All Forum Posts by: Terry Royce

Edward, I've come across a few probate deals while marketing for code violations mailings.

These normally came about over 1 year after the filing. While not directly marketing for probates, thats been my experience.

You are claiming the highest response 4 months after the filing?

Well if its vacant, the mailing address isnt going to be the same as the property address. The owner may have moved and never updated the assesors records.

You could search the owners name in the whitepages, or use other methods available in your area.

Lately I've been marketing other wholesalers deals with great successes.

I have them sign a disbursement agreement that is forwarded to the title company to authorize a 50/50 split of the assignment fee.

What is A-C?

I've gotten several cash buyers from craigslist.

Lately my number of responses has gone down alot.

However, keep all those emails, you never know when someone might POP.

I've only ever bought one house from a wholesale buyers email list. My one email address made them 10k. I try to think of every phone call and email that way, even at the time if it doesn't seem super promising for that particular deal.

I'm trying to finalize my new postcard copy, advice would be appreciated.

I tried to have a headline, call to action, and incorporate a sense of urgency.

Just using one sided B&W postcards this time.
Below is the copy.
=============

I will buy your house at:

<>

Call [PHONE NUMBER]Today to discuss selling your home and putting CASH in your pocket, and put your worries behind you.

We buy houses in all areas and conditions, with no costs to you, and even handle all the paperwork. Call now to guarantee your property is one of the ones we purchase this month.

Have other properties?? We are interested in buying those too
Also reach us at: [WEB SITE]/[E-MAIL]

Thanks for all the feedback I had a little time to go through the responses

- The building is in an extremely desirable area. The 2 buildings together,could be gutted and rehabbed to single family homes and resold for 275-350k each, the area is 3 blocks from the water also, and one of the areas hottest neighborhoods
- Yes it is not listed, again my partner has it under contract. I am assuming the owner got an insurance check and decided to sell it.
-Everything is seperately metered

Im just trying to better present the deal from a sales standpoint for the people Im marketing it for.

Also, the building can be expanded to increase the size of the units.

I'm marketing the deal for another investor. That fee was placed because we assumed negotiating would take a large chunk of it.

Ill respond to the questions when I'm not posting from my phone.

Thanks for the feedback.

Also, what would be the best way to estimate expenses?

Or are you just assuming 50% is going out the window with your calcs?

Also, that 250k includes a 50k wholesale fee.
I forgot to add that, so there is some flexibility in those numbers for negotiating.