All Forum Posts by: Sharon Vornholt

Randall -

I think this is a personal decision, but in general bread an butter homes are easy to sell. I primarily work with absentee owners and probates. For my absentee owner lists I use an ARV of about $50K - $200K since I am only paying a percentage of that. (I use this ARV for probates too).

You have to be careful going up to that $150-200K ARV in my area, because that puts the house outside of the parameters for a house that will cash flow for a landlord. I have rehabbers that sell retail on my list so I'm ok doing that.

For absentee owners I look for 50% equity, I leave out bad areas and war zones (zip codes), and I only mail to out of state people that have homes here. Ky is not that big so if you were inTexas for instance that is a big state, you might include anyone further away than 3 hours or so.

But good bread and butter homes are always easy to sell.

Brandon Turner- Well I don't know about that, but I will give it a shot.

Companies like listsource are great for targeting criteria you are suggesting Randall. You can really nail down areas if you are interested in specific neighborhoods and zip codes. You can filter in equity, arv of house and all other sorts of things. They have access to all records that are considered public record. I have never gotten a divorce list but that info is in the public records.

If you want to do a postcard mailing, the company I use can also sell you a list. You can email me.

I think that your best bet is to buy a targeted list. You have to pay for it, but the list can be used mulltiple times for your campaigns.

You can go into listsource's website and play around (free) by putting in parameters to get a count of prospects. I will tell you this; they have to plug in some things like equity themselves. They will also run a list for you (free) and tell you how many prospects you have for each criteria you select (if you have more than one). You can get the price for that list and get it then if you want.

I hope this helps guys.
Sharon

I double close everything; it's just cleaner that way. I find a property and put it under contract. My buyer gives me at least $1000 as a deposit. It has to be enough money to be painful if they walk away (which has never happened).

I schedule the B to C closing, and then schedule the A to B about 20 minutes afterward. I am always selling the property to an investor, and that investor in the B to C closing knows what I am doing.

The person for the B to C closing must bring a certified bank check to the closing so everyone knows the funds are there. We sign that paperwork, the closing attorney collects the paperwork and the money and gives them to one of the office people to process at that time.

I then walk into the room with my seller, close that transaction (with funds from the B to C closing). The same attorney takes that paperwork and leaves the room to get it copied and pick up the checks which have already been cut.

They get their check in about 5 minutes, we shake hands and they leave. The attorney and I walk back into the other room (the B to C closing), he hands them their copies, gives me my check and we all go home. It takes 30-35 minutes start to finish.

I think it really helps that we use attorneys in KY, and also that my closing attorney is also an investor.

You can usually find the tax assessor's site by typing in, "(your county) property valuation".

Here's what I do when I deal directly with a seller. I never give the seller any money; you will never see it again if they fail to close. I will put "$100 deposit to be held by my closing attorney" in the contract. That will satisfy them.

I agree with the others on Realtor or bank transactions. They are going to want $1000 in most cases.

It is a great deal. I've gotten one call today as a result of the BP ad. Folks should use this service!

Hart -

I usually use Postlets, becuase it is so easy to use but I will look into vflyer.

Al WilliamsonJon Klaus. Thanks!

I have a 2/1 house with a full basement and a one car garage near Churchill Downs for sale. Kitchen and bath need some work. Other misc work needed. Contact me for more information.

This is a great rental area. You can see the pictures here at:

http://www.postlets.com/repb/8426764

I just wanted to give all the BP members a great big thank you that voted for my blog the Louisville Gals Real Estate Blog last week in REIClub's best blog contest.
I was honored to be nominated, and really happy to come in 2nd place in the national contest.

Thanks so much!
Sharon Vornholt