Preforeclosure

[Eric Smith]

Hi everybody,

I have purchased a list from Listsource for preforeclosures in my city. Does anyone have any experience talking to the homeowners? I will be going by their houses to talk to them personally. I want to be direct but I don't want to be offensive since they are going through a tough time. 

Also, does anyone have a follow up process for trying to contact the homeowners I don't get in touch with?

Thank you in advance for any ideas,

Eric

[Account Closed]

@Eric Smith @Breeona W. @Ehab Tadrous @Hemanth Grandhige @Anmmar Alsaggaf @Paulette Hewitt

 My letter made me a Million Dollars. 

I Titled it "7 ways To Avoid Foreclosure" with me buying the property as option 3 so I didn't look too self serving. I used legal size double window envelopes at $50 per 500 and had the message show through in the top window. I sorted the database for the zips I wanted and I mail merged the names and addresses. 

The letter was one side of one page printed on 24# paper printed and tri-folded at Staples so the address showed out the window when inserted. I mailed on mondays so they got it on wednesday or thursday so it didn't compete with the thick monday's mail. I put a 1st class stamp on the envelope. I sent out about 500 every week. Yep. It cost me about $1 per mailer. So, I spent about $500 per week advertising. My wife and I would watch "Flip this House" while we stuffed and sealed and stamped. I was one of the highest users of services at Staples and I have a platinum discount. I had my cell phone number on the insert and picked up the phone every time it range regardless if it was 7:00am or 10:00pm

I would ask "which item number do you have an interest in?" and direct them in that solution. Obviously, if they said #3 I would schedule a meeting at the house with all owners of title present.

If they said any other item number, I would advise them of those options as best as suited their situation and I would tell them that if they needed help, let me know or if they decided to sell, give me a call. I treated them fairly and with respect and I made a million, literally.

Sometimes I was able to help them keep their house without costing them a dime. Sometimes I would get a call back a year later from them wanting to sell their house to me. I got lots of business. But always, I was respectful of them and of a tough situation, offering honest solutions and we both benefited.

I now do "Subject To" instead, with Joint Investors, because it is far less risky, it is more profitable, less work and a much faster way to wealth with a $25,000 investment instead of the $200,000 and $300,000 I had to use in the market I was in.

If you choose to do Foreclosures, my method works great, but find out if it is even still legal since the changes of 2011, and 2016. In some locations, it will now get you a visit from the AG's office. Make SURE it is okay in your jurisdiction. 

If it isn't okay and you want to move onto less risky "Subject To" and make some real  money, email me. My profile has my email address. 

Ken

@Anmmar Alsaggaf