All Forum Posts by: Samantha M.

@John Chapman We are both in the same market. The 70% rule is a guideline, if you are getting deals at 75% ARV in this market you are doing fantastic. Its very common for rentals to be going for wholesale rental deals going at 80% ARV. People will buy them all day long at that price.

@Aaron Mazzrillo Like Aaron Mazzarillo said in his podcast, a good wholesaler is really at the top of the pack in REI. Wether they started as a wholesaler or not, because at that point you can make money assigning contracts and cherry pick the very best deals for yourself.

The problem is precisely what @Jon Holdman noted. Too many people are fed this pipe dream from a REI guru that came through town. Wholesaling is a business, you have to spend money marketing and you have to be consistent with it, and it is very difficult to build this business or any for that matter from the ground up. I know people that started off initially with a $500 per month mailer budget, and it took them awhile to land their first deal, but every time they did they rolled the profits right back into marketing and now this person is closing on about 3-5 properties per month. And he started at a modest $500 per month budget, pretty impressive.

I love good wholesalers, without them I wouldn't have found half the deals I closed on this year. You just have to be able to find real ones.

Is there any potential liability, as an investor, buying an estate property at a discount, under market value, for a profit? Estate executors have a fiduciary responsibility to act for the benefit of the estate. I

If you are able to buy the house at a discount, does that introduce any liability to you personally?

@Account Closed Thank you so much for your detailed response. Very helpful! Just to quickly ask, are there any components that listing agents in particular need to focus on? For instance I would assume buyers agents need to really focus on the financing and finding properties on the MLS that fit their clients needs.

What would a listing agent really laser focus on?

Also does she need a leased Mercedes too appear legit LOL! (Just a joke, sort of).

Assuming one can find listing leads through marketing, PPC or SEO. What would be a good strategy for a listing agent to secure listings when they have no closings under their belt as a realtor? Is this even possible?

I ask because my daughter is working on her license, she has some experience, but only as an investor side buying rentals. We both currently market for own off the market rentals to buy, and its working great. But once she has her license she wants to start marketing for listings as well as a realtor.

Do you mark down your commission as a selling point if you dont have previous listing experience?

Thanks everyone

For those of you who have done split tests, what do you notice in terms of results for a local vs vanity number? Do they average out about the same or does your market favor one over the other?

Thanks

For my latest batch of mailers I was considering using Standard 3rd class postage because it is quite a bit cheaper, 10 cents cheaper in fact which is huge with the quantity I am mailing.

My question is, generally, how long does it take for the post office to get around to taking care of your mail with standard postage? How long does the mail just "sit there" is it more than a few weeks, perhaps even months?

With that being said perhaps some more experienced users can chime in such as @Dev Horn

@Aaron Mazzrillo

If you are doing 2k mail pieces a month how long does it take to build up enough momentum to get to where you are actually consistently closing on that 1 a month?

I am assuming you might only close on a few during the first 6 months of advertising. Then after that if as you continue to send 2k per month you will start regularly doing 1 a month as you said. Would love your feedback, thanks Aaron, I think I speak for everyone when I say thank you so much for all the feedbkac you offer on this site, very generous and giving very much appreciative.

@Aaron Mazzrillo In your opinion what would be the minimum number of mail pieces needed per month to begin your journey in direct mail marketing and make it worth your while? This is assuming you have a quality lead list as well.

Thanks

@J Scott To be fair and be consistent with the nomenclature, I dont think we should refer to "hyped up fresh out of the seminar going to quit in 2 weeks anyways" people with the "I am looking to build a business wholesaling" people. Two very distinct groups of people.

Therefore I wouldnt refer to the latter group as "wholesalers" at all :)
That's why I am trying to get you guys to have a little more empathy for the real wholesalers out there that worked very hard to get to where they are at. Or the guys just starting out busting their butt to try and land that first real deal.

That confused me in the original message. I wasn't even aware people do this, that is advertise a property they don't even have under contract. Who teaches this garbage?