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All Forum Posts by: Russell Ponce

Russell Ponce has started 22 posts and replied 386 times.

Post: 70,000 Mail Pieces in 2014; What Did I Get For It?

Russell PoncePosted
  • Investor
  • Santa Rosa, CA
  • Posts 402
  • Votes 96

I believe M. Quarles said on his 2nd bp podcast that the calls are answered live during business hours. 

Post: Phone Answering Services Feedback

Russell PoncePosted
  • Investor
  • Santa Rosa, CA
  • Posts 402
  • Votes 96

I was checking this out last night and there are a ton of options. The cheapest ones I found were about a dollar a minute and the next level up started around $2/min. An interesting one I found was called CMS I think, they've been around awhile and work with investors. They're out of Ohio. You could take the calls yourself when you're available to cut down the cost.

I've thought about hiring someone like a stay at home person but I'd feel obligated to pay bonuses for houses under contract and so in the end maybe a virtual secretary wouldn't be that bad.

Post: Tom Krol as a wholesaling coach

Russell PoncePosted
  • Investor
  • Santa Rosa, CA
  • Posts 402
  • Votes 96

Bill doesn't need me to defend him but it's the hyper - sensitive BS detectors that keep BP's integrity off the charts. 

That being said, Tom has, on two separate occasions, taken his personal time to help me and I never felt that I was being sold. The podcast series he did with his brother should be required listening for young deal finders. For what it's worth he just seems like a good guy. 

Post: How can I find out what is owed on a property I am interested in?

Russell PoncePosted
  • Investor
  • Santa Rosa, CA
  • Posts 402
  • Votes 96

There is a way, at least in CA, but I don't know how it's done 

Post: Direct Mail

Russell PoncePosted
  • Investor
  • Santa Rosa, CA
  • Posts 402
  • Votes 96

You'll typically get more calls with letters but I've experienced better calls with pc's. The letters got me more people who were just curious, as opposed to the pc callers who "knew what was up" so to speak. 

That being said, if its a highly targeted list then letters may be more favorable, and if you're great on the phone then you may want more calls. If you have a huge list then maybe pc's would be more practical. 

I've used Jerry Puckett for letters and Michael Quarles for postcards, both can be found on here and I would recommend either gentleman. 

Post: New Investor looking for tips and advice!

Russell PoncePosted
  • Investor
  • Santa Rosa, CA
  • Posts 402
  • Votes 96

Join your local reia and start to network 

Post: New Investors: Get Educated or not?

Russell PoncePosted
  • Investor
  • Santa Rosa, CA
  • Posts 402
  • Votes 96

Thanks David, your post has spurred the members for some good dialogue. In a couple other endeavors where I've spent quite a bit of time and energy, the information endorsed by the largest and most credible organizations has often been the most bland and ineffective. 

That being said, I'm reading J Scott's book and love it, and I have great respect for Bill's tome of knowledge. One day, after stumbling and clawing my way long enough, I'd like to carve out a modest place for myself in this exciting industry. 

Post: Returning calls from Marketing list

Russell PoncePosted
  • Investor
  • Santa Rosa, CA
  • Posts 402
  • Votes 96

That's interesting, I've never even thought about it and don't know the answer, but I think it's fairly common practice to call or text hangups. I get idiots calling me all day and I never called them at all, that's got to be worse. 

I think there's that list that people get on in an attempt to halt cold callers but I can't imagine returning a call is the same thing.

Post: New Investors: Get Educated or not?

Russell PoncePosted
  • Investor
  • Santa Rosa, CA
  • Posts 402
  • Votes 96

I've heard of at least a couple guys that got their start with Carlton Sheets or some other infomercial back in the day, must have been something to it I imagine, although I don't know personally. 

I loved the university days but the dominant thought on graduation day was that you can learn anything you want with a little curiosity and determination. I think you ignore the cloak of legitimacy at your peril, better to be a banker than a shylock, but if some guy admits on a podcast that he doesn't know anything about real estate but has enough hustle and specialized knowledge to support his family with a thriving business, I can't muster an ounce of disdain for him.

I just read through an accredited RE Principles course, and it was good stuff, I liked it, but it didn't teach me to market for deals. 

Anyways, we're probably on the verge of some new regulations, and it's probably for the better, but this little mini gold rush hasn't been boring. 

Post: Out-Of-Area Investing Courses?

Russell PoncePosted
  • Investor
  • Santa Rosa, CA
  • Posts 402
  • Votes 96

There's a lot of stuff out there on this topic. Cris' program is very technical and a classic in the industry, apparently it was fairly instrumental early in Joe & Alex's careers  (from real estate investing mastery). Sean Terry interviewed him on his podcast #64, a very thorough discussion of his method which revolves around marketing to landlords  (a very saturated group nowadays).

Anson Young talks about it in his bp podcast and Rob Swanson has a course on it that I haven't seen but he's interviewed by JP Moses on Moses' website. 

It seems like a lot or most virtual wholesalers are co-wholesaling nowadays  (working with other wholesalers who already operate in the market). That's my impression anyways, and you can find some of them on here.