All Forum Posts by: Manuel Prado

@Curtis Worth It’s hard to say which one would work better. I have mixed them up and have had good success. I always start with postcard, yellow letter, travel postcard (thIs one catches lots of attention because Is hard now a days to receive a postcard of mackinaw Island for example), formal Company letter, yellow letter. You can send in intervals of 3-4 weeks between batches. If you’re by yourself I wouldn’t send more than 500 at a time. That phone would have to be ringing everyday so you can get leads, appointments, contracts signed, contracts assigned. Hit the same person 4-5 times with each of those letters. Re use the same mailing list twice or 3 times a year if possible(depending what type of list you use). The list where I find lots of motivated sellers is tax delinquent (“people who may owe 2k or more for more than a year or two)

@Curtis Worth are you trying to wholesale, buy and hold, fix and flip? For any of them I love marketing to properties that have lots of equity. 80% or higher. The tax delinquent is a good list, and lately we have bought lotmof properties from people close to retirement or elderly about to go to assisting living. I have used Yellow letters.com as well as modern postcards and click2mail

@Curtis Worth to answer your question YES they do work, just like any other piece of writing works as well. These are the things that would raise the probabilities of working even better: Target your audience Tailor the message to that audience Mail consistently Mail consistently again. This is probably the most important one. It’s amazing how many deals we have done on the 3rd 6th letter someone has received. Think about it, someone who may be thinking about selling receives your letter today, but they don’t call you. They get a second and third and fourth letter afterwards. They may have received who know how many letters from other investors. If you are the only one who continues sending them letters, who would they most likely call?

@Garrett Diegel that is exactly what I’d do. Continue brrrring and flipping that money over and over. Sometimes you find deal where the first R (rehab) is minimal or none and you can accelerate your growth. Make sure you are left of with the cashflow you want after paying your private money guy and everything else

@Jon Dawson. Raises the real estate you’re dealing with to put as collateral, you can also bring in other properties you may have with good equity to strengthen that security for the private money partner

@Michele B. Very interesting point Michele. Would it be tok much for You to share little more about what you’re talking about?

@Megan Hodges define first what your goals are and then make your plan around that. Rental game is for the long term, little by little, less risk, less money, more secure (in my opinion), more exit strategies. Fix and flip game more risk, more money involved in and out, less secure, more short game. So define what your goal is, what your needs are, and then look at what would best fit your needs. Manny

I like staying in the 48602, 48603 zipcodes. The more west I can find a property in there the best. What type of properties are you looking to get into Chad S? Rentals, fix/flip? SF, multi unit, commercial?

321 S MCLELLAN ST. BAY CITY, MI 48708

For those investors, handyman, and those who will like to get into a house with lots of potential and make their money while living in it, renting it out, or flipping it.

Lots of different ways you can go about making money when buying this property. Whatever works best for you you will make money in this home. Few blocks away from the hospital and Bay City Central High School

3 bedrooms

1 bath

1467 sq/ft

Crawl Space

Big yard with a shed

Corner lot

Drive by it to make sure is where you want to live/invest

Call or text    

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Pictures: https://www.dropbox.com/sh/tny26qytlqoghui/AAC9UC-OWddHB_wiSyBvLcoda?dl=0  

Great Felipe you will get there. Persistence and staying focused on what you want will take you where you want to go.