All Forum Posts by: Bob C.
Bob C. has started 22 posts and replied 145 times.
Post: Advice on yellow letters from someone who is now getting them
- Investor
- Hopewell Junction, NY
- Posts 153
- Votes 58
Welcome to BP @Jeff Tracy. And hello and condolences from a neighbor.
...a second vote for you to post the letter. We all like to learn about what works, what we are doing wrong - and to get the best idea of your point.
re Rick's comment about "honest" - Maybe the feeling would be better described as "most heart felt, human"?
@Dom Lombardo I may not understand what you are asking for, but if I do, they won't work/aren't acceptable in NY. Unlike most of the rest of the country, the only person doing contracts are the lawyers.
Post: scrub mailing lists
- Investor
- Hopewell Junction, NY
- Posts 153
- Votes 58
How was the original list created?
Post: So few REI's in Dutchess county NY
- Investor
- Hopewell Junction, NY
- Posts 153
- Votes 58
Originally posted by @Jesse Ray Short:
Hey,
New member here! I'm an engineer looking to take advantage of my first time home owner leverage to get a 3 unit in the Hudson Valley area.
Are any meetings going on in this area??
Thanks,
Jesse
http://www.mhv-reia.com/
Post: Jaime....a Newb from NY
- Investor
- Hopewell Junction, NY
- Posts 153
- Votes 58
Yo neighbr!
Post: Opinion on paying for website SEO.
- Investor
- Hopewell Junction, NY
- Posts 153
- Votes 58
And to add to Chet's question: How could he be sure the company doesn't use Blackhat techniques that might damage the site's reputation/ranking?
Post: Am I doing something wrong or are these not motivated sellers?
- Investor
- Hopewell Junction, NY
- Posts 153
- Votes 58
Originally posted by @Carl C.:
@Bob C. It sounds to me like you already know why what you're doing is difficult. I don't wholesale or flip but I can imagine it would be a difficult argument for an average person to agree to. "If you use a traditional RE agent you'll get full market price but it will take longer.... If you use me you'll get 30% less (maybe) but the deal will be FAST." I'd be willing to bet most people aren't in as much of a rush and are willing to wait for more money. Since you have had a few "leads" I'd probably check in with them occasionally over the next few months to see if their situation changes. In the meantime, keep at it. Eventually someone will need to move quickly and then what you are offering has some real value for them. Good luck!
Just to clarify/elaborate for others reading... That's all I can offer (speed/time) to folks that have houses in reasonably good shape - and I tell them that. My best benefits are to folks who's houses are out of date - haven't been updated in 40-60 years. In that case, my price is nearly the same as what they will net... AND they get it NOW.
That's really my target prospects. The 60-80 year olds who've been living in their house, never updated, family has moved out/on and they are ready to move/downsize. This area blossomed in the 1960-1980 so there are a lot of those folks/houses around.
Post: Am I doing something wrong or are these not motivated sellers?
- Investor
- Hopewell Junction, NY
- Posts 153
- Votes 58
Originally posted by @Jesse T.:
Originally posted by @Bob C.:
I'm often up against a RE Agent / MLS option.
When they insist on a retail price, I say... if they can wait 6-10 months (that's fast around here) to get their money, don't mind having people coming through their house and pics on the internet, hope that the buyer actually can get a mortgage, then... yes, they will probably get more for the house going that route.
Don't forget the minimum 6% in commissions. In a slower market adding that to the closing assistance and any closing costs can end up taking 10% off the gross sale price.
That's all I'm interested in doing - I love the creative process of flipping. Taking a heap and making it a beautiful new home for a family is extremely fulfilling for me. I'm not at all interested in being a landlord. Wholesaling feels like an empty, non-fulfilling transaction to me - and am fortunate to be able to make that choice.
FWIW- I do sell my "we're going the MLS route" leads to my Broker. I also sell leads to other REI of houses that don't fit my criteria.
Post: Am I doing something wrong or are these not motivated sellers?
- Investor
- Hopewell Junction, NY
- Posts 153
- Votes 58
Originally posted by @Jesse T.:
Originally posted by @Bob C.:
I'm often up against a RE Agent / MLS option.
When they insist on a retail price, I say... if they can wait 6-10 months (that's fast around here) to get their money, don't mind having people coming through their house and pics on the internet, hope that the buyer actually can get a mortgage, then... yes, they will probably get more for the house going that route.
Don't forget the minimum 6% in commissions. In a slower market adding that to the closing assistance and any closing costs can end up taking 10% off the gross sale price.
True!
And I remind them of all the other benefits of me buying their house that they are giving up.
Post: Am I doing something wrong or are these not motivated sellers?
- Investor
- Hopewell Junction, NY
- Posts 153
- Votes 58
I'm often up against a RE Agent / MLS option.
When they insist on a retail price, I say... if they can wait 6-10 months (that's fast around here) to get their money, don't mind having people coming through their house and pics on the internet, hope that the buyer actually can get a mortgage, then... yes, they will probably get more for the house going that route.