BiggerPockets

I have short sale leads from $300,000 to millions I need help!
these leads I have just gotten and they are very new I started in one of those home study courses and then signed up to partner with a big name guru but it seems like I'm still getting nowhere

Can someone help? Any suggestions? I have yet to learn about the whole short sale process.

shameless plug Scott

Sabrina, you said you've got a home study course? what does that tell you to do now?

It seems worthless to sign up with the big guru only to be left in the dark.

I would suggest you contact the leads and convert them. If you've got phone numbers then great! Chances are you don't so you'll have to mail them a letter. There are a bunch of threads here on BP that talk about that

That's funny, I pictured Billy Mays pushing the newest cleaning product when I was reading the post

Originally posted by Nick Johnson

That's funny, I pictured Billy Mays pushing the newest cleaning product when I was reading the post

Eh Scott sounded more like Jack Lalanne :mrgreen:

Originally posted by Scott Hubbard

Sabrina-

When you say leads, are they actual qualified leads where they have attempted to contact you? If so, have you thought about having a short sale processing company negotiate the short sale with the lender on your behalf?

My company specializes in short sales and we negotiate on behalf of RE Agents and other Investors. Plus we actually do short sale flips too!

Another option is we offer coaching where we coach you through an actual transaction from start to finish and provide follow-up for up to ten months. In this program, we provide you software that calculates, analyzes your deal using local MLS data, creates a Short Sale Proposal Letter, a HUD 1, fills in your contracts and authorizations, all from a single Excel data form.

If your interested in learning more, please visit our site or pm me and we can talk.

Scott

Some of these are leads that are from different parts the US that I have paid to get and some are from real estate agents that I have contacted in different areas of the US also.

Scott I am interested in your company could you pm me with more details. You said you get paid when we close?

I have a web site that you can upload the leads and when they get sold to lead buyers you get 50% of the selling price of the lead. I sell 200- 400 leads per day. Let me know if you want more info.

In response to Nicks question, here is how my service works.

I send out an email newsletter on loan modification and short sales to about 500,000 homeowners a few times per week. I also promote web sites and a toll free number in search engines. Consumers click or call for a free consultation.

The leads come in to a central database and are distributed based on the criteria that my customers preselect. I try to sell each lead 3 times for $15 - $20 each. Most leads don't get sold automatically and land on the Cherry Picked Leads® database. From there a registered user can filter the leads on any criteria they desire and purchase them one at a time.

I have been doing this a little over 10 years and have about 1.4 million leads from my own websites.

Let me know if you have more questions.

Originally posted by Scott Hubbard

Ted-

I am not sure what is more wrong, the selling of peoples misery, or the inventoring and mass distribution of peoples misery?

Scott,
Ultimately aren't we all selling peoples misery to gain profit, in a way? We find very motivated sellers and make a profit from it. Granted, we also help them out with their situations-hopefully repairing their credit, or providing other options to create equity or save their house, along with making an offer on their property. We have found that we make the biggest profits with motivated sellers and those are the ones we market to. If an individual takes it a step further and finds motivated sellers and sell those leads, its really no different than being a bird dog.

Just my $.02.

A better comparison would be the phone company charging you a monthly fee to keep your phone number unlisted. Since you wish to be unlisted and your contact information cannot be sold, the phone company has figured out a way to make money from your information nontheless.

Bird dogs are not the same either, the idea is that they are facillitating an exclusive relationship between a seller and an investor. Bird Dogs are cultivating relationships and adding value.

On the other hand, Mr. Schmidt, is simply organizing and distributing information to whom ever will pay. There is no exclusivity, there is no added value. He is simply profiting from the mass resale of information that is already readily available.

If you were in default and about to lose your home, would you want Mr. Schmidt making money from the sale of your information?

Yes, we are making money from other peoples misery. In my case, I offer much in way of protection from default, waivers of deficiencies, and promissory notes. I offer them a place to relocate, help them with expenses, and have been known to lift a couch or two.

Perhaps I am old school or just too sentimental, but I believe more of us should be helping and less of us should be skimming.

My two cents!

Dan-

I had a chance to read your original post before it was edited. I found the information useful so thanks for the heads up.

Actually, I added the mentoring program to my site as an alternative to my partnering program.

In working with local investors, some preferred an alternative to JV's which would cost much them much more in the end. They use the link to pay for partnerships using their credit cards in lieu of a split of their net proceeds.

Since you mentioned your negative experience with my site with regard to the mentoring, I decided to make some changes.

The mentoring program is for local investors and not intended for all investors. I work with investors outside of my locale through negotiation services or JV's only.

I am sorry for the confusion.