All Forum Posts by: Dennis Rodriguez

I'll definitely be there, probably with a friend or my business partner. 

@Chris Nowlin we own properties in Friendswood and Dickinson so I'm in the area at least every other week. I'll PM you for details. Will love to meet with y'all. 

Thanks, 

@Chris Nowlin congrats on your first calls! It is always exciting and a little bit nerve-raking when those calls start coming in. Our experience is that 70-80% of the calls will come in the day the mail hits and two to three days after that. Then it slows down until a next mail is delivered. We try to divide the whole mailing taking this into consideration so our acquisitions guy doesn't get overwhelmed one week and then slow the next. As you mail more and more you will start to see patterns and can time your mailing to better serve you.

Also, wanted to point  out that last Sunday we got a call from a letter we sent over 2 years ago, so calls can come anytime from mailing you don't even remember sending out. 

Good luck man. 

@Josh Stack

I would just mail them a very professional looking letter letting them know you are interested in purchasing their portfolio. Make your point about who you are, why you are interested in their properties and how you can help them offload their portfolio to someone (you) that will take good care of the properties. Mail them every month and keep it constant so they realize you are dead serious about your offer to purchase their portfolio. 

Hope this helps. 

We have had many, many good stories with Yellow Letters and have placed many houses under contract directly from our mailing campaigns. One story that I loved was a lady that called me at my cell phone directly (not though our CallRail numbers) and we set up an appointment. When I got to the appointment I asked her to show me the Yellow Letter she received on the mail and it was one of the first letters I used to send with my personal phone number more than 3 years back when I wasn't very smart with my mailings. Now we use CallRail numbers to track everything but she had that letter saved for a "rainy day" and it worked. 

Dennis,

This is an amazing 2-story house sitting on 5-acres wooded lot and located in Angleton TX. House flooded during hurricane Harvey and is ready for sheetrock and paint and new cabinets. Very close to the schools in the area, commercial stores and it has fast access to Hwy-35 and 288 Freeway to Houston, Lake Jackson, Freeport, Sweeny, West Columbia and Bay City. Houston Medical Center is about 45-minutes from Angleton, TX. House need about $100k worth of rehabb and comps in the area are between $380k-$400k depending on the options (granite countertops, hardwood floors, etc). 

We have three houses listed for sale in Dickinson and Sweeny Texas. About an hour drive from Houston, TX. The addresses are 2717 Greenbriar St. Dickinson, TX; 4811 29th St. Dickinson, TX and 9800 County Road 324, Sweeny, TX. All of these have undergone flood remediation work and are ready for new insulation, sheetrock and paint. You can find the details of all three houses by searching the popular home listing websites. If you need more info contact me via biggerpockets or my email which is listed in my profile. 

Thanks, 

Dennis Rodriguez

@Yuriy Skripnichenko the situation on the island is very hard at this moment. Power won't be reestablished 100% for at least a year. The governor is saying that by December 15th they will have 95% of the power generation but 1) They play with those figures (power generation is not the same as clients being serviced) and 2) They are saying that because if they tell the truth, they will have crowds at the airports trying to leave. Saying power will be back to 95% in December gives the people a false sense of hope to get their lives back to normal (which won't really happen by December). 

Unless you are bringing food, supplies and much needed help, there's no point going there at this moment. The places that are running with power generators are starting to close because they have been running those generators practically non-stop for 30+ days and they aren't designed to take that beating. My mom lives in Guaynabo and she told me yesterday that a few restaurants around my hometown have closed because the generators failed and they can't get mechanics or parts to fix them. My brother sent my parents 4 solar panels October 1st and the US Postal office still don't know where they at. I sent my uncle a generator October 16th via UPS and it still hasn't been delivered.

My point is.. things will take a long time to get back to "normal". The island will not be the same once recovered. The economy will suffer greatly with the amount of people leaving the island (estimates are at 1,000 leaving every day). There will be great Real Estate investments to buy cheap but investors need to be patient. At least wait for power and communications to be reestablished. 

Good luck with your investments. 

Dennis

I've heard on the news the best way to help is through a monetary donation to the American Red Cross if you are out-of-state or live far. Local people can donate clothing, canned food and/or volunteer if you can safely get to a shelter. 

Many properties did not have flood insurance because like previously said, they are way outside of the 100 and 500-year floodplain. This has been a never imagined rain event. 

So far we know one of our rental properties flooded and we have 3-4 more that will most likely flood this afternoon when they open additional dams to let water levels go down in the reservoirs. We are concentrating on the well being of our tenants not the properties. It's easy to fix a flooded house but life can't be replaced.