How Much Does It Cost To Automate Your Real Estate Wholesaling Business
What are the costs of automating your real estate wholesaling business?
If you're thinking of automating your real estate wholesaling business, you might be wondering what kind of costs you'll be looking at. In this blog post, we'll go over some of the potential costs of automation and help you decide if it's the right choice for your business.
Related: Free Training Video: How To Get 5-15 or More Wholesale Deals Each Month
How to Automate Your Real Estate Wholesaling Business on a Budget
The costs of automating your real estate wholesaling business will vary depending on the size and scope of your business. However, there are some general guidelines you can follow to help you determine how much it will cost to automate your business.
Software
First, you need to consider the costs of the software or system you will use to automate your business. The price of these systems can range from a few hundred dollars to several thousand dollars.
You'll need somewhere to pull your lists from. I recommend Propstream. You can pull 10,000 leads each month stemming from Vacant to High Equity, to Absentee, to Tax Delinquent and.... We you get the idea. It onlu costs $97 a month.
Or if you want a little more detailed data, you can go to Geopoint Data. They allow you to pull records of people with high and low income as well as high and low credit scores. You can also search based on size of household, whether or not the owners still have kids living at home and a few more other features. Geopoint's a little more expensive that Propstream (Geopoint is about 25 cent per record with phone numbers), but definitely worth it if you have a really specific, targeted market you're going after.
Speaking of Geopoint Data, they by far have the absolute best skip trace data at a modest 11 cent per record. You can use Promo Code ALPHA20 for another 20% off 🤑🤑.
Now before you start marketing, you need to make sure you know what you're doing. It may sound as simple as throwing all of your data in a power dialer or hiring a team of VAs to cold call for you but that's fruitless. You should check out CosMoSys AI REI's Roadmap to Closing your first Creative Real Estate Deal.
Hiring Virtual Assistants
Second, if you don't have the time to do it yourself (Which you should if you are using The Methods taught in This Free Training), you need to factor in the costs of hiring someone to set up and manage your automation system. This can add up to a few hundred dollars per month or more, depending on the complexity of your system. If you can find you a reliable and affordable Virtual Assistant, these expenses can be minimal.
Ease of Use and Management
Finally, you need to account for the time it will take you to learn how to use and manage your automation system. This learning curve can take a few weeks or longer, depending on your level of experience and what system you're using. For example, I personally used Podio... Not a fan. its confusing and apparently needs a bunch of other addons or programs or something.. Idk. I tried it for about 6 months and kicked it to the curb.
I find that CosMoSys AI REI Software is a much more efficient, All in One platform that allows me to manage all of my businesses with ease from one single Tab.
Overall, the costs of automating your real estate wholesaling business can vary widely However, if done correctly, automation can save you a significant amount of time and money in the long run.
