All Forum Posts by: Angel Perez

Well for one I get my list form a company that focuses on providing foreclosure information. Second, I hand write everything and make sure to use real stamps not printed or bulk mail. The trick is getting the recipient to receive the message. If they don't open the envelope they won't get the message.

Envelope selection matters too. These people are delinquent. They receive collection notices from their lender and probably their car loan, credit cards, and who knows what else. The last thing they want to open up is a letter that even remotely resembles a bill or collection letter. They don't want to be sold either so post cards and fliers are another no no.

Also, don't write a 1,000 word essay about how great you are and how you can help them. Be straight and to the point. Either they're ready to sell or they're not.

I use to only send out 100 mailers per week and got an average 5-10% response rate. I'm sending out 100 pieces tomorrow. Let's see how that goes.

These are my personal results and I don't claim that they will always work or that it will work for everyone but it's worked for me in the past and if it ain't broke...

I have been out of the game for some time and am now just jumping back in so I can't provide current numbers. However, about 4-5 years ago I never spent over $500/mo on marketing and I would average 1-2 transactions per month.

I am in the process of launching my first campaign since being MIA using the same method and hoping for similar results.

Daniel H. every method you described relies on agent listings. If you're relying on agent listings you are late to the game. I would suggest marketing direct to the homeowner.

Remember, in real estate you make money when you buy not when you sell.

Thanks everyone. Appreciate the warm reception.

Does the seller own the property free & clear? How soon does he have to have some cash?

If he has a little time why not see if he'll partner with you with you only paying for repairs? Make sure he transfers your half over to you or else he could rob you blind. Agree to recoup your investment and split the profit with him when it sells. So, here's the breakdown:

Owner hold existing debt but let's assume its free & clear for this example.
Sale price: $130,000
Repair Costs: 50,000
Difference: 80,000

That's 40,000 a piece and for you that's a gross return of 80%. Still have to discount escrow fees, agent fees, title, etc. but you get the point.

If you can sell it for more than that's just a bonus.

Hope this helps.

KISS (Keep It Simple Stupid). Not calling anyone names but yes, simple is better.

The operating agreement I can understand, they ask you for that even to open a bank account, but a license? Never heard of that before. Interesting. Please post the outcome of this deal because I'm very interested in learning whether they make that an issue for you or not?

Levi Gale Where's the "like" button on this thing lol

Hey Josh,

Thanks. Glad to be back. I Will update it here shortly.

The site looks great! You did a great job growing it.

Cagney Moreau Thank you.

I don't get too involved with the commercial side so I wouldn't know too much about that.

As far as residential goes, what I'm seeing right now is depleted inventory. Areas like West & South Torrance have always been desirable areas and haven't been hit as hard as others have. Values seem to be creeping up, which is something I haven't seen in awhile, and finding good investment isn't very easy to do since the area is so desirable that consumer buyers are willing to overpay for fixers. However, if you are able to find one it's a great area to do so in because it will definitely not sit on the market long.

Not sure if I addressed what you were looking for. If I didn't let me know and I'll do my best to answer it.