All Forum Posts by: Braden C.

I believe it depends on what type of language the POA has in it, and of course, if he has been declared incompetent. By simply giving someone POA, it doesn't prohibit you from selling real property (again, unless that's how it's written). That being said, there's a high probability that any sale would be challenged by the daughter and you could find yourself defending a lawsuit down the road.

@Itzel Salazar You can pay off any liens you want, but if there's a mechanic's lien for $50k and the house is only worth $40k, you're not going to pay that off because you aren't going to close on the property. Essentially, if you put in your contract something like "buyer agrees to pay off all liens" and then you find out there are liens way higher than you anticipated, you'll still be on the hook. You could write, "buyer agrees to pay off all liens up to $X,XXX" so you protect yourself. I would have an attorney write it up though so you're as close to being safe as possible. 

When I say you can offer anything as long as it's legal, I am not talking about liens. I mean you can't offer to do something or have the seller do something illegal. Paying off liens of the seller is not illegal. 

@Ed Russino I would HIGHLY recommend you take these questions to an attorney that practices law in whatever state you're considering lending in. 

The only question I will answer without giving any legal advice is how much you can lend on a deal. You can lend however much you want, it doesn't have to be a portion of the purchase price. Some private lenders will lend the purchase price and the rehab costs if the deal makes sense and the borrower has a good track record. 

@Itzel Salazar Yes, you can offer anything that you want (as long as it's legal). You'll just have to work that expense into your numbers to make sure it's still a good purchase for you. 

@Robert Chad Yoder 10+ years of experience with a mix of wholesaling and flipping. With DM, consistency is key and having a good system in place to keep track of your leads, Podio is a great/free option. I personally prefer a professional letter over a yellow letter or postcard, this has always worked best for me. Having a credible website that you can drive traffic to is very effective. I give my potential sellers the option to call or text and also tell them to learn more about us on our website. 

For SEO, I'd suggest @jerryll noorden, he's an ugly SOB but he knows his stuff. 

@Adam Fullmer Why are you choosing postcards? 

To answer your question, nobody can answer that... Here's why, person A might have to send X,XXX mailers to get a deal. They are great on the phone, have an efficient follow-up system in place, and are well known in the community as a credible investor. Person B might have to send XX,XXX mailers to get a deal because they're very nervous on the phone, don't follow-up on any leads and have a reputation in the community as a bad person. 

We haven't even touched the importance of the mail piece yet. 

Here's one thing I can answer, you won't know how many pieces it will take until you start. Everyone gets analysis paralysis on their first mailer and WAY overthink it. Get with a reputable mail provider and have them help you get started. Also, be consistent, don't give up after one or two mailings. 

@Ryan Copeland It's in my signature, asapletters.com 

@Juan Zavala @Ryan Copeland We have one on our website, feel free to steal it :) 

I am biased, but direct mail has always worked for my investing business and has proven to be the most consistent source of deals. That being said, there's plenty of other good ways to find off-market properties like SEO, PPC, D4D, networking, door knocking, cold calling, texting, etc. My advice is to choose one, get really good at it, and then add another funnel. If you try to do everything at once you'll likely get burned out or be mediocre at each. 

There are many good options for finding off-market properties. The most important thing is to be consistent, this is where most people fail. Good luck!