Thanks everyone for responding...I sincerely appreciate your honesty and frankness...no offense taken. I certainly didn't mean to come off as a "negative nancy", but as I'm sure has happened to a lot of us, frustration sets in at times leading to doubt, etc...HOWEVER, "QUIT" is not in my vocabulary, so I persist. As per Michael Q's recommendations, I will do the best I can to send along what you suggested ( my tech skills are limited at best):
Postcard: Yellow w/ black lettering, 4.25 x 6
Purchased a list from Listsource...here is the criteria:
County
SFR, Duplex, Triplex, Quad
Combined LTV 1-70%
Equity 30-100%
Beds 2-4
Baths 1-3
Built from 1950-2002
Absentee Owned ( In state and out of state)
Trustee owned- no preference
Corporate owned-exclude
Mailing address complete...
...set up a PATLIVE account for sellers to call...when they reached the number, they heard this message ( it's quite long, so bear with me):
" Hi, and thanks for calling. As I mentioned in my postcard, I'm interested in buying your property "as is", making you a fair "cash" offer, and closing whenever you want...even in as little as 30 days. Here's how I can make it easy and convenient for you to sell your house to me. First, I'd like to pay all of your closing costs...this alone will save you thousands of dollars. Normally when you sell your home, you, as the seller, are responsible for certain closing costs on the transaction. These closing costs would be in addition to any realtor fees or commissions that you would normally pay. However, when you sell your house to me, there is NO realtor involved, so there are no commissions to pay, AND, as I've already mentioned, I will pay all of your closing costs so you'll end up making more money on the sale of the property. Secondly, when you sell your property to me, you don't have to worry about having your tenants move out either...even if they are not paying rent right now. If you have family members living there, that's ok too. I can close on the property, get you your money, and then make arrangements for tenants or family members to move out later or perhaps even allow them to continue to live there after I buy the property. Finally, if the property needs some repairs or fixing up, that's not a problem either. I can handle making the repairs when you sell to me so that you won't be inconvenienced. That means that you don't have to worry about spending money to make repairs to the property and incur additional costs or expenses...Not to mention, avoiding the hassle of dealing with contractors or handymen to coordinate repairs. Of course, when you sell your property to me, you'll be able to avoid all of this. When you sell your property to me...I'll explain everything in clear and easy to understand terms, and I will handle all the paperwork...and of course, you will have everything in advance so that you can have enough time to review it and make sure you feel comfortable with it all. I'll have the transaction handled by a licensed and insured title agent or attorney in the local area. This way, you'll know that everything is being done above board, legally and ethically. Now, most of the properties that I purchase are in need of repairs or updating. As you can imagine, because of the sometimes substantial expenses involved in doing this, I am probably not going to be able to pay you full, fair market value for your property. However, I can easily pay you a fair price based on the condition and situation. The bottom line is this...I just want to come up with a fair value based on the condition of the property, the situation...and your sense of urgency. If my fair offer is acceptable to you, then you'll get CASH in 30 days or less..and avoid having to wait the typical 4-6 months it normally takes to sell a property in this market. Now, just to be completely transparent, there is nothing funny here...nobody is going to try and sell you anything, so rest assured that I'm not interested in convincing you of doing something you don't feel completely comfortable about. I'm just an investor looking to find a few properties and I want to make sure everyone is happy in the end. If this isn't right for you...then I certainly don't want to push you into doing anything...In the end, you can decide if working with me is right for your situation. Here's what I need you to do next. Take a few moments and leave a message with your name, first and last, phone number with area code and the address of the property that you are thinking of selling, as well as any details about it's condition, the number of beds and baths, and so on and so forth, and your asking price. Once I have some of the basic information about your property, I'll go ahead and review it, and then I can call you directly to go over any other details that may be relevant, and then be able to give you a firm offer within 48 hours...then, you can decide what's best for you. At the end of this message, you'll hear a beep...when you do, go ahead and leave the information that I requested earlier. Again, thanks for taking the time to listen to this message and remember to speak slowly and clearly, spell any uncommon names, and give me as many details about the property as you would like to. I look forward to speaking with you soon. Have a great day. Bye bye"
Investment objective: 2 closed deals per month @ approx $5000/deal ( broken down...approx 100-150 leads per month, sell 75% of the deals, approx 35-50 leads per contract, contract on 3, close 1-2, working 5-7 days a week.
Thank you all very much for your input and expertise...all is appreciated.
