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All Forum Posts by: Collin Goodwin

Collin Goodwin has started 5 posts and replied 128 times.

Post: What software do you keep track of your direct mail campaigns?

Collin GoodwinPosted
  • Specialist
  • Denver, CO
  • Posts 134
  • Votes 81

Alberto, check out podio paired with a call service such as vumber. You can assign a vumber number to a specific campaign, assign the campaing in podio, have calls forwarded directly to your podio, and keep track of all your data. There are a few youtube video's on this. Also, be sure to check out podcast 91 with @Ben Grise.

Post: property acquisition

Collin GoodwinPosted
  • Specialist
  • Denver, CO
  • Posts 134
  • Votes 81

Ricardo, check out listsource.com and narrow your search for 90-100% equity or other related criteria.

Post: Marketing in wholesaling

Collin GoodwinPosted
  • Specialist
  • Denver, CO
  • Posts 134
  • Votes 81

Chris, when looking for properties, I essentially use three methods:

1. Direct Mail

2. Drive for Dollars

3. Local newspaper/craigslist.

San Diego may be a whole different beast from where I live, but I find some of my best leads come from keeping a pulse on the local market by reading the paper.

Why direct mail/yellow letters? Sure, email is also a great method to reach out to potential sellers. How do you plan go get all their email addresses? If this is the method your interested, check out @Antonio Coleman's blog posts on creating a lead generating website. To answer your question: because mailing addresses are public records and easily accessible. Check out listsource.com, agentpro247.com or your county records to build a mailing list.

Yellow stands out, IMO I choose to use another color as a branding technique.

Post: Insurance in Florida

Collin GoodwinPosted
  • Specialist
  • Denver, CO
  • Posts 134
  • Votes 81

Mark, that seems pretty high to me.

I'm not 100% confident that an umbrella policy is relative to your location. I just moved from Florida and carried the same $1M policy I have now for less than $300/yr.

There could be other factors such as risk, liability, income, etc... I'd do some shopping around.

Post: Double Wide on Basement-Foundation Support Question

Collin GoodwinPosted
  • Specialist
  • Denver, CO
  • Posts 134
  • Votes 81

Mark, if your interested, put it under contract and I'd be glad to go take a look at it with you. I am a Civil Engineer out here at Ellsworth.

Post: Mobile Home Park Deal Analysis

Collin GoodwinPosted
  • Specialist
  • Denver, CO
  • Posts 134
  • Votes 81

Liz, the encroachment issue really caught my eye. Although I was not around for it, I heard of an issue here in SD where a park was located in a public right of way. Because much of the MHs were older, it was next to impossible to move most of them and definitely not worth the cost. The park fell apart and much of the occupants were displaced. Just wanted to bring this up!

Post: Is it better to list at a lower price? or to include a repair credit?

Collin GoodwinPosted
  • Specialist
  • Denver, CO
  • Posts 134
  • Votes 81

Belinda, long time no talk! I would much prefer the lower price. Either way, the problems are there and I would just feel better purchasing lower w/ repairs that higher w/ repairs.

Post: rent premium for luxury feel

Collin GoodwinPosted
  • Specialist
  • Denver, CO
  • Posts 134
  • Votes 81

Alex, think about it this way.. not only could updates bring a higher rent, but also reduce your vacancy rate by creating a highly desirable rental. Also, I'm a huge fan of bringing consistent quality products to market,building a brand and reputation around this, which ultimately pays of 5 fold. I think you have the right idea by pinpointing the kitchen and bath because these are emotional triggers that renters and homebuyers are willing to pay for. You want to be cognizant of keeping your buyer/rental pool as large as possible (not too specialized, such as irregular floor plans) and be sure to not cripple yourself by over-spending on your upgrades.

Post: Subject To

Collin GoodwinPosted
  • Specialist
  • Denver, CO
  • Posts 134
  • Votes 81

Paul, my first thought is that if it's scheduled to foreclose next week, there could be a serious back log of payments due to save it from foreclosure. Are you able or willing to keep this from happening? Taking it sub2 just means you will now morally responsible for making the payments, unless otherwise specified. I'd be interested to hear more specifics...

Post: Determining how much you make on wholesale deal?

Collin GoodwinPosted
  • Specialist
  • Denver, CO
  • Posts 134
  • Votes 81

Daniel, I like to have a basic template showing my wholesale fee's based on the amount of equity in the deal. This way, the better I do, the more I get paid. As a result, my buyers recognize the added benefit and can anticipate their fee's.