All Forum Posts by: Stephen Morales

@Sergey Shevchov

We have had a had few AI cold calling SaaS companies reach out to us looking for partnership opportunities. But in addition to what @Amanda Smith says, here's the issue:

Most of our users are focused on outbound marketing strategies...AI cold calling as of now violates TCPA (I am not an attorney and this is not legal advice). They say you MUST have consent or opt-in to be able to call using AI. EVEN THEN, You are suppose to disclose at the very beginning of the call that the entity they are talking to is an AI bot. 

Which IDK about you but as soon as I hear that disclosure, I'm OUT. 

Now according to some who push these services they say that they get consent from the people they reach out to since these are inbound leads. But again, you are suppose to disclose to the receiver that they are talking to an AI bot at the beginning of EACH call...

I am willing to bet that 90% of these companies pitching their SaaS AI Chat GPT wrapped bot are not being compliant with TCPA laws, nor are they disclosing this to their users or having them agree to it. 

So use at your own risk. Better yet, hire a VA if you don't want to do your own calls.

Hey @Daniel Barba

Have you tried pulling a list of buyers in your area? Depending on who you use you can set filters based on the property type so in your case mobile home, purchase in the last 6 months and they have a portfolio of 3 or more properties in your area. 

hope you got this one sold. Let me know if you still need help!

Hi @Jardin Gwin

Welcome to the club!

If you are looking to get into wholesaling a few things come to mind: 

- Do your basic education, you should learn the basic of real estate, real estate transactions and real estate wholesaling. You can get the gist in 1-2 weeks of watching free videos and taking notes. 

-Come up with a plan of action. What method of lead generation do you want to use? Are you going to do outbound or inbound? I would select ONE method and stick with it for 2 months before making a decision to switch. 

-Set your budget for every month. Despite what you may see online - rarely is one a successful wholesaler by taking the "free" route. I would suggest saving up and coming up with a 3 month marketing budget. 

If you need help with a workflow reach out to me. I can provide you one for free. 

Good luck out there!

Hey @Amir Twig,

At our company we preach volume. 

Most of our users seeing success are targeting owners with high equity and keeping the maximum value to 5-10% of the median sale value of your market and ownership at 3 years minimum. 

You can also narrow it down by doing absentee or out of state owners with 2-3 properties in their portfolio. 

Volume is key though with high equity. 

@Ying Tang Welcome to BPs!

1.) Congrats! That is a healthy amount of equity!

2.) That's pretty crazy that even with a renovated property and renting by the room you only able to net $200 in cash flow. Which is pretty scary, I would need double that amount to feel comfortable.

I know Phoenix, AZ was like the #1 competitive city for a time (and some will argue it's still is to date). A ton of wholesalers, agents, REIs and hedge funds are working your market. I myself work in a very saturated market but Phoenix is on another level! 

I think in your situation it may be a great idea to look elsewhere. I would look for up and coming markets, I see a lot of investors getting into transitional areas in the cities of Ohio and personally we have a lot of out of state investors that work Jacksonville, Tampa and Orlando. 

However, nothing really beats you being your "boots on the ground" and knowing your local market. 

What do you mean you weren't prepared? You just didn't have an AZ contract ready to send to the Seller? 

I applaud you for taking action but you should have the bare minimum ready for when someone does say they're interested. 

Which clay county are we talking about here?

Quote from @Catie Fihn:

How does everyone feel about flipping a house with an in-ground pool?  The pool itself needs some work.  We would fix up the pool and fill it prior to putting the house on the market.  My question is, will an in-ground pool make it more difficult to sell a house?  Is it a selling point that may attract more buyers?  We've never flipped a house with an in-ground pool, so any input would be appreciated!

It really depends where you live. Here in FL In-ground pools are a big plus when looking to flip a property. Our flips with a pool are much more desired than ones without and 100% add more value to it. 

The only buyers not interested in buying homes with a pool are hedgefunds we sell to or investors looking to turn it into a rental.

Quote from @Zeeshan S.:

Solid points @Stephen Morales. 

It's a great reminder that the "better" strategy often depends on individual goals and market conditions.

Would love to connect!

 Exactly! Let's do it!

 Were they laughing at the price? Or were they laughing because you didn't know the answers to the questions they were asking you? 

Either way this was a good learning experience for you. I would research the questions they brought up and watch some videos on REI. I mean if you have some specific subjects about REI that you need help with that's why you have us on the forums!

BTW I want give yourself a pat on the back though for jumping right into it! You will learn much faster if you get your feet wet and roll with the punches.