All Forum Posts by: Dave Thomson

I invest in Holland as well, would love to meet up and talk real estate!

Welcome @Andrew Russell! You’re in the right place!

Hi @Emily Hill, great question! I use @Brandon Turner's 90 Day Intention Journal and love it! I also have a routine and goal tracker in Excel that I found useful. Some of my daily habits include running, 2 REI podcast at 1.5x speed, reading 15min a day, family time, planning out my day by the hour, and depending on my goal for the week sending X amount of letters/offers, in depth education on certain subjects (SEO, house hacking, etc.), and I'm a part of a mastermind that holds me accountable. With that said, every day is NOT perfect, but with tracking everything I found it to be more of a game, and the days I plan everything are the days I move closer towards my goals :)

Hi @Jeff Fortuna! I know of a few investors (myself included) that would be interested in purchasing your properties in West Michigan if you're looking for a buyer. Please message me or let me know!

Cash flowing AND living for free. Sounds like an awesome start! Congrats!

Everyone has great advice so far. I don't have any experience but @Charles Kaois a rock star in this area. He might be able to give you some advice.

First I'd remove them from your list so you don't send it to them again and waste $ on your follow up sequence. Then put them in a new list and skip trace them and cold call. There are a lot of skip tracing providers out there (reiskip, batchskiptracing, ivyredata, americantracers). Since you now have an excuse to call it is actually better than a normal cold call (if that's even possible). i.e. "Hi, I have your letter and it came back to me. I was interested in your property at 123 Main St., are you interested in selling it?" You could even do a text message sequence as well. I currently don't cold call or text message but this is what I've heard works best!

I've used listsource. It definitely varies on your location for what works best. However here is the criteria that I've found success with: 40-100% equity, years of ownership >4 years, last market sale date - 1901-2014, age of homeowner > 40, absentee. I've heard the "unknown equity" list is also good but I never used it before. Just search listsource on this forum or go to youtube and you can see tutorials on how to pull list.

Other ways to find off market deals from your county - code violations, tax delinquent, 24 hour arrest, utilities shut off, inherited properties/probate.

Driving for dollars looking for vacant properties or properties in distress is a good way as well. Look for chipping paint, tall grass, lots of newspapers in the front, tarp on roof, you get the picture ;)

@Vanessa Carvajal you're welcome. However, @Russell Brazil is right. I was only speaking to my market here in West Michigan. Definitely varies on location.

I'd look at the cash on cash return. Depending on your down payment and how much it could rent for, it could be a good/bad rental.