All Forum Posts by: Nick Collins

@Willy Wallace & @Elizabeth Wilson. I use Alesco Data. I just email Scott Neff and he sends me the list. I've used List Source as well with success. They are both pulling from the same data. 

With Alesco you can go back further on ownership. Plus I'm going to remove the age requirement. And though this goes against popular thinking I'll include LLC's. The thinking here is there will be one off investors who have a property or two in an LLC and eventually might want to sell the asset.

@Willy Wallace my criteria is in the initial post of this thread. The response rate is 1% or less. So keep mailing. 

Looks like I'll be the guinea pig. Implementing in April. Will spend a few thousand per month.

I've been to their event. Actually attended class 001. I listen to their radio show all the time. These guys are legit. They offer real advice and don't fluff anything. They are in Houston TX I am in Baltimore MD so no affiliation. Had I not joined another national Guru before meeting them I'd join their program 10x over. 

@Michael Baradell, No not yet. Will begin implementing in March/April. 

@Rick H. thank you. Yes it would be a monthly touch. I was going to eventually implement Probate and Code Violations as well.

@Patrik P. Thanks for your input I'm going to do Post Cards to reach twice as many people. I'm looking to mainly flip but will wholesale as well for cash flow. I understand your response rate is higher but has your deal conversion improved?

Hello I'm looking for feedback on getting a specific Direct Mail campaign going $1,250 a week for $5k a month in mailing. I've done DM before and purchased houses and rehabbed them. I want scale my marketing up. The criteria I may use from a more experienced rehabber from a marketing campaign is as follows,

-50% equity

-owned for 10+ years

-property is 25+ years or older

-owner is 55+ years or older

-zip code specific

Anyone buying houses on a large scale 5-10 house's or more per month doing Direct Mail I'd like your feedback and see if I'm on the right path. If I missed something in my explanation please let me know so I can explain myself and hopefully get some verification moving forward.

Thanks for the advice Mark Nolan. I've considered this option. In your opinion, is a C-Corp the best move for a real estate investing company for the residential fix and flip & wholesale business?

Though this goes against conventional thinking but I'm most likely going to cash out my 401k for operating income in my business. It's about $85k less the 10%. I'll worry about the taxes when it comes time. I figure I'm 33 Graduated college in 2007 been working full-time ever since making a salary progressively more YOY, the last 3 years capping out at $75k. My thinking is if I continue on this path I can retire poor or take a chance and go all in. I've given this much thought and should I lose from this decision then I'll deal with it and figure it out to keep moving forward. I know most people will disagree so come on tell me I'm crazy!