. It's thankless hard work. But if you're managing their properties you're typically their first call when they are ready to sell. 

I hope you have an awesome rest of your week @Tiffani Baggett

In 2016 the US Census Bureau found there to be 125,852,000 households in the US.

I want you to look at that number. Really try and grasp the depth of how many houses that is. One Hundred Twenty Five Million Eight Hundred and Fifty Two Thousand chances for you to get started in Real Estate. Literally all it takes is one YES and you're off to the races. 

If you're scared off by competition and a scarcity mindset you'll never even get that one. 

What should you do? 

You need to find someone local who will let you see the backend of some of their deals. Where they found them, what they paid, how they financed, them etc. 

@Matt Inman Did this for me. Just a nice solid guy I met on Biggerpockets. I got to walk a project or two of his and learned a ton. 

I've known done more deals than I can count. 

But... You're going to have to put yourself out there. You're going to have to ask. You're going to have to network. 

How bad do you want it? 

Remember that giant number we discussed? That one we can hardly wrap our heads around. 

There's more than enough houses to go around. 

Is he asking your for $200,000 on a 2nd position? 

@Jessey Kwong

Just use good judgement. If they sell a product or service.... Check out their references if you're interested. If they sell a product or service make sure they actually personally use it... There's been a trend lately of some "keyword" squatting where the same folks answer questions on everything in a very copy/paste authoritative kind of a way. I've got no problem with helping folks or businesses helping folks. As long as they're actually doing and successful in what they're selling. 

I will say that I've bought courses, used services, and met MANY people from BP with great luck. When in doubt check their references. 

@Phuong Dinh

https://www.vistaprint.com/stationery/sticky-notes...

See if you can't find a coupon anytime you order through Vistaprint. I save 50% all the time on random stuff. If you can't find one.... Call and ask. They often have something they can throw on there to help you! 

I would suggest calling them. These guys are drowning in DM on their properties from guys marketing to absentee owners every day of the week. Your piece of mail is going to end up in the pile of junk mail that's headed for a landfill. 

Instead... 

Hello Mr/Mrs Home Buyer, 

I noticed you just bought the property at _________ and I'm curious if you guys are looking for more properties? Perfect I've got one at __________ I'd like to send you information on if you're interested. Would that be alright? 

Yes) Perfect. What's a good email for you? Are you guys typically looking for homes like (the one you just bought) or something different? Any particular areas I should ear mark for you guys as a priority if I find something? Awesome. 

No) Oh, okay. So are you just not interested in that area? Or not interested in discounted properties period? 

__________________________________________________________________________

Don't be like the idiot who called us a few days ago. He literally asked me for POF, addresses of properties that I own, and said it was a requirement his "business partner" (probably his cat) established. I asked him if he had anything under contract.... Crickets... Nope.

Don't try to Marry your buyer on the first date. Get to know them over a few calls. Send them a few deals and ask more questions as you go. Real Estate is all about relationships. Build them and you'll go far! 

I recently was in Portland, OR meeting with clients, speaking/attending a REI meetup, and spending time with my wife. While we were there I swam in my first waterfall and had a blast doing it!

Check out the post and video at the link below!

Overcoming Fear