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  • Buy-to-Let

    Unsolicited deals - what's your reaction?

    Woke up this morning to an unsolicited email from someone whose property mini-course I signed up to a while ago. The course was useful. Now this person is offering me deals on a plate. Once you cut through the marketing speak and hype, the offer amounts to this: I will get sent details of 'hundreds of bargain properties' for which I have to pay 'only when I take the deal, not when I look at it'.
    I know what I think about it, but I find myself wondering how you tribesfolk would respond to such an offer:
    1. Ignore it completely
    2. Sign up, figuring there's nothing to lose so you may as well see what's on offer
    3. Send a cautious response asking for more details before you make up your mind
    4. Send a flaming email demanding to be removed from the mailing list at once
    5. Consider it for a while, then do nothing about it as you get distracted by other things
    Or add your own...
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    Probably No. 2.
    I replied to someone on Twitter. They didn't reply back but they then took it upon themselves to immediately add me to their mailing list (without my permission) and I now get spammed by hundreds of deals and offers. They also added Nick without his permission while they were about it. The way they used my data has alienated me. I'll never buy anything from them, because I don't trust them.
    If they had sent me an email saying "great to connect with you on Twitter, do you mind if we add you to our mailing list" then that would be a different matter....
    Read the signs - the free mini course was to collect your data - now you are on their "list" and they will inundate you with deals and offers. Old style marketing in action. I for one am totally jaded by it.
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    Two property packaging companies send me emails regularly, with my permission. I use them to see what's going on in the Ready-Made-Deal world and do not intend to ever buy from them. It's easy enough for me to unsuscribe. One of them is based up north and never provides deals near me, while the other is local to me and sometimes offers deals in my area that I view as good indicators to see what sort of discounts others are achieving.
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    What is the cost of accepting the offer (the offer to send leads)?
    In the social networking world the advice would be to accept all offers as you do not know where they might lead. Random is Nick's term. You can filter out stuff that is not interesting. As Roberta notes you can use a specialized email address in case you can not throttle back the messages.
    I normally do not use specialized email addresses as I have some SPAM filters that catch all the junk I want them to catch.
    John Corey
    https://www.ChelseaPrivateEquity.com/blog
    Follow me on Twitter -> https://www.twitter.com/john_corey
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    John Corey 


    I host the London Real Estate Meet on the 2nd Tuesday of every month since 2005. If you have never been before, email me for the 'new visitor' link.

    PropertyFortress.com/Events

    Also happy to chat on the phone. Pay It Forward; my way of giving back through sharing. Click on the link: PropertyFortress.com/Ask-John to book a time. I will call you at the time you selected. Nothing to buy. Just be prepared with your questions so we can use the 20 minutes wisely.

    Thanks for the input so far... However I feel this thread is starting to veer off topic a little.
    Perhaps I didn't really make myself clear. I'm not really looking for advice on how to handle spam, although this is appreciated. I was more interested in trying to get a discussion going about whether people would have an open mind to such unrequested offers of deals. Would you yourselves consider such 'opportunities' worth following up? Or would you tend to feel that they would be unlikely to offer any great value?
    Has anybody ever secured a good deal from this kind of source?
    For the record, I'm inclined to agree with the people who suggest there's little to lose by having a look at what's on offer. As is so often said, you can't learn less - and as you say John, you never know where something will lead.
    By the way Vanessa, I knew I was being data-harvested when I signed up for the course, I have no great problem with that. I expected to be (and have been repeatedly) offered a bunch of "heavily discounted" "special secrets of success unavailable elsewhere". I just didn't anticipate an offer of actual deals and it got me wondering this is, as I suspect, all part of a carefully crafted process designed to suck people in little by little.
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    Like John suggested - keep an open mind and embrace random! Research a few, and see if it all stacks up ....
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    Richard Greenland said:
    Marcus I’m surprised you think this is an accurate way to gauge real-world discounts achieved, as there is generally so much marketing involved.
    Rich, I think it's a OK way to gauge what other BMV traders are paying and is just another comparison tool on top of the sold prices etc. We've previously discussed the nonsense marketing that goes into this on another thread so you already know my stance and thoughts on the accuracy of the information.
    Generally because of the way these sites advertise the prices we see, in my mind, will lean towards BMV and it's only once we break those prices down do we uncover the shenigans. One of the sites I'm refering to had what can only be described as a concrete shack on it a while back. When I looked into it as an intellectual exercise - it was up North - I discovered there was no way a lender was going to lend on it, something that wasn't mentioned in the marketing.
    To me the sites are a comparison aid/starting point and no more.
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