Well hello it’s been awhile but I have had major technical issues that prevented me from posting for a few weeks, but I’m back!!!
So as far as my question a lot of the big name guys are really pushing this whole social media for building your buyers list and selling properties thing, and well I have to kindly disagree to a point.
Facebook is huge which I’m sure all of you know already. A few months ago it passed Google as the most viewed website on the entire internet. (FYI the internet is a huge freaking place) Now can you find buyers on Facebook probably so, but its not in the typical manner where you take some info and shoot them properties that fit their criteria. In my opinion which matters to few people you can find people in groups who buy houses and build a relationship with them via Facebook and eventually do some deals with them, but that is probably the best you can do with it. It may actually work better with other wholesalers who just want to put out their deals to as many people as possible. I have actually added a few people I was Facebook friends with to my buyers list before, but they came from Open Road 3 oddly enough.
Twitter is almost in an identical boat, but with a much bigger hole in it! At least with Facebook you can go back and forth with emails, wall posts, and the chat feature, but with Twitter you have 140 characters and thats it! Which actually means you are forced to build a better relationship with someone before you do anything together. For example some of the best friends, business advisors, and partners I have came from twitter, but we built or relationships up from emailing and talking on the phone with each other.
LinkedIn may be promising once more than twelve real estate investors on the planet know how to use it properly!
Now as far as actually selling a property I have never heard of someone getting a sale off of either of them. To that effect I have never seen someone post a property and get it retweeted (at least in my stream) or commented on via Facebook.
So yes I think social media has a big place in real estate investing especially a place like Bigger Pockets , but I also don’t think it’s the end all be all, game changer, or saving grace for your business either.
Also on a side note if anyone has some solid Memphis contacts hit me up.
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