My Journey

[Charles Cline]

Ok, I am a brand new investor. Just to break down where I am. I am a licensed General Contractor, I was a realtor in the past and recently have submitted my application to renew my RE license, I am a client of Fortunebuilders education, and I have a mentor. Financially I have very little funds saved up, but decent cash flow coming in. I have coordinated with my mentor that he will fund all deals that I find and we will split the profit. I just need to find the deals.

The methods I am going to use are Bandit signs, which I ordered and should be in next week, and I am going to use Direct mail marketing. I purchased a list from Listsource of absentee owners in my town with equity and got just over 1000 names. I am breaking those names down into 100 name groups. I am sending out 100 every Monday and 100 every Wednesday until they are done. I am using yellow letters and I am going to track the mailings and test the results. I am going to try different things each time I renew the mailing to see what gets the best results. Next I am going to buy a list that has owner occupied homes that have elderly tenants and start adding them to my mail list. I am also going to start sending letters to NOD list of foreclosure radar (or is it property radar now?) I am going to send the list every 6 weeks on the absentee and every 4 weeks on the NOD.

I am going to track the results, or lack thereof and post them here. Please let me know what you think of what I am doing and what I can do better, any advise would be greatly appreciated.