All Forum Posts by: Stephen Morales

You're welcome dude! Doesn't hurt to take a gander at some key cities and areas. When you end up moving just make sure to do thorough research on management companies that can help you once you move. It's great to have boots on the ground that you can trust to manage your investments for you. 

I didn't say they were motivated per se, but you'll run into more sellers that are willing to hear an offer when they have high equity. The "motivated" list that are getting called are getting called by dozens of other wholesalers everyday. The high equity Sellers have way less touches on a daily and weekly basis.

We had a new user just pull a list of high equity, 15,000 records and they have 3 contracts their first week of using us. They also noticed how many more leads they were getting on a daily basis. 

But again, volume on this list is key. I would recommend a triple line dialer to get through 800-1000 dials per day in an 8 hour period. You can run through 10,000 property list twice in one month. 

@Isaac Pyle

Cool post, thanks for sharing your journey with us. 

If I were you I would look at strong possibilities of where you and your girlfriend are planning on moving after she graduates. If it's in a great market I would maybe start looking at virtual deals there and possible rental opportunities. 

If you're stuck on house hacking like Nicholas said it might not be too late to start. Think about it this way, you buy a duplex and rent the other side. You start having someone contribute to payments for now and when you two decide to move, then move when you want and rent out the other side. Just make sure the rents cover the mortgage and you can comfortably cash flow. Next thing you know you're building equity!

SO WHAT if there's a gap for a month (maybe two? Pick a good property and area!) when trying to place a tenant. I think it's okay to be cautious and wait for the right time, but there is no silver bullet to fire when it comes to investing in real estate.

@Brayan Valdes

Feel free to DM me and I'll be happy to get some additional tools and a workflow out to you that is easy to follow. 

Just because it's easy to follow doesn't mean it won't be hard work though!

@Alyson Anderson

I agree that AI can handle a lot of grunt work and give you some meaningful input on copy, listing descriptions, market research feedback and even pre-qualify leads. 

But I would make the argument that many people, including your potential clients are experiencing AI fatigue. It's like when I see an ad (especially with the AI generated photos, bleh!) it's an instant turn off and I blow right past it. 

AI is still missing human touch. As you said It can feel robotic, miss context, or drop the ball on nuanced client questions. Setting up those automations also takes time upfront and testing, so don't underestimate the onboarding effort from what a VA can do for you. The VAs can also refine and keep the automations up to date for you.

We choose to get the best of both worlds and utilize AI as it's meant to be, which is a tool for humans to use. 

Hi @Tiffany Haley,

Glad to see you out here connecting with other peeps!

Hope everything is going well. Let me know if you need any additional advice!

@Aydon Acevedo First, build a targeted list of at least ten thousand high‑equity and pre‑foreclosure leads using a list‑building platform with skip‑tracing. Equip your outreach team with a high‑connection‑rate dialer like Readymode or Kixie, schedule eight‑hour calling days. If you can't afford a team then expect to be on the phone yourself 8 hours a day.

From that volume you can expect to generate roughly 2–4 seller leads per day. Over the course of a week that adds up to 10–20 solid leads, putting you on track to lock up at least one contract every 5–7 days.

Problem is, 80% of people don't want to put in the work I just laid out.

@Daniel Jodrey

As some others have said, house hacking is the way to get started here. Would be curious to hear an update on how your search is going so far. 

I would allocate some capital into lead generation while also working with a local realtor that is investor friendly in your markets. Try pulling some off-market homes with distress indicators or higher equity (70% or more). There are some sites where you can pull list for free here on BP :). 

But even though you are feeling the FOMO from not investing during the c19 era, just know that there really is no silver bullet to fire when it comes to investing in real estate.
Especially for the strategy you're wanting to implement.

Hey @Krystan Menz,

I would check out some cities in FL. Although we have seen a lot of new investors, Jax FL is still one of the top cities and is still experiencing rapid growth. Maybe one of the bigger downsides is the cost of insurance in recent years.