All Forum Posts by: Cameron Ellis

@Curt Davis no offense curt, why should I bring them to you when I have no problem moving them myself. And the biggest part of the picture you may not see is, homeowners or asett companies don't care who they sell the properties to they just want their problem solved as quickly as possible

@Rolanda Eldridge that's what it's all about!!

@Lauren Frost postcards are something someone will hold on to for a long time rather than a letter. Especially if hey need it, and they can always had it to someone hey may know needs it rather than a letter.

@Lynn Campbell it saves a lot of time, although I still do yellow letters.

@Account Closed I have maybe 2 paragraphs back their on this one. To make it short, a little about what I do, and what I can offer them (free/quick closing).. No realtors needed, Ect.. Ect.. I probably looked at the back twice then they were all gone

@Curt Davis actually not, Cordova, Bartlett, and appling area are the areas I've been getting most of my deals for typically in the 44-64k range selling them off for 70-82k to local investors and 90-93% of the market value to the private equity companies. Honestly anything in those areas under 66k are a heck of a deal!

Yup, $5,000 in 2 days with only $36 invested I did it making 250 postcards on vistaprint. Best thing about this, I didn't have to mail them. I went down 8 streets and dropped these postcards in every mailbox on a Friday night at 7pm.

The next day I received a phone call from a elderly gentleman, saying he was looking to sell a home he owned free and clear on a street where one of my investors purchased 2 properties the month before. As soon as I got that phone call I set up a walk through the next day and locked that property up for 13k, knowing that same investors purchased his for 30k in the same condition. Attached is the front copy of my postcard I used, I'm planning to put out 1k this month. And I only paid $52 for those, I also made my new cards a little more eye catching. With more descriptive information on the back.

@Michael Seeker I defiantly understand what your saying here, especially if you look at as if you were in the lenders position.

Another question I had was will HML allow you to buy homes at the courthouse auctions?

@Jon Holdman thanks Jon, I currently flip properties to a couple private equity companies investing in Memphis. I feel by me having these relationships and knowing what they want it creates the perfect time for me to build a small portfolio of rental properties. My plan is to buy 3 homes using a HML sell 1 or 2 off to pay off my loan w/ the lender and own 1-2 free and clear. Refi was my plan B, I spoke with a guy in Phoenix doing something similar and he said if all fails ask my lender to roll over the loan in another term. I pretty much wanted to see of that was capable.

Today's topic, "How to attract Hard money lenders? "

Please chime in and give your input on how you were able to attract your hard money lender

• What are lenders looking for?
• Can they fund purchases at the courthouse auction?
• What do you know now, that you wished you knew when you first started.
• Is it safe to say this is a good way to build your rental portfolio in a hot market
• What are the typically terms

Please input any extra information that may be useful

@Jon Holdman wow, so say for instance we couldn't sell it in before the term ended, would the lender allow me to roll it over into another term if the interest was paid in full. I see a lot of investors doing this in my market with higher end homes.

@Michael Seeker Thanks, mike. My idea is to buy 2-3, sell 1 to pay the other 2 off. I no intentions to keep it for 6-12 months but I hear it is something preferred over 3-5 months.

For instance I picked up a property for 53k, with a APV of 109k, and wholesaler it for 70k. This would have been a great hold because the rent in the area is 1050 easily. Or something that I could have sold to pay of another property if I sold it for 100k