All Forum Posts by: Patrick Karbon

Thanks Bill!
It's great to see what other market's are doing now. We've been in the land contract market for almost 2 years and it's inspiring to hear from someone with 15+years of experience with them.

Keep the responses comming please!!

Patrick Karbon

Hello Investors!

I wanted to start a thread about what other investors require for Land Contract Down Payments.

If you're selling homes on a Land Contract- please share what you require so we can get a gauge of the different markets represented here.

Thanks for reading and I look forward to your replies!!

Patrick Karbon
Customer First Homes, LLC
Southfield, Michigan 48075
[LINK REMOVED]

Hi Bill and welcome to the site!

There's a lot of great people, information and resources here that can help you achieve your real estate goals!! [SOLICITATION REMOVED] Good luck!!

Patrick

Hi Brendan,

What area are you looking to flip in? Market's range across the country of different prices so the strategies may differ but the bottom line is you need to find motivated sellers who can sell for what your willing to pay (and keep enough room for your profit!!) I work out of Metro Detroit and have had HUGE success with Bandit Signs, Direct Letters and contacting landlords from Sunday Rental Ads. Flyering target neighborhoods is also usefull as long as you include something like "if you or anyone you may know is looking to sell"

Hope this helps and good luck!

Patrick Karbon

To answer your Topic Question, I agree with Sam- you must have a sound business plan that will logically show how those high returns can be attained. In addition, you must be able to educate your potential investors about your partnership opportunity with enough lucidity as to get them to say the coveted 'Ah-Ha! Tell me more'. I hope this helps and would be happy to discuss other marketing strategies to help you find your target investors.

Kevin,
As you know, our company is focused on providing home-ownership and investor wealth building. It can be tricky to let people know that you have a quality service to provide without sounding like the miriade of other similar companies. The best response I've had from attendees have been those who were referred by past clients. I just wanted to put in my 2cents and will reply with other ideas as they come up.

Thanks!
Patrick K.

Hi Michael,

I saw your post and wanted to comment back. I have to be honest and say that I would probably not answer to any text message that I got about replying. I would be concerned about unknown costs.

Hope this helps,

Patrick K

Hi Matthew,

Try the old fashioned Sunday Newspaper. Look for Rental ads by landlords within a close radius of your subject property. Call and ask if they're looking to buy property in the same area. The trick is to quickly tell them that you may have a property available for "X" $'s in the same area.
ex "Hello Mr. Landlord- I saw your ad in the sunday paper and wanted to know if you'd be interested in a 3 bed near there for *price*. This usually cut's the conversation down to whether or not their interested pretty quickly.

Good luck!

Patrick Karbon

Hi Ricardo,

Although Salesforce has been the best lead tracking software I've used, I began with creating a simple spreadsheet with columns labled as follows:
-Name
-Number
-Email
-Desired Area/ Zip Code
-Cash Available/ Down Payment Available for Land Contacts/ Rent Payment Available
-Type of housing needed (2,3 bed, multiple fam, etc)

Hope this helps!!

Patrick