All Forum Posts by: Robert M.

I am interested as well! Would appreciate a PM for the details.

House Flipping Opportunities in San Diego 

Learn the Fundamentals of House Flipping and the associated opportunities – for both beginners and experienced investors.

It doesn’t matter if you have experience or money. There are many ways to get started without either.
When you combine solid investing principles with hard work and sound techniques, the sky is the limit in real estate! 

Join us when local seasoned investor and SDREIC founder Gregg Watkins covers:

* The 4 Fundamentals of House Flipping
* How to Start with no Capital or Experience
* Become a Private Lender and Increase the Return on your Money

Don’t miss this valuable opportunity to ensure your business is on the fast track to success!

Agenda
7:00 Networking
7:45 Introductions, Market Update
8:00 Speaker (Gregg Watkins) and Q&A

Use the time before and after the meeting to network and meet other investors with similar goals and interests.

Date: June 15 @ 7:00 pm - 9:00 pm

Location: On the Border Mexican Grill & Cantina

Address: 1770 Camino De La Reina, San Diego, CA 92108, United States

Website: http://sdreinvestor.com/event/house-flipping-oppor...

Facebook: https://www.facebook.com/events/507319659459071/

Gregg Watkins has a 20-year profile of success as a licensed Real Estate Broker, Investor and Entrepreneur. He has negotiated hundreds of real estate transactions, including real estate investments, traditional sales, short sales, probate sales, and trust sales. Since 2008, Gregg has been working with fellow real estate investors to locate distressed single family homes to acquire, renovate and re-sell for a profit.

I live close to Coronado Island and would love to be a part of the master mind group. Please count me in if you guys decide to meet.

Robert

I would like to find out what is the path of least resistance for obtaining probate leads. Reading on the forums leads me to believe that I have to scour court house records for hours. Is there a more effective way to find probate leads?

I want to obtain a HELOC to have funds for investing purposes. I shopped around with 3 different lenders and found they pretty much provide the same product/credit line (80% of Property Value - Existing Mortgage = HELOC $ amount).

My question is if it makes any difference with which lender I open a HELOC with or are they all the same? Any recommendations?

I obtained an FHA loan for 240k at 5% with PMI back in April 2009. In 2013 I received an offer in the mail to refinance my loan to a streamline FHA loan to 3.5% interest rate, the mortgage company didn't lock me in time and I wound up with a 4% FHA streamline loan. I read that PMI drops off automatically when you reach 78% of the debt to equity ratio but was recently told that this would not be the case and I would be paying PMI for the life of the loan since I refinanced into new FHA guidelines in 2013.

I recently received an offer in the mail to refinance out of my 225k FHA loan into a conventional loan at 4.375% interest. I would not have to pay $103/ month for PMI but would have a .375% higher interest rate. I want to make the best decision possible and would like to know if anyone thinks this is a good deal?

Thank you!

I obtained an FHA loan for 240k at 5% with PMI back in April 2009. In 2013 I received an offer in the mail to refinance my loan to a streamline FHA loan to 3.5% interest rate, the mortgage company didn’t lock me in time and I wound up with a 4% FHA streamline loan. I read that PMI drops off automatically when you reach 78% of the debt to equity ratio but was recently told that this would not be the case and I would be paying PMI for the life of the loan since I refinanced into new FHA guidelines in 2013.

I recently received an offer in the mail to refinance out of my 225k FHA loan into a conventional loan at 4.375% interest. I would not have to pay $103/ month for PMI but would have a higher interest rate. I want to make the best decision possible and would like to know if anyone thinks his is a good deal?

Thank you!

I would like to know if anyone has worked with "The Monster Marketing System"? Supposedly you can get "automated homeowner appointments" with this product.

Excerpt from the http://honish.com/monster/ website:

The quick explanation of the Monster marketing system is this; you identify 18 properties that you would like to "target", they can be any property with an identifiable public data source (expired, NOD, tax lien, FSBO, etc.).

Once you have identified the properties you (or a team member) simply place the marketing piece at the property. No knocking, no meeting the homeowner, just dropping off the piece and going to the next house.

By design, the marketing piece prompts the homeowner to call for more information. The call will go to a call center via a toll free number that has been assigned specifically to you. The live operators at the call center (who have been trained on this system) will collect the homeowners' information and set an appointment for you to go meet with them and deliver more information regarding their home.

The Monster marketing system provides you with the 1) the marketing piece to deliver to the homes 2) Referral to the call center 3) information to bring with you to the appointment 4) weekly training via group webinar 5) one hour one-on-one training call to get you started 6) a follow up campaign to help turn initial appointments into listings.

The system has a 100% guarantee to get you face to face!

@Michael Quarles

Quick question, but what strategy do you use to market to NOD/90 Day Late Sellers?

Do you use the traditional yellow letter approach, "Hi I am Robert and I want to buy your house for cash?" Or do you have another strategy to market to these leads?

I have been using yellow letters to market to absentee owners and I want to expand my direct mail marketing campaign to owners who have been missing payments and have received a Notice of Default as I believe there is more motivation to sell.

I have been using traditional yellow letter message, "Hi I am Robert and I want to buy your house quickly for cash". Would this strategy work on owners who might have a looming foreclose in the near future? What should I include in my letter to market to these people?