All Forum Posts by: Gabriel A.

Yea I understand how comps are run but I'm working with a list of thousands of leads. 

The list I'm compiling is from a source that doesn't tell me information about bedrooms, bathrooms, square footage ect. The data I have is more about the owners themselves if that makes sense?

Just trying to find a way to run those addresses against something to find actual property value so I can categorize them.

So I'm doing tons of research and gathering different lists of properties I'm going to target during my Marketing Campaign. My next step is going to be getting phone numbers. 

When I begin my direct mail marketing campaign how exactly do I know whether the houses I'm targeting are worth 60k or 400k?

The range I'm looking for is between 50k-100k. I just realized I could be sending mail or spending time on the phone or potentially meeting up with people when their homes are completely out of my range.

Thanks for that list @May Emery I'll look into that. 

And definitely, I'll be sure not to bring up any financial information that I know. My goal is to have them bring up their financial hardship while getting to understand their situation so I can provide them a solution.

Went to the Municipal building today to inquire about their deliquent property tax list and was told the only thing available was a list of properties that went up for tax sale in 2018.

Did some more research and found the same list for 2019 and saw the auction is in mid may. My goal is to get to these properties before they hit this list for pending auction tax sale.

Is such a list in bmore available? I have no desire to bid on houses. I want to direct mail market to motivated home owners. Once the tax sale list posts in March I’m sure investors all over the country unleash an onslaught of mail and offers. How do I get ahead of this?

@Erica Osborn thanks for your message. I'd love to connect and talk a bit. I went to Old Dominion University so I know the area a little bit.

@Kerem Demirci hey thanks for your reply. I'll definitely send you a PM so we can chat.

Currently live in Northern Virginia but looking to invest in surrounding cities (Richmond, Hampton Roads) or anywhere within a 1.5H flight and wanting to know what cities close by people are finding good success.

My Goals/Requirements:

Looking to BRRRR a property

Average market price between 50-80k

C+, B- Neighborhoods

Great advice. Thank you both. Wishing this was property lol.  @John LaBanca @Adrienne Green

Gotcha, I'll look into some other apps similar to the one you described. Thanks @Jeremy Rotert

@John LaBanca yea the condo fee is a lot. He can rent it for about $2100

A friend of mine works in IT inherited a 2 BR 2 Bath condo in the Falls Church area from his parents when they decided to move out of the country. He currently lives there with his sister. Similar condos in the building have sold for around 215k. The building is called Wood Lake Towers

I've been telling him he needs to talk to some experienced investors to figure out what his options are to get the biggest bang for his buck. He said he's torn between keeping it and renting it out or selling it. 

If it will appreciate a great deal in the next few years once its paid off he wants to just rent it out and sell it in a few years. 

I've told him if he can sell if for around 215K he could use that money to buy a few rental properties and grow his earnings exponentially compared to his idea. Or possibly airbnb the property if there is high demand in his area.

He has about 35K left on the mortgage and he'll own it free and clear.

The mortgage is currently 1k and the condo fees are $500. (I hate Condos and condo fee's btw)

What would you all do in his situation?