All Forum Posts by: Hank Oyler

Sweet keep us posted. 

yes you got it. There is no magic formula so follow your gut. The key is taking action and actually getting some mailers going.  The people on list are not usually at Auction. In my State they are people who have paid taxes late or tax cerficates have been sold. Oncarrot is great. I don't get a lot of leads from online. I hope to improve there down the road.  For me mailers are where it's at. Hope that helps. 

You can buy list from listsource.com or you can use services such as rebo gateway.  I use both. People are looking for various list depending on your area. I.e. Tax Default, pre foreclosure, equity, empty nesters, out of state owners etc.. You can also mail an entire community or a select street. 

In regards to templates there are some in the file section here on bigger pockets. You can also send your list to companies like yellowlettershop.com and they will mail for you. Good luck. 

 Hey Anissa. These are cash deals. 

I'm using yellowlettershop.com as they are close to me. Haven't been able to make the saving worth doing myself. I'm in Winter Park not far from you. 

So here my take. Tax Default list can be garage so be careful. I'll get a tax default list and then sort in excel to show defaults for last 2-3 years only. Then I mail those addresses. That way you don't get tax defaults from previous owner. I have got many deals this way. All of my tax deals were closed the same way. I made offer to buy house:

I.e.

Contract                      100,000.00

Deposit.                           1,000.00

Pay back taxes NTE       3,000.00

Total due at closing     $ 96,000

I list tax amount as not to exceed. Reason for this is if title search comes back with other issues such as code violations or Seller owes money to clerk of court for other things then closing can take 60-90 days to clear all that up. Taxes will go up each month. So you need to protect yourself. Anything more then my NTE amount comes out of sellers funds at closing.  We pay the back taxes at time of closing. Usually via laptop at closing table. Or sometimes is really behind the day before via money order / cashier check  at courthouse downtown.    You can call tax collector and give them address and they will talk to you np. They will give you specifics. 

Hope this helps. 

Corey, one thing that worked for me was finding my buyers first.  I ran some ads on Craigslist and attracted investors. I called each and every one and spoke to them about there buying criteria and areas of interest. Once I had a few buyers I mailed the areas they wanted to buy. I have spent money on ppc, fb ads and mailers.  Never done bandit signs. For me mailers work best. Another strategy we have used in lieu of mailing pre foreclosure, or tax default or high equity list is to mail EVERY home in a certain subdivision or town home or condo. This has worked well for me also. You will get lots of retail sellers but if you mail a certain community and research prior you will have good idea what you can pay. Helps to stay focused.  Good luck. 

I have spent the last six months getting my podio where it needs to be. I'm using slybroadcast.com and callrail.com to integrate my incoming calls, outgoing call followup, vm, SMS, and email.  Podio was over whelming at first but really got it rolling now. So here is my question, what are you all using for mailers? I know some videos showed lob but seemed expensive. I'm currently using yellowlettershop.com and usa call rail number so when I get response the Podio lead starts. Is there a better way to do this?  In addition I also have rebo gateway, Is there anyway to integrate these so I don't send duplicate letters? 

 I am working a five plex currently. An owner finance deal. The current owner told me he does the same thing. I'm intrigued. This may be my best option. 

$5000 down, $600 per month until p&i paid in full. 3/2 in eustis backs up to canal. Should rent for $1000+ 

Needs bathroom and paneling redone.  

Email me if interested.