All Forum Posts by: Cameron Tope

I've had varying success with yellow letters with the highest response rate about 3%. I strictly mailed to absentee landlords and haven't tried any other distressed listings. I spent about $1000 to gather my list with the criteria. The list will increase in price with the more criteria you use. 

Don't get discouraged if you don't get a deal from your first couple mailings. Keep mailing and you will eventually get a deal. You want to touch your prospect them at least 3 times. 

@Michael Quarles has a lot of great info on his website, YellowLetters.com. His podcast and interview on the BP podcast are great references. 

Good luck!

Steve Broeder

Full disclose; I have never used him because I have a family friend I use in Ohio, but I have spoke to several people that love him. 

@Joshua Pfaff Go to an investor friendly title company. They will handle the majority of the deal. 

Don't try to draw these documents up yourself and read Dodd Frank.

Good luck!

@Tony Eschete My first deal was a subject 2. I acquired it for less than 3k, then rehabbed and sold it owner finance. 

Subject 2 was an easy way to get started with little cash out of my pocket. 

Thanks @Jordan Decuir I'll check them out!

I have a property that I can sub2 but it's PMI is $500/mo! My plan is to owner finance (wrap) this deal to a buyer, but who pays the PMI? Me? The buyer?

Thanks for the advice!

Tony,

I work in the oil and gas business as well. I rotated 2 weeks on, 2 weeks off when I first started. Like you I spent the majority of my time educating myself before I actually bought my first deal. 

I've said this numerous times on other posts but start out with your goals. Sounds like you have a short term goal on completing a deal by year end but what is the purpose of that goal? 

Create long term goals that are anchored to your purpose then build a damn good team around you, that's how to be unstoppable. 

I'm looking for the same thing in Katy!

Looking for a reputable GC for a small cosmetic rehab on a rental property in Katy, TX (west Houston). 

Property needs paint and carpet primarily. I can give more details if necessary. 

@Jean-francois Ndomb I've had anywhere from 0% to 16% response rate, with the average around 4%. The only problem I've found is bandit sign leads are a lot less motivated. I get a lot of calls about renting, people "curious about the process", people looking to buy a home, etc.