All Forum Posts by: Isaiah Moore

Quote from @Sam Booth:

Quote from @Isaiah Moore:

Hey everyone!

I'm looking to try direct mail and I was curious if I could get some honest criticism on the content of my letters. When I have listened to the podcast and looked around on the forum it seemed like most letters were pretty simple, but I just wanted to make sure my letters looked reasonable to anyone with a little more experience.

edit: The list is going to absentee owners with over 50% equity

Thank you!

 Did you end up getting any deals? Thinking about doing this as well with propwire getting me lists. Thanks! 

 Sam, ended up sending on a small portion of my original list, but was able to get one deeply discounted property. Looking to ramp up my acquisitions, so will be looking at this again shortly.

Nathan, I'm also following up a few years late, but after doing some additional research I was able to get a better handle on it. In Pott County, it seems that almost everything worth buying gets bid down, but I am going to look into some other counties for the same coming up in June.

Hi all,

I was curious if anyone has purchased a property at foreclosure auction in a state with post-sale redemption periods? I was looking at purchasing a property in Iowa, but realized that it has a one year redemption period.

Does this mean I can not have title property to the property for a year? Additionally, at any point in the next year the party foreclosed on can pay back the amount I spent at the sale (plus interest) and take back ownership of the property?

I am not interested in this property regardless, so not looking for specific advice, but any perspectives or resources would be appreciated. I tried reading the relevant code and some case law, but want to make sure I'm not missing anything.

Thank you!

I've personally had pretty good luck with their skip tracing, but it's definitely not the cheapest. If you can find someone like @Will Clark who can do it cheaper I would definitely look into that.

@Jerryll Noorden That's an interesting point. I was only doing handwritten since I have the free time and I constantly hear that handwritten has a higher reply rate, but I'll definitely do more research into professional letters for my next round. Thanks for the reply!

@Kerry Noble Jr That's what I did for my initial inspiration actually!

@Jake Soper Thanks for taking the time to reply! I actually ended up adding a more personal touch to the letters I sent out. I was going to try and do a more specific list, but my town only has a population of about 65,000, so by the time I cut out owner occupants and a handful of other groups my list was only 500-600. I've been calling people in probate, tax delinquncy, etc but haven't had a ton of luck yet. I'd love to look into SEO at some point, but for now am just trying to keep my focus on one thing for a while.

@Jonathan Barr I am sending this letter to single family absentee owners with over 50% equity. I invest in Council Bluffs, which is a small market near Omaha, NE.

@Michael A DeAngelo I appreciate the input! I'll make sure to add that in.

@Todd Hutcheson I've been calling lots of landlord on Facebook and Craigslist, but haven't seen a ton of success from it yet, but it is definitely great experience. Thank you for the reply!

Thanks for all the replies!

@Jonathan Greene That's a great idea, I was worried about making the letter too long but I will definitely make sure to add a way to distinguish myself.

@Braden C. I'll have to do some more research into professional letters. I don't have a website yet but that is definitely something I would like to do in the future.

@Blaine Alger The market I invest in isn't very big, so I thought handwritten would be a good way to start. I have heard about ball point marketing before and it sounds pretty cool, I'll have to look into it more!

Hey everyone!

I'm looking to try direct mail and I was curious if I could get some honest criticism on the content of my letters. When I have listened to the podcast and looked around on the forum it seemed like most letters were pretty simple, but I just wanted to make sure my letters looked reasonable to anyone with a little more experience.

edit: The list is going to absentee owners with over 50% equity

Thank you!

Hey guys! I’ve been looking at doing my first deal recently, and I had an interesting offer come up and I thought I’d try and get some opinions since this is my first deal.

This deal was presented to me by a local investor, and we would go 50/50 on it.

The investor told me that someone alerted him of a deal in which someone got 50% of a house in a will, but their brother got the other half of the house. He wants to buy out his brothers half of the house, but only has 15k (other money that was left to him in the will. They think the house is worth 80k, and he is asking for an additional 25k loan against the house to be able to buy out his brother. He agreed to pay 9% interest. This seems like a good deal to me, but just thought I’d check with you all and see if I was missing something.

Thanks in advance!

@Tyler Weaver

Nice to hear a perspective from the other side. My initial plan is be able to get enough income to live off of, however I do think I could potentially work on a larger scale if I got really into it. Maybe I will try minoring in finance, that way I will have at least some experience Incase I try to go larger scale in the future, plus I’m sure the classes would just be interesting for me regardless. Though not majoring in finance or real estate could slow me down, having a 6-figure job aside from real estate would also help me get a much quicker start. Definitely no exact right or wrong answer, I’ll just have to see what classes I truly enjoy and am passionate about and go from there.