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Updated almost 12 years ago on . Most recent reply

User Stats

38
Posts
3
Votes
Matthew Stover
  • Real Estate Investor
  • Florida
3
Votes |
38
Posts

Motivated Seller Mailing List Criteria your input needed...

Matthew Stover
  • Real Estate Investor
  • Florida
Posted

Hello BiggerPockets!

I'm still new to this but I have a login to listsource and I'm developing my mailing lists to begin sending yellow letter/card campaign. I'm in Florida and my investment strategy is primarily wholesaling. I would also like to start building a significant rental base.

I would to hear what you think about the following lists and their criteria. I realize that this could be completely crazy but it's worth me learning a little about it. All property searches cover a 3-county area.

WHOLESALING
Absentee Owners - Less than 2500 square feet, Last Market Recording Date is between 1950 and 1998 (gives me some possible room for equity), Last Market Sale Price is less than $200k, Single Family Residence (SFR) only

Pre-Foreclosure - SFR, Multi-plexes (duplex, triplex, quad too), pre-foreclosure initiated within last 3 months, mortgage under $250K, and original mortgage recording date is between 1975 and 2007

ARM Potential - Next interest rate change date between June and December, Mortgage under $250K, Original Mortgage date between 1998 and 2003, exclude reverse mortgages, and property types are SFR and Multi-Family

Tired Landlord with Equity - Equity between $50K and $200K, Last Market Sale date between 1975 and 2007, and Property Type - Multi-Family.

PRIVATE LENDERS
Private Investor Potential - Original Loan-to-Value (LTV) is between 50 - 100%, Mortgage Amount Under $200K, Mortgage Origination date is between 2011 and 2013, Current Value of home is less than $200k, and Property Types are SFR to Multi-Family

Please let me know if you think this is completely off or it needs some tweaking. The community's help is much appreciated.

THANKS! :-)

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