All Forum Posts by: Antonio Srado

I have an absentee owner lead and need help in determining whether this deal is good or not. 

My lead recently purchased the home roughly two months ago. Her husband recently suffered a stroke has to stay in Puerto Rico due to his condition. She would like to sell as soon as possible. 

Purchase Price: $385,000 

Asking: $395,000

Comps: $375,000-$400,000

No mortgage is owed, and the property is currently being rented for $2,500 p/m. I am interested in wholesaling this deal, and would like to know what factors should I consider to maximize this opportunity.

Thank you!

@Kerry Baird, @Ryan Dossey thanks for your great insights... 

I have a relationship with a realtor that can pull cash transactions in a given time period, but no telephone information is shared through these records...

So my follow up questions is besides contacting my local title company, local REIA meetups/networking events, are there others ways/programs to locate a telephone number for some of these cash buyers?

Thank you!

Hello,

I am currently marketing to cash buyers through direct mail. I've found sales data on recent cash purchases.

Now, I understand that if the buyer lives in a different address than at the property that was purchased, it is safe to assume the likelihood of that person being an investor is pretty high.

However, I'd like to know what would you suggest (should we send a letter) if the cash buyer lives at the property that was purchased versus a different address.

A little more detail... I pulled a list of 189 cash buyers. Roughly, 85 of these cash buyers live at a different address, while the remaining live at the same property address that was purchased. I am trying to cut cost with direct mail marketing.

Does anyone have experience and a response rate of cash buyers living at the same address?

Thanks a ton!