All Forum Posts by: Ken Nyczaj

Setting up a house visit with a distressed seller and I had a couple of questions for the BP Community:

1) Anyone have experience where the seller may not be able to physically travel to the Escrow Company to sit down at closing? I can take documents to and from him to get signed since the house is nearby, but physically he may not be able to make the trip to a closing table.

2) I did a tax lien search in Maryland on the Maryland Judiciary Judgment and Liens Search, and his name did come up numerous times in the past, but it shows on the records that each judgement and dollar amount has been satisfied. Anyone have ideas on how I can dig deeper? Last thing I want is to by a home with a lien of $50,000, but I'm thinking the Escrow Company would catch this as well.

There are no recent liens within the past few years listed. That being said, this is a seller that I found on a county tax delinquent list, and he is behind on his taxes as of 2018, but I'm thinking it hasn't gone out to bid for a lien yet?

Thank you

@Adeiza Jatto stick with it. I’d say responses may not start coming in until your 3rd 4th 5th round of DM Campaign. The objective is to outlast the competition, only a few continue to market while others stop marketing, and that’s when you get the deals.

Gaurav A. In Maryland, County transfer, state transfer, state recordation tax are usually split between buyer and seller unless otherwise stated. The other big expense is owners title insurance which is usually paid by buyer unless otherwise noted. A quick google search of California closing costs breakdown should net you an answer for what the standard is.

Alan Centurion check out listsource.com or another list provider and get a list for owners with equity. Scrub it for your farm area and start there. There’s a lot of different categories for motivated sellers, but you want to find the ones with equity when starting out.

@Rebecca R. Welcome! I grew up in the Severna Park area. Houses in that city may be too expensive unless you find a great deal through marketing, you never know it's always possible. Pasadena and Glen Bernie seem to be much more affordable and won't be too far from you.

Best of luck!

@Jerry Puckett @Jorge De Jesus I hope you're right. If so, then now is a significant time to start investing.

@Henri Meli That is my plan- to build rapport with sellers. I do account sales for my career and patience and persistence has been a great attribute of mine. Even if I'm talking to sellers for months or years, that is fine, I'm here to help them and find a solution that works for us both.

@Michael Quarles Thank you.

@Henri Meli @Jorge De Jesus @Victor Noriega @Rachel H. @Ola Dantis

I wanted to update you all after two weeks since the mailings.

About a 1% total response rate. Lower than I thought it would be, but of the few leads I got two were very strong with homeowners that own multiple properties:

One being a tired landlord owning homes in a lower-income area, the other being a couple that is retiring and plans on selling their primary residence and three rental properties within the next few months, and then live life traveling in an RV- sounds like how I'd like to end up. Luckily, these three rental properties are in areas I would definitely like to invest. The tired landlords properties are slightly outside of my preferred area but it may work.

I'll be doing a third campaign the second week in May and changing a few things. The letter will be a follow up rather than an introduction letter, and I'll be placing our business card inside each envelope. Got a great tip on a BP Podcast to use the backside of your business card to explain what your company does, buys, or use the space for placement of your companies mission statement. Our companies website will also be listed on the business card to give homeowners more security that we are not scammers.

As far as outsourcing, I'm looking at a few different companies. Or thinking of hiring an unemployed family member to fold, stuff, seal, stamp envelopes. I would just be mail merging, printing and then handing them the materials, tremendously reducing my time involved. I may try both, one this month, one the next to get experience completely outsourcing or having an "employee".

Thanks for reading.

@Christian Sifuentes yes. Queen Anne’s. Message me if you’d like more info. I’m actively looking for buy and hold in Talbot County, PG County, Anne Arundel County.

@Joaquin Rosario

Thank you for the advice.