All Forum Posts by: Brett Kash

@Chai Xiong

Congrats on the deal! What area of town is it in? Numbers?

@Karen Lee

I can’t believe that. My duplex is assessed at $210k and property taxes are $4700/yr. I would be shocked if that was higher than California.

@Victor Martinez Lazaro

Definitely look at househacking a 2 or 4 Plex for your first deal. You can utilize low down payment loan options like FHA (3.5% down) and get your feet wet in real estate investing. This is exactly what I did and it was the best education I've gotten so far!

@Doolan Wesley

That’s great good work. I have a similar property in Riverwest right now. Good luck with this one!!

@Doolan Wesley

Congrats on the purchase! You think you’ll be able to cash flow that property at that purchase price I take it? Duplex’s seem to be getting tougher to make sense financially as a pure investment property IMO unless you’re putting a large down payment into it.

I bought my first flip through a wholesaler and am hoping to create more leads through direct mail marketing going forward. I have had little success with my first mail campaign so I am adjusting my "formula" for the next one to try to get more quality leads on the next one.

I just did this 6 months ago and we just deposited into the LLCs bank account and it was our "Initial Contribution". This can always be adjusted down the road.

Thanks for all the great feedback its super helpful! I'm going to look at employing some of the strategies listed here and hopefully get some leads!

Hey all! Wrapping up my first flip project this month and looking to kickoff a new direct mail campaign. I am hoping to get some tips from some of you with a lot more experience doing direct mail. Background, I am in month 5 of our first campaign with a little bit of success in the first two mailings (one may turn into a deal yet) but almost none after that. We used a pre-foreclosure list from foreclosure's daily and did printed letters in hand written envelopes (except one month we tried postcards and got ZERO response. Not even the usual angry calls). I am looking for some advice from the experienced (successful) direct mailers here on BP on:

1) What kind of mail you are sending (postcard, letters, etc.)

2) What criteria you are basing your mailing list on (pre-foreclosure, demographics, probate, etc.)

3) Where you are getting your mailing list.

4) Qty per mailing

Any advice on the above or any other tips on marketing for deals would be appreciated (anyone having success with online marketing??). I am working in Milwaukee, Wisconsin and marketing here as well.

Thanks!

-BK

@Mike Mannello

I would agree you will be in some less than desirable neighborhoods at that price point. If you do go down that road I suggest getting a great PM who already knows how to work in those areas. You’ll have to add significant dollars for property maintenance and turnover costs as well. Good luck!