Rhode Island meet ups??

Question

Looking for meet ups to network with with home buyers, realtors, sellers etc...

Anthony Thompson · Answer

@Carlos Aquino you'd have to check whatever service you're using. My guess is that sometimes phone #s might be available, but for extra cost. My guess is also that there's no guarantee the phone #s are good.

So, if the option is available you might spend a little to test it out, but I think you'll find that most of the phone #s are probably old, not in service, etc. If you can afford it though it's probably worth trying, just to see.

If you're buying a list of non-owner-occupied (absentee) owners, I'm not sure what you could do with such a list besides direct mail.

If your list included owner occupied, then I'd say you could do door knocking, but if they're all in other towns or states that'd be kind of difficult.

So I'm not really sure. I guess I'd say if you can't afford direct mail, there's not much point in spending money on buying a list of mailing addresses for absentee owners. You might want to explore other marketing methods such as bandit signs, driving for dollars, fliers, etc.

May Emery · Answer

@Carlos Aquino. I would suggest that you can work with a mailing list broker. They will be able to answer all your questions and make suggestions for lists.

Most lists don't come with phone numbers because the compilers tend to comply with the letter of the law for the federal do-not-call regulations.

I would suggest that you get a list - but mix up several segments. Too many other investors are trying to buy properties from other Absentee Owners. Consider owner occupied Seniors with Long-time Ownership or Owners with Low Financial Stability Scores (FSS).

You can always get a list of approx 1500 names for $150 and mail out 50-100 a week to spread out the expense.

Anthony Thompson · Answer

@Carlos Aquino I haven't used that company specifically, but a quick tour of their website indicates that many questions about their service might be answered on the "FAQ" page which is linked at the top of their site. (FAQ = frequently asked questions)

Carlos Aquino · Answer

@Anthony Thompson have you ordered direct mail post cards on yellowletterhq.com? if so when ordering do they send it out to every address on your absentee list or do they send your the post cards and you have to send them out

Carlos Aquino · Answer

@Anthony Thompson if i purchased a absentee list do they come with a phone number? what's the best option for me if i can't afford to direct mail ?

Anthony Thompson · Answer

@Carlos Aquino yes, real estate is a legal-intensive field - I would definitely recommend you establish a relationship with an attorney who has some regular real estate activity in her/his practice, and any potential contracts you're considering using would be an excellent reason to do so.

Carlos Aquino · Answer

@Anthony Thompson thanks for your advise its really helping me.. if i were to print out a sellers contract and assignment contract they have online for rhode island should i still sit down with an attorney to look it over?

Anthony Thompson · Answer

@Carlos Aquino yes typically that’s what folks do after buying a list like that.

Carlos Aquino · Answer

@Anthony Thompson the criteria i selected to get an absentee list balls down to 1,600 for $350. I search ed the state and not the county. if i were to purchased this list the next thing to do is direct mail??

Anthony Thompson · Answer

@Carlos Aquino the exact mechanics of how to search would really depend on which site you're using to get the list. You might want to look at their help pages or, if necessary, contact their support staff.

I will say, don't do the whole state of Rhode Island, if it's by county then just start with Providence county since you'll tend to get the state's most populous areas anyway and even just from that it will probably cost a lot more to mail to all absentee owners in that entire area than you're expecting, so see if you can find out how many results you'll be getting, before paying to download the entire list.

Figure out your cost to mail each recipient, which at the bare minimum would be postage, but if you're using service will probably be more, and then do the math to figure out if you really want to spend to target the entire Providence county area.

My recommendation would be that if you can limit it by city, just start out with the city you live in, that way if you get calls it will be relatively easy for you to go check the properties out.

Rhode Island meet ups??

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