Second Week Door Knocking - Results and Revision of Plan

[John Hyatt]

My goal is to get 50 units via Subject to and then sell them on a Rent to Own in Arizona to create a passive income of $5,000/month. This is just the beginning and then I will take that money and invest in Mobile Home Parks and so forth. What I am doing:

1) Door Knocking on FSBO, Pre-Foreclosures, and Rentals. I look for properties in my area on Zillow and then check the tax records to see if they are owner occupied. If so, then I Knock on their door.

Here are My results this week I went with a friend who worked for Merrill Lynch and built a large portfolio door knocking:

Knocked on 12 doors and only 3 people answered, the other 9 I left my note card and business card.

The houses that did answer here is what happened:

House #1: Woke the lady up and she said she wasn't interested.

House #2: House sitter answered the door and said the owners wouldn't be interested, but he will give them my card (not holding my breath lol).

House #3: Homeowner said they weren't interested, we asked three times (of course added info each time) and she was still not interested.

Things I learned this week:

1) Door knock later in the day like 4pm - 7pm when people are home.
2) Have better flyer to hand out and business card.
3) Always ask three times - never going to see them again anyways.

Next steps:

1) Create a flyer or Postcard that we can hand out
2) Create a more professional business card (currently have my ASU email)
3) Knock on moor doors
4) We are going to pick two neighborhoods and test a different marketing plan in each and whichever wins we take the winner and then a new idea and repeat.

Questions:

 1) A lot of the people that I have been door knocking don't seem like they are in pre-foreclosure. Is Zillow Pre-foreclosures accurate? or am I just not saying the right thing? I currently say "I want to buy your house" or "Do you want to sell your house?"

2) Any tips or advice?

Thank you in advance!

-John

[Bryan L.]

Try saying, "My partners and I are looking to buy some houses in this area/neighborhood.  Who do you know that might want to sell?"