All Forum Posts by: Daniel Moore

My apologies Tristan, i wrote an extensive response to your question and the moderators removed it because it was considered "self promotion".

if doing absentee owners i would recommend adding additional qualifications to that list. Many people WANT to be an absentee owner, ie landlord. Take the ao list and add other qualifiers like behind on taxes, behind on payments, recent eviction, and it will reduce your list from 8k leads to 100. Then market to those 100 leads like your life depends on it. Your response will be much better, for less money, and less effort hence why I am stressing a better list will make a huge difference in your success.

There are 3 main things I say are very important when doing direct mail listed in order:

List quality - gotta find the most motivated sellers or else you will waste considerable amount of time and money 

Marketing copy - what and how you say something will greatly affect your response

Follow up - hit them with mail often, and vary your copy and delivery

I focus almost exclusively on inheritance properties, appointments of substitute trustees, and water shutoffs. I did close to 70 deals last year, and spend about 15k a month on direct mail.

I would 100% say that a list can completely change the results of your campaign, and reduce your marketing costs. A great list will require fewer mailings with a higher response rate than a poorly selected list of less than motivated sellers.

consider using the freedom of information act at your local water supply to find all properties that have had the water turned off. That is a HOT list that is hard to get.

Outside of that, look into appointments of substitute trustees. Another not so well known list with great results.

Hi everybody, I am the cofounder of propelio, and am pleased to say we are pushing our boundaries out of Texas and into other states rapidly.  We just got into Florida and Utah, but expansion into Oklahoma will hopefully occur sooner than later.

What area are you in?

Hi Fernando, I am the cofounder of the company, and if I can answer any questions for you please let me know!

Thanks,

Daniel 

No need for a debate! There are valid points on both sides. I personally run about a hundred comps a month, but I flipped almost 70 properties last year. Being able to quickly grab comps, and determine highest and best use is invaluable to my company.

On the flipside, having a very well educated and diverse agent on your side can open your eyes to new possibilities as an investor. I work with a pocketful of agents in my market for exactly that reason. I use my MLS access to run my daily business, and when the occasion arises that I want a second opinion I have those resources available. Unfortunately for mundane daily comps, from my experience, an agent that does have that experience is unlikely to be available on a whim to do your due dilligence because they are out there hustling to run their own business.

If an experienced investor disagrees with these previously stated comments I would be surprised.

1. Marketing is the life and blood of any business - Master it 

2. Focus - pick one thing and laser focus in on it 

3. Double your rate of failure - the bigger you fail and keep going the more successful you will be

@Pavel Sakurets You can't go after private utility companies, just public utility companies. Find the contact info for public information requests amd subit one. if you don't get an answer you may have to get a lawyer involved, but they are required to give it to you.

Do you have any questions about a wholesale transaction? Contracts? Closing procedures? How to find your buyers? Sellers? Marketing? We will have a presentation together for you with an open discussion to fill in all the gaps you may have. Come prepared because this will not be your typical REIA, nothing but content and a LOT of it.

Go to http://www.meetup.com/DFWs-Non-Profit-Real-Estate-... to see event details and location.

Are you tired of seeking out education to help grow your real estate investing, but keep finding pitch after pitch from some "guru" launching their next "$997" product? Ever purchased a seminar just to walk away with less than half of what you truly need to be effective? Then being pitched some mentorship/coaching at some crazy cost while the speaker is preaching that my "insert what's being sold here" is your key to success? I don't know about you but I am! I have spent well over six figures on my real estate investing education, and will be the first to say everybody needs a mentor/coach. What I don't agree with is the people that make their money from selling seminars instead of real estate transactions, selling hype not results, and ultimately have no clue what it takes to create a profitable real estate business from the ground up. I have been investing in real estate for almost a decade now, completing over 20 transactions in 2014 alone, and am willing to share everything I can to help others grow. Why? Because when I started there was no one standing around to ask for advice, and if I can provide that to others I am more than happy to pay my success forward. Our content will cover all topics from beginning to advanced: wholesales, rehabs, short sales, contracts, title procedures, subject to, owner financing, wrap mortgages, tax liens and deeds, foreclosure, Dodd-Frank, and much much more. In addition we will allow a chance for all members to present any current deals they are looking at selling to the group, networking events, and a chance to grow your knowledge without touching your bank account. Cheers!

http://www.meetup.com/DFWs-Non-Profit-Real-Estate-...