All Forum Posts by: Robert L.

Hi David, Welcome! I'm pretty new here and to investing. I look forward to needing some money services in the coming weeks/months. Currently, I'm doing the work to find deals in my area.

I'm no expert, but, not sure if you've already tried this; Offer the tenant $500 or more to be out by the first of April. Otherwise, it could drag out longer and cost more. Not sure if it would do any good to mention that you're adding court fees and such up the longer they're in there. It would depend on your lease agreement and included penalty for not complying.

THE TILE IS ONLY BLUETOOTH, not GPS! It's for short range finding. Bluetooth only works for 30 feet, or less depending on obstructions. And it will only work properly with the phone it's paired to, since it's that phone that tracks your items. The only reason it may help is if you have the tile on you and your phone gets left at the scene of your abduction. In that case, the police MAY be able to figure out which way you went. If your phone is still working and the police get within 30 feet of you when searching for you, then it could be a good tracking device.

Welcome to BP and I wish you the best of luck in your journey. Since you're not tied to a job and it sounds like RE Development is a big interest to you, you may want to find a local developer to work for. Someone you're able to personally connect with, help out and learn from.

Oh, and if this business is what you really want. Don't give up for nothin'!

Otherwise, you could end up like me and 13 years later, wishing I had stuck to my guns and continued to pursue the business.

I had the mindset at the time, but lost my motivation when I pursued a computer consulting business. That "after hours" business crumbled after having kids and since I didn't treat it like a business. I was the professional, owner and only employee.

I was the one taking the calls and only one that customers cared to work with, because I do have a good customer service background and can work well with people.

With the investing business, I look forward to hiring someone as soon as possible, first for marketing. I do not want to be the one writing these letters for very long.

So, I at least learned something from the previous business. Build a business, not just another j.o.b.

Good work. 200 is a decent amount.

From what I'm reading/hearing, unless you get lucky, you'll need to be mailing those leads repetitively before your percentages of calls goes up. I'm also on my first round and I'm keeping in mind that I may not hear anything until I hit those same leads 5-8 times.

I believe that's why a lot of would-be investors quit. Thinking they can send once and get calls.

My realtor even mentioned that she tried sending letters to a couple properties (she has a buyer for each). And told me she never heard anything on those.

I told her the same thing. Mail them back, twice a month or once a month, until you do hear from them.

She already realized that you are attempting to get them at the right time. But, I could tell from the tone of her voice that she gave up after the first letter.

You also have to realize that you are likely not the first person to mail these leads.

Imagine walking into a house of one of those leads and seeing a stack of direct mail on the dining room table. Not only that, but NONE of them are opened. You have to be able to be able to stand out from the moment they get YOUR envelope.

And in some cases, like defaults, you may have to leave a yellow post-it note on their door to get their attention. Just because they have already been bombarded by the "yellow letter" marketing by all of us "investors".

Can you imagine, after opening a few of those, you'd start to identify them and throw them in the pile with the rest of them.

So, if you don't hear anything back after sending to the same contacts a while, be creative.

Justin Owens Have you sent any letters out to potential seller leads? I'm curious, if you have, how many times have you mailed? What have you tried, in regards to finding motivated sellers?

Justin Owens Best of luck to you. I've recently begun the journey myself. Garrett Zander Hello! I notice you're in Lancaster. My hometown. Couldn't resist saying Hi. Good of you to offer mentoring. Take care.

Welcome to the community. This is a good place to start learning. For starters, learn your market. Attend your local real estate investor club(s) and network with them. Bigger Pockets has a lot of valuable info to learn and answer those questions. There's no easy answer. For instance, I tried running numbers on a probate property that seemed as though it would need a lot of work and another investor had already put in a high offer. Only $10,000 less than asking. My numbers showed they might only profit $15-20K. That's a tight maybe for my personal comfort right now. But, maybe just fine for their level of where they're at. Best of luck in your success.

Hello; So, I'm curious and my "how to" gears are turning. Being inexperienced, I either would like to find an experienced buyer (assuming there is someone out there for this sort of deal) for this property or have an experienced investor partner with me, who is familiar with how to solve or work around these types of issues. I would like to learn about how to help in these difficult situations and get some experience. I imagine this wouldn't be the first of it's kind and where an investor had been able to step in and turn a property around. Situation: 3 Bed/2 Bath 1300+ Sq Ft SFH Asking is $459,900 and owner owes $436K. It has been mentioned the buyer will need to close with at least $2k (not sure why it was mentioned, just passing along). It's been on the market for the better part of a year. There was a murder on the property a year ago. Father stabbed and killed his 18 month old son. Then, stabbed himself, which was not life threatening. The property has been a rental for a while and at the time of the death, there were multiple people/families renting rooms in this house. The neighborhood is otherwise mostly owner occupied and a good neighborhood. I'd like to at least hear from those in the BP community who have come across a similar situation and successfully flipped, despite the circumstances. If you have links to similar stories where the outcome was a success, please pass them along.