All Forum Posts by: Stephen Weber

Thanks Dev, we were trying to let the wound of humiliation heal. But the Broncos performance was so exceptional, or lack thereof, we need the reminder so we don't forget next season.

Anson - your response is appreciated as I know you are sincere and successful doing deals. You've made me reconsider my activities. I've got to skin this cat! Thanks.

Thanks all for your considered replies.

And thank you Dev, for a bit of clarity and a kick in my pants!

"If you do buy it, try to convert the units to shared housing if you can as they come vacant....it will maximize your rental income and minimize costs & vacancy." @Andy Luck -what does converting to shared housing do/mean?

Thank you for your input Bill and Dev.

My list is from listsource and the target is homes built since 2000 and 3/2 plus other minor details with the focus not on equity, but on #s so I uncover owners ready to hit the panic button. My mentor suggests buying Sub2 so equity isn't required, motivation is, because that is where the opportunity will come. He claims I am seeking distressed seller more than distressed property.

I live in Denver and want to invest in my first property within a 30 minute drive. One problem I’m having is my ability to find motivated sellers in this metro area.

I’ve heard that every market has deals because all owners are human and humans have problems. All I have to do is uncover the folks with problems and I’ll find motivated sellers. Match the right solution with the right motivated seller and I’ll have my first rental property for long term cash flow (assuming I buy at the right price/terms, properly screen tenants, and maintenance concerns are well planned).

I mailed out 7348 pieces in 2013 and I got 50 calls, but zero deals.

I hired a mentor who suggested mailing to newer houses so maintenance is less of an issue. I mailed out 2091 postcards January 11, 2014 without a call. Some folks say that Denver is a rare market where direct mail doesn’t work. Others have said that postcards do not work and I should use Yellow Letters (I’ve used both). My mentor claims that direct mail works in all markets and we need to tweak the list or the message. Last week I sent out a second postcard to the 310 absentee owners from the list of 2091 with a new message. Instead of continuing along my path mailing more pieces I want to get some input.

I would like to ask this community: What can I do to uncover a few seriously motivated sellers?? I only need to do 2 deals in 2014 to buy and hold. I could go the traditional route and put down 20+%, but my mentor suggests otherwise.

I want to access a file or article referred to in podcast episode 38: Working with an Agent, but iTunes doesn't have the Show Notes for that episode. Any idea how to find such an article? (Going to Learn, then Articles just gets me over to Forums and not a specific article referenced in the podcast.)

@Jon Moore, I attended the BP meeting and it was just a networking event. I met some nice and like-minded folks, but you need to be assertive to go up and talk to strangers.

I've been to IRROC meetings and that is Brad's baby. He has different partners on different projects, mentoring, birddogging, etc., but Brad remains constant. The benefit of those monthly meetings is there is a topic that a speaker (or panel of speakers) covers. You can meet vendors in the biz there as well as network with newbie's and seasoned professionals.

Hello BP Community,

I am new to the site and excited about the community, learning, investing and I don't mind learning from others mistakes :-) Looking forward to doing my first deal with a lead wanting a Rent To Own. Can I do this in Denver/Aurora?