Aspiring Investor/owner from Bridgeport, CT

Aspiring Investor/owner from Bridgeport, CT

Stratford, CT · Member since 2016 · 8 posts · 2 votes

Hey there BP community,

I am very exited that I have recently gotten access to a list of properties (here in CT) that are in the pre-foreclosure stage (i.e they have recently received a notice of default.) Now, although I am a newbie, I have been studying and researching REI for quite some time now and I am trying to make my next move my best move, Like a well thought out chess move :) . Can anyone suggest some BP resources available to help me draft a a good letter, or the best strategies to reaching out to owners at this stage of a possible foreclosure. My concern with sending a letter (or hand delivering it) is I don't have a website or landing page to send them to, to lend me that professional credibility. But I do have my Dad who I am working with, who was a broker and has owned, fixed and flipped/sold plenty of properties with city records for proof. I'm looking forward to networking with real estate professionals who I can build mutually beneficial relationships with here in Connecticut as well as nationwide.

0Reply
21 views

2 Replies

Jump to latestLatest
  • Property Manager · CT · Member since 2014 · 687 posts · 329 votes
    9y

    Instead of dwelling on what you don't have, focus your attention on what you have. 

    Can you put your phone number on the letter so that they call you directly? Maybe you don't need a website right this minute. 

    Do you have a buyer in mind that can find the purchase or your own funds?

    All you need to offer is a solution to the owners problem.  Do they want to avoid forclosure? Do they need to stay in the house for a month or two till they find another place to live?

    Ease their pain and you will get what you need.  Good luck!

  • Stratford, CT · Member since 2016 · 8 posts · 2 votes
    9y

    I love your vantage point.. I definitely concur. I was just playing devils advocate, putting my skeptical self in the shoes of the owners receiving a letter from a stranger. But again, I agree 100% thanks!!! @Craig Bellot 

Join the conversationCreate a free account to reply, vote on answers and follow this thread.