All Forum Posts by: Danny Leyva

On Propstream i remember when you would click on the "details" button on a property on the top right it would tell you how much it last sold for and the date that it sold. Now when i check it seems a lot less certain. now it says things like "estimated value" "est remaining balance" "est equity" ect ect ect. For example i have a house that should have sold for between 600-900k but on the "last and prior sale" section it says 400k. when you keep looking its ESTIMATING that they put 400k down and have a mortgage of 400k and estimated value is 800k

i want to know EXACTLY what a property ACTUALLY sold for. does propstream do this and if so how do i find it? thanks

We all know that you're supposed to hit a list several times but what is the best way to do it? should you do handwritten letter, postcard, postcard, handwritten letter? 

thanks 

What are the best companies to use for direct mail? Also, what companies or systems do you use for tracking? what is the best method for tracking? ive heard of using a different phone # for each mail campaign/list and also one where the caller id tells you where theyre calling from. 

thank you 

 thanks for your response! what company do you use for your mailings?

I've seen people on this Wholesaling forum replying to questions and many of them have a philosophy when it comes to wholesaling. The philosophy is that this is a numbers game and that you need as much data as possible and as big a list as possible because this will give you the highest chances of getting deals. You need to consistently market to a list of as many qualified property owners as you can get your hands on.  If thats the case and you need to scale as much as you can, does this make d4d obsolete? The reason i say that  is because it takes a long time just to get a few hundred distressed properties d4d if youre solo. Should d4d be thought of as a cheap way to get your first deal and get your foot in the door? should it be thought of as a method that should be done in combination with buying lists and mailing to them and cold calling? can it be looked at as a way that some wholesalers use as their ONLY method of lead generation and is that even viable? 

i know ive been posting a lot lately so please excuse me. im just a newbie with a lot of questions. Thanks BP!

thank you 

How big does my list of people i have to market to have to be in order for it to be highly favorable that i will have a deal out of that? 5k? 10k? 20k? what are the most prospects you have ran through before getting a deal? should i expect a deal out of every 2 thousand prospects? 5 thousand? 7 thousand? thanks! 

Hi everyone, I have a 2 part question here. First, what are the best (and worst) lists to buy/market to? I used propstream to buy 3k vacant single familes/townhomes with 30% equity and a few years ownership. These have to be some of the most oversaturated people on earth. Folks constantly telling me that they get 10 calls from guys just like me per week. Im having trouble seeing how they will say yes to me when theyve said no to 200 wholesalers before me. Then again, that must just be the nature of this business because any list that is bought and not custom built (such as d4d for example) must be equally saturated. Someone please let me know if im wrong on this. If its true that its just the nature of this business, is the only answer to scale up? to buy so much data that eventually you get a deal even if its a percent of a percent of a percent of all the people youre marketing to?

The second question i have for this post is, what is the most effective/efficient method to market once you have a list? Lets assume im a one man operation and i cant have 10+ employees cold calling for me in an office for 40 hours per week. If im going to use cold calling it would just be me. Is cold calling better than sending postcards or is it the other way around or is it necessary for me to use both methods for the same lists at the same time? Ive seen people on here say that if you want to get a deal on even a semi regular basis you basically have to spend 5-10k regularly on data and marketing which does make sense but it is a bit disheartening. For a newbie with limited resources, what are the bests lists and the best way to get a deal out of them?

thank you

thanks

Originally posted by @Michael Plante:

Originally posted by @Danny Leyva:

Can someone help me know what goes in each of these missing lines? I'm pretty sure on the second line you put the address of the property but what goes on the first line? Im not asking for legal advice this is just a curious hypothetical. Thanks BP

Seller agrees to sell to Buyer the property known as _________ (“Property”), which is legally described as: _____________

First line is the address

second is  the legal description you can find it on the county property records website 

 will look like something like this:

 You rock, dude! Thanks! 

Can someone help me know what goes in each of these missing lines? I'm pretty sure on the second line you put the address of the property but what goes on the first line? Im not asking for legal advice this is just a curious hypothetical. Thanks BP

Seller agrees to sell to Buyer the property known as _________ (“Property”), which is legally described as: _____________

I've been curious about how other wholesale investors go about it when they are cold calling motivated sellers. Lets say you have Podio pulled up on your computer and you cold call 10 different leads. 5 went to voicemail, 2 say no and 3 say maybe. Do i make a lead for all 10 leads or just the 3 that said maybe or the 3 that said maybe plus the 5 that went to VM for a follow up? How do the PROS do it? My non-experienced opinion and author Than Merril tell me that im better off making a lead for every time i call so that i can mark someone as a dead lead, follow up, ect.  Thanks BiggerPockets, what a great resource