I wrote in a previous blog post that I was going to wait to see Renturly result in closed deals before charging subscription revenue and that has now changed!
The reason for this change is because I have been using the software myself to work on deals and believe that - by using it - I will be able to close some $100M+ deals and not only once, but recurringly!
I currently use Renturly to share packages that I acquire by interviewing those close to banks as sellers. I share these packages and promote them via a link that is generated when you save a package. This link is so powerful because I can market off-market real estate without anyone getting screwed over - plus I can update packages as I gain more experience with one particular source of deals and update it in the system - with the link still being in tact for when I continue negotiations with the other parties, mainly buyers and their representatives or brokers! This is so powerful because it is such a time saver; I promote the links on social media and email and get a 4 or 5 interested buyers of which 1 becomes motivated to produce signed documents for the deal. It’s a numbers game, just like when I did mortgages; I would not submit a deal to lenders from borrowers until they produced all of the documentation that I needed. And it is this that I learned from mortgage brokering that has been built into how I chose to use Renturly to help me close big deals. So, I think it’s fair that I charge $20 a month for a recurring subscription so that you can see your matching buyers and sellers. You can subscribe and unsubscribe at any-time - with the click of a button! Think of the access that you are getting that not only I am sourcing for the system but also that other users are sourcing for the system; You not only get matched with the supply of bulk off-market assets that I source, you also get matched with whatever other buyers, sellers, and brokers save into the system. So, that is why I think it is now fair for me to start charging a $20 a month recurring subscription to see your matches; because I am not apart of every deal that the system generates and need to be paid for my - over one-year - of research, product development, learning and building it into the system, plus running around to help make and keep the Renturly bulk REO marketplace liquid for buyers and sellers to do deals with.
Please share this to your email lists to help make and keep the Renturly marketplace liquid for buyers, sellers, and brokers: “Your Virtual Assistants Will Use This Software: Renturly is the bulk off-market REO marketplace that matches vetted buyers with vetted wholesale real estate anonymously."
Thank you and your feedback is always appreciated!