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All Forum Posts by: Andrew Briggs

Andrew Briggs has started 11 posts and replied 48 times.

Post: My First Driving for $$$ Campaign

Andrew BriggsPosted
  • Investor
  • Fort Worth, TX
  • Posts 48
  • Votes 15

@Adrien S.  Great info about returned mail!

Post: My First Driving for $$$ Campaign

Andrew BriggsPosted
  • Investor
  • Fort Worth, TX
  • Posts 48
  • Votes 15

Ryan, good luck to you. Sounds like you have a good plan. I don't believe you can get data on the owners mortgage balance or lien info but I may be wrong... I'm sort of a data nerd/programmer and I'm starting a new REI data business starting coverage first in DFW. I provide Excel formatted list leads to investors looking for off market deals. Just starting out, nothing official quite just yet... I specialize in identifying absentee owner properties, which can include vacants, estates and rentals. There are approximately 200k owner absentee properties in Tarrant and Dallas counties. Lots of opportunity! If you're interested in learning more, shoot me a message and we can chat. Like I said I'm not officially up and running quite yet but hopefully will be soon. Again good luck to you.

Andy Briggs

Post: Direct Mail Campaign Advice

Andrew BriggsPosted
  • Investor
  • Fort Worth, TX
  • Posts 48
  • Votes 15

Hi Michael, how are you targeting your properties?  Are you spotting specific ones or just blanketing a neighborhood?  Identifying your target properties, in my opinion, is the most important starting point.  Typically formatting your message so that it appears personal like a letter to the owner is another good approach.  Stating that you are a local individual investor who is looking to reinvest into the community vs. an outside, larger corporate entity like "We Buy Ugly Houses" may also be appealing to a prospective seller.  Message should be clear, simple and short.  "I was driving in the neighborhood, saw your house and I'm really interested in speaking with you about making an offer to buy it.  Please contact me at....".  Options...  People love options.  If you can, you can include one option to buy the house cash and a 2nd option to owner finance the house with a slightly higher purchase price.  You state this in your letter saying "... you can earn passive income as a seller when owner financing...". You state the terms you're willing to agree to for the loan including interest rate and down payment.  All of these approaches can increase your chances for landing a deal.  But it's a numbers game.  Volume and repetition.  Good luck.

Andy

Post: Starting a data service

Andrew BriggsPosted
  • Investor
  • Fort Worth, TX
  • Posts 48
  • Votes 15

Thanks Lucas, good feedback.  Those are great ideas.  My overall goal is to provide valuable, quality data at reasonable prices.  I've noticed at some of the data service sites like List Source it's difficult to select many different types of data filters or understand what you're actually going to get unless you subscribe or commit some money towards it.  I aim to design something a bit more transparent where the customer has a lot more control over what type of data they want as well as be able to preview or 'sample' before committing to buy... 

Also, thanks Damien for chiming in.

Any other ideas send them my way.  I'm a full time developer; I try to get as much user feedback before developing a product.  Thank you again.  I'll circle back when I have something up and running.  Appreciate it!  Andy

Post: Starting a data service

Andrew BriggsPosted
  • Investor
  • Fort Worth, TX
  • Posts 48
  • Votes 15

Hi, I'm actually starting my own small real estate based data service. Initially, we will be covering just the DFW metroplex TX with efforts to expand quickly to the other top investor markets in the country. I'd appreciate your feedback on what you like and dislike about the services i.e., List Source currently out there. This would help direct me as I begin to roll out my own services with the hope of adding value in a unique way to investors. Appreciate any feedback, ideas you could give.

Andy

Post: Real Estate List Services

Andrew BriggsPosted
  • Investor
  • Fort Worth, TX
  • Posts 48
  • Votes 15

Hi Shawn, I'm actually starting my own small real estate based data service.  Initially, we will be covering just the DFW metroplex with efforts to expand quickly to the other top investor markets in the country.  I'd appreciate your feedback on what you like and dislike about the services currently out there.  This would help direct me as I begin to roll out my own services with the hope of adding value in a unique way to investors.  Appreciate any feedback, ideas you could give.

Andy

Post: First Failure (And I haven’t even gotten started yet!)

Andrew BriggsPosted
  • Investor
  • Fort Worth, TX
  • Posts 48
  • Votes 15

Yes, 100 properties with repetitive marketing could be a solid targeted approach. For Sale by Owner rentals could also be included in the mix.. You can possibly get a better deal negotiating directly with an investor vs. competing on the MLS. Think Craigslist. However, vacants have all of the signs of a distressed property. Both types can be good buys.

The biggest thing is pick your neighborhoods, drive your neighborhoods, know the values of your neighborhoods and let the residents know that you're interested in buying there.  They could also be a good source for leads.  Track whatever properties you find whether it's 100, 50 or 200.  Real estate investors are professional marketers.  You're establishing your brand in those neighborhoods.

Post: First Failure (And I haven’t even gotten started yet!)

Andrew BriggsPosted
  • Investor
  • Fort Worth, TX
  • Posts 48
  • Votes 15

I would i.d. vacants and mail to the owners' address a personalized letter or postcard.  3 times minimum each time with a slightly different message.  Don't be surprised if it takes more than 3 times to get a reply.  Pick a neighborhood or two and focus your campaign there.  Repetition is key.  Sticking to neighborhoods within convenient drive times is wise, especially if you plan on putting in a good amount of sweat equity.  And once you have tenants you don't want to have to drive way out of your way to i.e., fix a broken screen door.  If you opt to do off market, then familiarize yourself with the real estate contract you'll need to close the deal.  Remember patience.  Best of luck.

Post: First Failure (And I haven’t even gotten started yet!)

Andrew BriggsPosted
  • Investor
  • Fort Worth, TX
  • Posts 48
  • Votes 15

Have you tried direct mail? What type of properties are you targeting? i.e., vacants? Less competition off the MLS, "off market." Patience and persistence are your allies. Repetitive mailing to your target properties.

Post: Tom Krol is by far the best Wholesaling Coach out of them all!

Andrew BriggsPosted
  • Investor
  • Fort Worth, TX
  • Posts 48
  • Votes 15

Interesting feedback.  Did they go into detail as to what type of properties to target when wholesaling?  Most of the mentoring, training I've had says to target vacant properties.. Curious to hear if they're guidance was similar.