All Forum Posts by: James Danchus
James Danchus has started 48 posts and replied 188 times.
Post: Need Recommendations on DMM Venders.
- Saint Peters, MO
- Posts 193
- Votes 37
BP,
I'm looking at some DMM venders to see were I can get the best bang for my buck. Does anyone have a company that they recommend?
Post: Wholesaling Craigslist FSBO's
- Saint Peters, MO
- Posts 193
- Votes 37
Post: What makes someone a "Cash buyer"?
- Saint Peters, MO
- Posts 193
- Votes 37
Post: HELP!! NEED CASH BUYERS INTERESTED IN ST. CHARLES, MO RE!
- Saint Peters, MO
- Posts 193
- Votes 37
bump, St. Louis, St. Charles, Missouri
Post: Step by step instructions for wholesaling off MLS
- Saint Peters, MO
- Posts 193
- Votes 37
Originally posted by @Jarvis Frazier:
Can anyone help me with a quick overview of how to wholesale deals off of MLS?
Basically, it's the same way you would wholesale an off market deal. Contact the realtor, ask them how flexible the seller is, then I usually send them an "unofficial" written offer via email. In the state of Missouri, if the realtor gets an offer in writing, they have to notify the seller. Get it under contract, assign it, yadda, yadda, yadda.
It's a grind, but if you're respectful of their time and don't treat anyone like an idiot, you'll land some deals. They're out there. A secondary benefit is that you'll connect with a lot of agents in your farm area.
It's a grind, though. A hard grind.
Post: Original Yellowletter Ideas
- Saint Peters, MO
- Posts 193
- Votes 37
BP,
One thing that I've noticed when studying Yellowletters is that there are definitely a few generic templates out there. I have a mail drop coming this week and I am looking to stand out (as we all are). Does anyone have any advice on how to do so?
Post: Zillow now says my property is worth double!?
- Saint Peters, MO
- Posts 193
- Votes 37
Really, all you have to do is start from one deal and work backwards. Based on everything I've read on here and heard elsewhere is that the response rate for postcards is anywhere from .5% to 2% and letters are around 5%. Lets say we get 3%. If your a killer closer, generally your going to close around 5% of those. I'm probably not gong to be that good at least starting out so let's say I close 3% of my leads.
So...
1 deal= 3% of 30. So I'd need to get 30 calls to get deal. At a conversion rate of 2%, that means that I'll need to send out 50 mailers to get one call. 50 mailers X 30 calls = 1500 mailers. The cost of each mailer ranges from .90 to $1.
Its a rough estimate, but I think it's a goof road-map.
Post: HELP!! NEED CASH BUYERS INTERESTED IN ST. CHARLES, MO RE!
- Saint Peters, MO
- Posts 193
- Votes 37
BP,
I am currently running a direct mail campaign in the 63301 area code and I need to fatten up my buyers list for the ridiculous amount of business I am about to do.
You interested? If so, DM me with your name, phone number, and email address so I can make you one of the first to know when I have a scorching, white-hot, molten lava deal.