All Forum Posts by: Neil J.

Hello Heather,

I'm also new to the real estate investing so I'm not really sure if my opinions hold any weight, but I believe  under your circumstances, wholesaling real estate might be your best bet to gaining capital without that much extra money with definitely no credit needed.

You can also look in to owner financing while gaining positive cashflow. I hear owner financing is a very difficult niche, not that wholesaling is easy either. Everything takes practice.

Hopes this helps,

Neil

That's awesome, I feel the same way.

Definitely one of the best forums I have ever been on!

Thanks

This post was very informative, and please look past my ignorance, but when you use the short term "refi" are you referring to refinancing?

Thanks a lot for the advice @JackieLange,

I have a buyers list of about 20 cash buyers, and you're 100% right about mailing out postcards to random properties. I've learned my lesson with this the hard way being that I've threw away well over $1,000 in under a week. I found that probate properties were the most effective and promising way to get valuable leads, but its very difficult to mail out to people in a very large scale because you're hand writing down leads from the court house.

If you don't mind me asking Jackie, where would I be able to find these code violation properties? It makes a lot of sense because obviously these properties are in some form of distress if they cant meet their city requirements.

Mention**

Hi Troy W.

That was very detailed and filled with a lot of great points; I definitely see your point on how actual profits margins out weighs percentage.

Thank's a lot for the advice

Wow, thank's a lot Devan,

You've definitely answered my question in full!

Hello Jacqueline,

To answer your questions in the simplest form.

1. The deceased name and the address of the property they left behind.

2. The Docking Number / File number. ( ask anyone who works there where its at )

3. The person who now owns the estate / property ( Executrix, Executor, Administrator )

4. The person who now owns the property personal address ( This is where you mail to )

Note* Do not mission the death! Just say, I'm interested in purchasing your property located at "blah, blah, blah", and I will be paying in CASH. Please call me at 555-555-5555. and whatever other touches you'll like but keep it extremely short.

Hello everyone,

I was just wondering what marketing strategy works well for you.

Yellow letters, Post cards, Bandit signs, Probate and so forth. 

How many and how often?

Hello my real estate family,

Is the "65% of ARV" rule engraved in stone? Should I not waste my time on a seller or "motivated seller" that is just not budging on the extra 10-20k I need to make the property meet the 65% of ARV? Should I not have them sign?

I would just like to know how serious these numbers are to most cash investors.

Any inputs or opinions welcome!