All Forum Posts by: Tim Herndon

@Crystal McDermott 

I think this is what you are looking for!

http://www.biggerpockets.com/files/user/biggerpo/f...

@Albert Allen 

Congratulations and welcome to the world real estate in Jax! I'll be glad to help you in any way I can.

@Josh Reynolds

I have two types of bird dogs.

1) The traditional way where they drive around and look for houses, take pictures, etc. I created a web based software so they can enter the property information and upload pictures. I can also update the statuses of the deals (color coded) so they can see what's going on. This keeps them involved because they know when a deal is going to close and they are getting paid.

2) The new type of bird dog is even better because we just pay to place an advertisement on their back windshield ... WE USE AN ANALYTIC TRACKING NUMBER THAT IS ASSIGNED TO THEM. These calls get recorded and bird dogs can pull monthly reports. This tracking is what keeps them involved. We capture them through the squeeze page that is built into the software by advertising on Craigslist, or sending direct mail to service type companies like lawn maintenance, pest control, mobile computer repair, etc. We also mail to divorce and probate attorneys. We pay them 10% of net profit and can pay them through Paypal using the software but I prefer to meet them at Starbucks and record a video giving them a check. We take that video and put it on the squeeze page for social proof. Then we get their friends family and neighbors who want to place the ads on the rear winshield of their vehicle! We found that the rear get 2-3 times the calls that ads on the side of the vehicle get. We pay the sign company $75 per vehicle and the tracking number costs $1 per month and .02 per minute. We use those tracking numbers on all of our direct mail campaigns too. I hope these ideas help anyone looking to set up an army of bird dogs. THESE LEADS HAVE VERY LITTLE COMPETITION! Plus, unlike other types af advertising, this is a one-time cost and the ads keep getting seen for a long time.

Larry Bernard

http://bernardlaw.net

904-751-6980

@Dan Costantino

Like with any direct mail you are going to have to send a lot of letters to get a response. Did you send first class? If you send first class the mail will get forwarded if they put in a forwarding address, or it will get returned. If you send standard this will not be the case.

Yes! Skip Trace. I'm not sure if I am allowed to recommend a company here.... don't want to get in trouble. Pls send PM if you want my recommendation on that.

You won't be able to intercept the properties if they have slready been taken back by the bank and I would check to see if they are REO's or pre-foreclosures before you spent money on mailing. I hope this helps! Good luck investing!

@Erik K.

Thanks for sharing. I have a deal in Orange Park with similar numbers - I just put it under contract today for $66K. Is the meeting still on for 3/10 at BJ's?

@Jack Bobeck

Thanks for the NEFAR report! I'm going to check it out.

@Hydee Vanterpool

You may want to go to some REIA meetings. They have certain meetings during the month that are just for landlords. If you are looking for good deals but don't have the time to find them check out some of the wholesalers in the area.

@Zachary S. @Brian L.

The squeeze page is just part of the equation. How you capture the leads is important (conversions). The key in my opinion is to have a site that looks like a website (for SEO) but acts like a squeeze page for lead capture. You also need to integrate with an autoreponder, regardless of whether you are building a list of sellers, cash buyers, or private lenders.

You can Google REI Squeeze Pages and go from there...

Let me know if you need help and I'll be glad to point you in the right direction. I've got quite a bit of experience with this.

Thanks for the update. I'll be there!

Thanks everyone! I really appreciate the warm welcome and all of the comments! If you need anything I am here to help.