All Forum Posts by: Shaun Johnson

I think I understand your desire to take out a low interest loan, then lend out that capital to your builder at a higher rate of interest, pocketing the spread as profit.

- What rate are you intending to acquire your loan?

- At what rate atl RE you intending to issue your loan to the builder?

- How many payments can YOU pay out of pocket, in the case the builder “needs a grace period” or otherwise is unable to pay on time?

- What position would the builder defaulting put you in, given you are not interested or able to lend out your own money?

These are all my initial questions, though important ones.

Haunted, eh? I've got to keep that in my back pocket, the next time I'm competitively bidding on a property. 

What an awesome find and improvement. Best wishes on a strong and speedy sale!

_Shaun

Fantastic @Craig Drummond! Best of luck to you, as well as a swift and savvy sale in the future.

_Shaun

[Not related to the substance of the post, but in case anyone wondered]

Moore's Law: Every 1-2 years, computer processing power will double.

Murphy's Law: Anything that can go wrong, will go wrong.

Very helpful to hear the 6-month minimum campaign as well as the suggestion to check out Modern Postcard, @Joaquin Rosario + @Cody Alexander!

I am considering a direct mail campaign to identify off-market real estate opportunities in Union County, NJ. I'd evaluate and purchase good properties within my budget ($200k), and attempt to wholesale good deals outside of my range. Given a 5% response rate on mailings, and about a 5% conversion rate to get a viable deal, how should I be thinking of a reasonable budget to allocate to direct mail? Are there any services you'd recommend?