All Forum Posts by: Jose Diaz

Jose,  You are looking up the property address on your county tax assessor'a website. This will tell you who the owner is and if they live there or not. If the owners address is different than the property address you can send them a mailer. A lot of times these are great leads. If the owners address is the same as the property address then you need to use a skip tracing service to try and track them down. 

The question really ought to be, 'Where to best focus your efforts and energy?'

If you think trying to track down the decision-maker at some LLC, convince them to sell you the property for a price and on terms that you can afford, then by all means, go for it.

Would I? Nope.

Let me help you get a clear picture of your objective: you are either trying to buy equity or cash flow at a discount. That's pretty much it.

You initial effort should be in creating a lead list of "suspects". Using the driving for dollars technique means collecting info in the field and sanitizing or 'scrubbing' it by eliminating obvious unqualified properties. From the ones you drive and identify, eliminate:

1) Corporate owned, including bank, investor, LLC, investment trusts

2) Recent purchase

3) Insufficient equity

Every seller needs a motivation. We call them triggers or catalysts. Something that causes them to want to sell NOW. Consider merging your list with other lists to discover "perfect storms" where people are overwhelmed with multiple problems.

A single mailing is insufficient. It is statistically extremely unlikely that you will send an owner a single letter that makes them do a backflip and want to sell their property to you at terms that you'd accept.  No one us that good at copywriting, especially when new. So, just hit them every couple of weeks with a simple letter that keeps you in the forefront of their mind.

Real estate investing can be very complicated however, there are lots and lots of people who have made tons of money despite not being wiz kids. Don't overthink the prospecting part of investing.  Just take the necessary action.

Thanks, I'll add you on.  See you then!

@Chris M. @Joe Pita @Raymond B. @Aly W. @Tim L  @Jason Forbes @David Stephens @Mitchell L.

Hello all,

This is the new thread for our meeting next week.  The meeting is on as scheduled.  We are again having afternoons with serious electrical storms here in Davie area, but I am crossing my fingers for good weather that day.   If not I may need to change the location of our meeting but ill be in touch. 

Thanks and see you then!