All Forum Posts by: Michael McDaniels

Thank you Wheatie for the reply. I will try to contact a local RE Attorney and see if it is viable.

I am looking to network and work with some of my neighbors. Please PM me if you are interested.

Yes we should all clean the lint screen in the drier however you still need to buy a cheap chimney brush and clean out the flu at least once a year. Lint will make it by the 1st screen and build up from very small particles that were not caught. Also make sure you have a louvered cap on the outside to prevent birds or rodents from nesting. YES THEY WILL! While your at it you should check your furnace flu and screen the top of that off as well. I know from experience. :chicken:

Thanks for a cool link. I would agree that it's not a great idea to copy verbatim but it can inspire new ideas that someone can make their own. :idea: :rock:

My family and I have bought and sold without a website and an auto responder. I wonder if most investors take the time to build a true marketing plan with financial plans and time frames. We need these plans to keep us focused and grounded. Step 1 is to remember that this is a people business first and a numbers business second. If you can't talk to people than you don't need to worry about a fancy marketing plan. Stop and ask yourself if you need a website to talk to the guy down the street. How much will you spend to get them to see you. Cold calls are too common and the name says it all, COLD! They are ok to get numbers on a FSBO before looking at a property but you still have to get in your vehicle and go talk to them. We all need to develop our own communication style and perhaps a course on public speaking would help. Stick to the basics and control your marketing dollars through research and results.

My understanding of that law would allow me to disregard it completely. UNLESS you are buying your leads from a list. Then it may get you. If you are getting your data from public records such as court docs and you haven't pulled them from a commercial list than you will have a viable defense. I still laugh every time someone makes a reference to gas prices and or time. There are inherent demands both in any business. We SHOULD all have a marketing plan that includes the financial impacts. There is more to knowing your area than what the last house sold for. Walk the neighborhood and meet the owners. They are the best resources you could ever ask for because they are vested in their neighborhood and need to protect their property values so they are motivated to help you in every stage of our investments. If you can go as far as to build a strong brand for yourself then you will be too bust taking calls, not making calls. A pocket full of business cards and a tank of gas will always be a learning and rewarding day of marketing. Besides which one of us doesn't need some good exercise. Cold calls may save time but then there is the downside. Friends are made face-to-face, what did the list cost, People work- are you calling when they aren't home, do they screen their calls (99% of people answer their front door without knowing who is there). I guess to sum this up I could argue that cold calling might be a short term strategy but dollar for dollar, door knocking is the best use of your marketing budget.

I don't believe you need a script to say hello. You are introducing yourself and you don't need to get fancy. You simply state your name. Tell them you are looking to buy homes in the area. Sell them on yourself!! You love the neighborhood because ______. I am a long term investor who is looking to improve your neighborhood through home improvements and quality tenants If you have a vacancy, the neighbors are also quite motivated to find you good tenant prospects. Just be genuine and truthful. If your knock prospect has the NOD don't lead on to your knowledge of that. Let them know you are prospecting the entire neighborhood and ask them for the referral. If you can soft sell them they will be more comfortable with you and you will be much more likely to work out the deal. Make sure to have your door hangers ready for the "not homes " Bottom line is there is no reason to use a script for something we should be doing TO EVERYONE WE MEET.

Josh, I enjoy your lightheartedness and that is what has helped BP remain outstanding. I believe that the video portrays what everyone of us should be . A fun loving person who can laugh at himself and relax. I can't speak for everyone however I invest so I have the freedom to relax and enjoy my life. If the formula isn't RE=$=FUN than the numbers don't work for the deal. Keep it up!!! :woohoo:

I know of a property that the owner has died. Their is no next of kin. The home had a small fire in the living room and so the house needs work. The town has placed deficiencies notices on the property and I am told that the house is in probate with the state. I was talking to someone and they mentioned taking adverse possession. They said to pay the back taxes on the property do the repairs and if no one comes to claim the property within 10 yrs. you would somehow gain vested rights somewhat like squatters rights from long ago. I know this all sounds nuts but I know how old laws never get removed from the books and can defend some crazy action like this. Can anyone speak to this.

It is another $10 each time you unlock it. If I am going to need my report for some reason such as a vehicle purchase I pull my own tri-merge report and don't let dealers or banks. I give them the report so they can prequalify me and not add additional inquiries to dive down my FICO score. They will get uptight at first because this is not the NORM. Just let them know you are an educated and informed consumer who is serious about your financial security . You will drive out with a much better deal. The money you save will more than cover the additional 10 or 20 dollars to protect your ID and FICO score.