All Forum Posts by: Chris Feltus

Strongly disagree. I beat people at houses all the time and sometimes my offer is not the highest. However, I am very good at building a relationship with people and they trust me. Highest dollar is not always their first and foremost concern.

Bingo. Everyone put that on your fridge and office desk and read it daily.

• Your states promulgated purchase and sales contract, for residential resale.
• Assignment of contract. Here is one from @Jerry Puckett file place click here. Consult with a REI attorney before incorporating this.
• Any additional addendums as required by your state. For instance sellers disclosure of property condition, lead based paint addendum, radon gas addendum etc.

That should be all you need for the majority of transactions.

Yes, however the key is consistency. By the 6 month mark 80% of investors and wholesalers alike will have stopped marketing to the lead. By 8 months the vast majority of individuals have stopped mailing to the prospect completely. You want to be the last one mailing the prospect.

To answer "why me", its your branding and your message. For instance if your big name brand versus a local family owned business, and this will appeal to different individuals. And also how regularly you mail them, so when they do have that trigger event they remember your mailer and give you a call.

This is a great video that I highly recommend if you would like to learn more.

Clearly @Joshua Dorkin has reached the cut off limit in this photograph.

Sure. For my criteria I use the following:

• Deed date 15+ years (rough approximation of equity)
• Very specific tax assessed values range. I try to target a bit below and above the median home price in Tarrant county. Typically they are 3/2/2 1200-1500 sq ft brick homes that will appeal to both flippers and land lords depending on the neighborhood.
• Year built
• Bed/Bath/Garage
• Absentee Owners in and out of state

Hope that helps.

@Sean Gibson Congratulations on your first appointment. When I go on an appointment typically the last thing on my mind is the house itself. It's all about building a relationship with the seller. Talk about everything and anything, what it was like growing up in the house, which room used to be theirs, any good stories they have while they lived here, sports, running, military etc. Don't try and push them into a contract, take your time through the process.

Then when its time to make your offer think about how it can help them in THEIR situation. I typically do not submit my offer at the house itself, rather, I send it by email a day or two later.

Its normal to be nervous at first, but the more you do it the more comfortable you will become. Just relax and be yourself, you sound like a nice guy, you will do great.

@Joshua Dorkin suggested I post this here. Its something I created to ease my own nerves after a stressful closing of mine. Hope you guys get a laugh or two! You can click the image to enlarge it as well.

If you haven't already check out the BP Google+ Group both humorous and informative posts occur there frequently.

Happy investing.

Timios Inc, formerly Adobe Title. Highly recommended.

Yes, absolutely continue mailing. Time and circumstances change everything. Read this case study I did on @Sharon Vornholt blog on this precise subject. No doesn't mean no forever.