All Forum Posts by: Dave Rav

I'm also looking to drum up some business through marketing methods.  I've put out about 20 bandit signs in the last 2 months which yielded only 3-5 calls.  Only 2 generated appointments.  Zero deals.  Now I know 20 isn't a huge number of signs, but I would still have expected a greater response rate.  Plus my signs were hand-written.  Needless to say, I am no longer a fan of bandits!  

Started doing direct mail postcards.  Do you guys have any ideas for mail specifics?

Hello BP group!  I have been reading material on this site for a few years now.  I have been investing in RE since 2008 and like most of you am looking network and expand my business.  Maybe even learn a thing or two!

This is awesome!  My very first property was a duplex (just like you!) in PA.  I still own it, though my situation has changed and my CF is less now (story for another day).  Anyways, some points here:

1) always always ask for concessions from seller (all they can say is "no" so you have nothing to lose).  Ask for price break, seller assist, or fix any major repairs needed.  Even get them to replace dated systems (HW heater, AC, etc) whose deferred maintenance will likely cost you in the next 3-5 years or so.  

2) Another creative (but depending on how you do it) possibly more work intensive idea to improve cash-flow --> rent out the other unit by THE ROOM.  Seek young professionals, or college grad students and rent out that 3 BR for $400-500 per room.  That brings you as much as $500 more per month.  

3) AirBNB the other unit - many possibilities here!