All Forum Posts by: Tin Lam

Keep a notebook in your car. Everytime you drive around, log down the date and the time your start the car, and the time you end your trip or turn off your key.
You justify by saying I"m driving to look for properties for myself or my partners. Anyhow, at the end of the year, shouldn't you be able to get over 750 hours?

Just some thought to think about.

P.S. Keep a few pens with different inks, so the IRS scumbs don't say, well last minutes you try to fill out the time log with one ink color pen.

Good Debt Bad Debt by Jon Hansen

If you're geting $1350 +CF every month, why would you want to sell the hen that lays the golden eggs?

If you can get 10% response rate, and out of that you're able to close 1% of the leads that come back. I think you're much better do real estate than selling direct mails services.

Let do an example.
You spend a monthly service of $50/month.
Pay for, let say $10 per response for 20 responses, =$200.
You mail out 500 pieces @ $1/piece = $500
Total costs would be $750.

You able to close 1% or at least one deal.

Let say ARV $100k
you able to get it under contract for $70k.
Wholesale/retail for $10k profit.

Now, the question is, would you better off doing/closing deal for $10k? or selling direct mail service for $750?

Hi all
I recently got one of my
offer accepted, and I'm looking for anyone who might be interested in getting
more return for their money than the CD banks offers.

I'm looking to pay 8%-10% on their investment secured by my property in San Bernardino city CA. This is southern California only. None of those out of state. If you or anyone who's might be interested in this opportunity, please let me know or pass the words around. Thank you so much and on that note, have a wonderful weekend.

Tin

Jason,

In your local market, there's someone who's do a lot of deals, go to lunch on a tuesday, wednesday, or thrusday, and sit in the back of the room listening in. You asked around and probably recognize the names. They don't offer to speak much, and only focus on doing deals. Ask around, and you'll find one. Take them to lunch when they're free since they're often busy with their own businesses, pick their brains, and observe.

I look up another address, and re-send again to see if they will reach them this time.

Wow, sad day. Taking Mystery out of Money and the Mobile homes from Lonnie, It's a great read for everyone. Sad day!

@Adam, drive around in your neighborhood and get the address from vacant properties, those are your leads.

Drive on trash pick up day, and whoever trash can not out, those are your property leads.

Walk door to door pass out flyers in your area you want to buy, those will be your farm leads.

Those there don't costs anything, it only needs your effort!!!

I agree with @Joshua 110%. I wholesale property myself, and I don't have a buyer list. But one thing I do know, is when it's a true wholesale deal (not the one you wholesale someone else's wholesale), and the numbers are there, you shouldn't have problem with takers!!! Enjoy!