All Forum Posts by: Patricio P.

 Thanks for the insight Larry. I'm not the OP but I have a follow up question. For someone who is starting out, paying someone with experience does seem like a good option. It gives you a chance to learn how its done and avoid costly mistakes. That being said, what is the best way to do this? Is it only during the inspection period or before making an offer?

@Sydni Chattman who is the owner of yellowletters.com and also was on podcast 77 and 81. He has repeatedly stated that he is happy to work with folks on BP to set up a marketing campaign plan. I would contact his office and make an appointment to speak to him as there is nothing to lose in my opinion. 

Are you really only sending 200 letters per month or was that a typo? It seems that 3 deals in one month from 200 letters is an incredible return. Am I missing something?

I don't personally have experience with direct marketing but it sounds like that would be a very labor intensive process. Typically what I hear is that most folks buy a list from a provider like listsource.com where they select certain criteria to get leads, then they send direct mail targeting that list trying to get people to call back. It's when they call back or visit your website and fill out your form that you capture their contact information. 

There are many options available to those who have a good deal. You can go into a Joint Venture with someone, borrow from a Portfolio Lender, borrow Private Money, work with a Hard Money Lender, etc. 

Congrats on your new son and also picking up that first investment! 

Can you tell us a little about the process and your experience during this time?

Hello @Account Closed, 

I have read some of your previous posts and I am unclear on some key items. Is the company you are starting going to be based in the US and purchase property in the US? Where it is located will make a big difference. 

I'm sure people have also told you "It's impossible to get deals from the MLS, they've all dried up!" Right?

Are deductions the only purpose of issuing the 1099 or is it a requirement regardless, which if skipped could land you in trouble?

 So let's say you're just doing renovations on your own home that you occupy as the owner where title is held in your personal name. Do you have to issue 1099's for this kind of thing or only if you are operating as a business?