All Forum Posts by: Sean Brennan

Eric Hettena Thanks! Yes, I think I am going to go no matter what, just for the practice at the very least.

Fredy F. Yes I will tell him that he should sell before the foreclosure to save his credit. Thanks for the reminder.

Alex Hart I didn't give him a ballpark yet, but I told him it would be a lot less than $279k. Yes, bringing the comps is a good idea, will do that.

There is plenty of room between his loan amount and my asking of $120k ish, so I am not worried about that.

Okay, have an appointment with my first motivated(?) seller tomorrow. Pre-foreclosure with equity and needs to sell. He heard some crazy talk that it was worth $279k. I peg the ARV at $215 lol. But it needs quite a bit of work. I believe to get my fee and my buyers profit we will need to be at $120k to $130k. How do I get him to take that?!

Looking forward to this topic!

Wow, very inspirational results guys!

Welcome Peter! You should post a profile picture. It makes it easier to connect with people on here. Hope to see you at Black Diamond!

Hi Bill Gulley. Awesome post. Thanks so much for taking the time to write it!

Lol thanks ned

Wait, that is not really a lead (a person you have already spoken to or have been contacted by)... its a new property owner that gets added to one of the above lists. Confused by the terminology. Sorry. :)

My understanding is that you should contact a lead every 30-60 days; but, for how long (assuming they don't ask to be removed from your list)? I was thinking the following:

1. Preforeclosure - Until they get foreclosed on or 6 months goes by

2. Probate - Until they sell or one year goes by

3. Absentee - Until they sell or forever (?)

4. Tax Liens - Until they are forced to sell or get caught up on payments

5. Code Violations - Until condemned or brought up to code

What do you guys think?

Congrats Jamaal!