All Forum Posts by: Ceasar Blackman

well you defiantly alerted me @Wayne Brooks now i know

Hey so i took action on a small scale, bought a list and I hand wrote 96 letters and mailed them out this past saturday. I by tuesday i got 5 calls, none left a message, im gonna revise my voicemail. I called them all back this morning and 2 said it was wrong number, 1 went to a VM that was full i plan to call back. The other two i spoke to seemed motivated to me, but still I'm not sure about setting an appointment and really getting to negotiating.

First property i spoke with a older man that has a few rental and was looking to get out of the business. The property was a 2/1 sq ft 1022 built 1956 block build with central air. He mentioned he was looking for 35k. He said the condition was ok, it needed some counter tops and bath tub. It has tenants right now that are just month to month and the rent is $750 per month. Which i thought sounded great. The fact he is elderly and looking to get out of the business has me thinking i need to really work this.

Send was a woman who was looking to sell since her husband just got out of the hospital and she doesn't want to have to manage the property. It is a 3/2 sq ft 1234 built in 1955 block build. She said the property is completely renovated, i asked about what might need to be done and she couldn't come up with anything. I know not to take that to heart. she was seeking 65k she says thats what she has in it. it has tenants in it now not sure if they are within a lease right now. This rents $850, i felt like we striked up good conversation and she seemed surprised how pleasant and concerned.

My question is how would i really determine if it worthy to make a visit. And I'm trying to find comps without MLS is there any kind of curve you would use like on willow, truila, relator etc . Like 5k give or take. Does the fact that tenants are in these properties change your approach ? Does the fact the first home is a 2/1 scare most investors off since its a smaller group of people that might be interested ? Im supposed to contact them both tomorrow, but have no comps and i dont want to duck on those calls. What should be my next move :/

Any help would be appreciated

Thanks !

solid deal @Tim G. the seller had no problem with you making 30k and same goes for the end buyer ? I just started my campaign and thats my next big fear, what might someone think after i talked them down, then i turn and make a nice profit

I hope I'm in your boat soon, just started marketing. What I plan on doing is having a fairly detailed VM I will let them go to that might screen out a lot tire kicker and leave me to return calls on more viable leads. Just my two cents

Thanks guys, Im going to inquire about returning the list and if not ill finish running it out. I defiantly going to get alot more specific with the next one. One question tho. Would you say people with really great equity are mostly other investor so thats why its better to target people in that 40-60% window give or take

Ned Carey i dont mean to second guess myself it was more of an oversight on my part taking action to buy a list and get the ball rolling. I was just thinking this list might not yield a great response rate, but yea i should at least see how this goes. I just sent 100 letters. So after this i should get a better idea if it was a fatal error

I bought a list and started writing letters and I started checking some of the addresses and noticed that a good amount of them seem to have been bought within about that last 6 or 7 years. Again more than half of them seem to be bought from LLC so I'm assuming they are investment properties since the equity i searched was 80-100%. My question is should i follow through with this list or buy another with a longer ownership timeframe? Im running on a tight budget so obviously looking to try to market to the most motivated people and I'm guessing if some of these properties were bought so recent that the chance they would be interested in selling would be pretty low.

Thanks for input

Great sucess Josh Thomas i just finished up 100 letters and about to send them out this saturday. Plus just found a young guy to write them from now for 10 cents a letter :). Hope i can have a fraction of this success on a deal. Good luck going forward

simply amazing rate of sucess Sam Craven wishing you continued success. Any tips on a good direct mail later ?

welcome Jonathan La Rosa from orlando. Good luck to you two