All Forum Posts by: Duane Alexander

 Awesome! What laser focused lists do you target and how do you market to them? What has been your experience as far as response and deal rate?

So I created a listed of potential sellers using prop stream. Here is the list:

Owner Occupied:No Occupancy | Status:Vacant | Property Classification(s): Residential | Property Type(s):Single Family | Building Size (SqFt):1,300 | On Market:No | Owner Type:Individual | Estimated Value:$150,000 | Estimated Equity %:40%

Basically this is a list of vacant absentee owners with more than 40% equity. To my surprise this only results in 154 potential sellers. Most advice in regards to direct marketing is for people who are mailing 1000's of letters at a time. What would be the best way to market to these sellers and to a small list in general? I have another list that is the same but is only for out of state owners that only has 21 leads.  Should I skip direct mail and go straight to cold calling? Am I wasting my time and should I disregard this list altogether and market to a bigger list? Any advice would be great.

Background: I am a looking for my first deal for a flip, not wholesaling. 

I'm about to buy a carrot site. I think I want to get the middle pro plan because of the automated content program. That's literally the only thing that the pro plan offers that the core plan doesn't that I'm interested in. Is the automated content program worth it? The pro plan also allows for 3 websites. How are people using multiple websites? I couldn't think of a reason why I would need multiple websites. 

Not really trying to do BRRRR right now. I wanted to get a few flips under my belt to get some experience acquiring deals and managing rehabs before going into buy and hold/brrrr, which I would probably have to do remotely in another market. In Atlanta (at least inside the perimeter where I'm looking) the rent rates compared to the arv is far below 1%. For this reason I'd figured it would be easier to start with a few flips but actually finding deals has been difficult. I was hoping to find something more so around 70% as opposed to 80% of ARV minus repairs for my first deal to leave more breathing room as I know something will probably go wrong.

 

I'm in Atlanta looking for my first house to flip. I have an investor friendly agent, been combing the MLS, and putting in offers for around 3-4 months to no avail. I'm tapped in with 3 different wholesaling acquisition firms. I've been sent deal after deal that only offer me around 75%-80% of arv minus repairs at best from these acquisition firms which I'm hesitant to consider due to the lack of meat on the bone considering the level of rehab required (99% have been full gut rehabs).

Is it worth me getting into direct marketing to find my first deal? It seems like a lot to undertake just for my first deal but I'm willing to get a carrot site, subscription to prop stream, and start direct marketing if this can result in finding something better than has been coming across my desk so far. 

What would you guys recommend? Should I stick with my current approach and be patient?

@Robert Chad Yoder off topic but how are you getting these leads?

Ok so my assumptions where correct. I haven’t heard many ppl talking about this. Seems like it would be a bigger deal. Explains why I’ve seen a few unfinished rehab properties for sell near Grove Park.

Atlanta investors or anyone else in the know, do you know if the moratorium is just for new construction permits? How does this affect renovations? I've passed on a couple of deals in the Grove Park area because of this.

@Joe Villeneuve I understand what you mean

 A person with low equity would would't make as much selling their home, no?