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All Forum Posts by: Jason Hatfield

Jason Hatfield has started 22 posts and replied 86 times.

Post: Probate Leads

Jason HatfieldPosted
  • Investor
  • Elkton, MD
  • Posts 89
  • Votes 21

Thanks Sharon.  I added some additional filters and they were able to nail it down to 2,400.   For $500 they will give me name, address, email and phone # of all 2,400.

I set the filters to AO in specific zip codes with at least 3 bed/ 1 bath valued between $50K and $300K with at least 50% equity who have also had filed an eviction, have a public record, back taxes, etc in the last 12 months.  Also added pre-forclosures.   Sound like I'm on the right path?  

I'm also looking for a strategy on how many to drop and when.  I could do all 2,400 at once or divide them into four groups and do one a week on a rotation.  My concern is dropping too many could give me too many leads to filter through and become overwhelming.

Post: Delaware?

Jason HatfieldPosted
  • Investor
  • Elkton, MD
  • Posts 89
  • Votes 21
Originally posted by @Glen Beringer:

Jeffrey, Chris, and Jason-

I currently live and invest in Wilmington, DE. (I have one SFH live in flip that will I will rent out when I find my next deal and one SFH flip to rental- about 4 weeks out from being done) I grew up in Hockessin, DE so I know the New Castle county area pretty well. I am always happy to get together to talk shop over a few beers in Trolley Square or chat here on BP. The market for the "good areas" in Wilmington proper is pretty hot right now (i.e. the areas where you don't have to worry about gangs and bullets). That being said, there are a few deals to be had still, even on the MLS. I have my eye on one or two properties- SFH's, that I don't have the cash for at the moment and can point you that way if you are interested.

If you are ever in need of a Realtor, I have a great name I can pass along.  He is also an investor in Wilmington, and has 3-5 multi-units.

If you need a roofer or a flooring guy - I also have some good contacts there.

Other than that, I do all of my own work because I hate paying others to do what I can do just as well at no cost!

Best of luck going forward,

Glen

Chris,

Talking shop over a few beers or beAhs as I was taught to pronounce it in Boston growing up sounds fantastic. Let's get together next week if you have some time.  Would love to swap contractor and realtor recommendations and talk DE strategy.

Best

Jay

Post: SEEKING BUYERS FOR OFF-MARKET DEALS IN DMV

Jason HatfieldPosted
  • Investor
  • Elkton, MD
  • Posts 89
  • Votes 21

please keep me in find for anything you find between north of Baltimore and south of Philly

Post: Wanted: SF to Flip or Rehab & Rent

Jason HatfieldPosted
  • Investor
  • Elkton, MD
  • Posts 89
  • Votes 21

Thanks Jonathan!

Call me anytime

Post: Wanted: SF to Flip or Rehab & Rent

Jason HatfieldPosted
  • Investor
  • Elkton, MD
  • Posts 89
  • Votes 21

All,

I am looking for a SF that would be a good candidate to flip or rehab, rent & refi.  I would like to stay within 40 miles of my primary residence for this deal so I can consider anything north of Baltimore Maryland and south of Philadelphia, Pennsylvania.  This would include most of the New Castle County Delaware, except the war zone parts of Wilmington.  Please PM me with any info!

Thanks!

Post: Upfront Fees for a Hard Money Lender

Jason HatfieldPosted
  • Investor
  • Elkton, MD
  • Posts 89
  • Votes 21

Thank you both!

Post: Probate Leads

Jason HatfieldPosted
  • Investor
  • Elkton, MD
  • Posts 89
  • Votes 21
Originally posted by @Sharon Vornholt:

@Jason Hatfield-  Where are you buying that list?  Is that probates? 

You can get AO's a listsource for about 16 cents a lead or less so I'm assuming they are probates.  That doesn't sound right to me.

Sharon

I have two bids from two providers for AO's.  Click2Mail quoted me about $0.07 per lead for address only.  No Email or phone #'s.  The other company (name escapes me) is quoting $0.20 for Address, Phone & Email 

Post: Upfront Fees for a Hard Money Lender

Jason HatfieldPosted
  • Investor
  • Elkton, MD
  • Posts 89
  • Votes 21

Hello all!

I wanted to ask if the following fees seem in line for a Hard Money Loan:  

$700 at time of application submission for SOW Review, Renovation Cost Validation and an Appraisal.

$175 Draw Schedule Review

$235 Document Processing

$350 Lenders Attorney

I've only used HM once before on a flip I did in 2005 in Massachusetts.  I now live near Baltimore and I'm not sure if this is common for this area.

Thanks!

Post: Probate Leads

Jason HatfieldPosted
  • Investor
  • Elkton, MD
  • Posts 89
  • Votes 21
Originally posted by @Sharon Vornholt:

@Jason Hatfield- No matter what group of motivated sellers you are mailing to, approximately 85% of your deals will come at or beyond the 5th mailing. This is true with probates. In fact a whole lot of those folks don't take action until around the 1 year point. You have to start mailing as soon as the notice goes out though. I have bought houses after just 1 mailing. You just never know when someone will get motivated to sell these properties. Each group of these sellers (you have a new group each month) is different. You are looking for those sellers with properties that won't be sold on the MLS ie distressed properties.

Sharon

Thanks Sharon.  That's a big help.  

I was just quoted $285 per 1,000 contacts with a 2,000 contact minimum.  Does this seem fair?  Also, this list also includes email addresses.  Have you done any email marketing with your lists? Was it effective? 

Post: Price Quote for List of Absantee Owners

Jason HatfieldPosted
  • Investor
  • Elkton, MD
  • Posts 89
  • Votes 21

All,

I've requested quotes from list dealers and was provided with the following.  I'm wondering if anyone can tell me how much negotiating room I might have.

Note:  The list includes address, email address & phone #.

"The cost for the list is $285 per thousand with a minimum of 2,000 contacts."