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All Forum Posts by: Michael Scott

Michael Scott has started 11 posts and replied 44 times.

Post: Great opportunity in 85254-Large lot

Michael ScottPosted
  • Wholesaler
  • Phoenix, AZ
  • Posts 49
  • Votes 4

Clean property...Just needs some basic updating

17432 N 60th Pl

Scottsdale, AZ 85254

APN: 215-10-632

Living Area: 4272 sqft

Lot Size: 18,226

Built: 1995

Parking: 3 car garage

Bedroom: 5

Bath: 3.5

Home has a basement. 2 out of 3 a/c are new.

Purchase Price: $556,000

COE: 4-30-2015

[email protected]

Post: Great opportunity in 85254/ Large lot

Michael ScottPosted
  • Wholesaler
  • Phoenix, AZ
  • Posts 49
  • Votes 4

Clean property...Just needs some basic updating

17432 N 60th Pl Scottsdale, AZ 85254

APN: 215-10-632

Living Area: 4272

Lot Size: 18,226

Built: 1995

Parking: 3 car garage

Bedroom: 5

Bath: 3.5

Home has a basement. 2 out of 3 a/c are new.

Purchase Price: $556,000

COE: 4-30-2015

[email protected]

Post: Great opportunity in 85254/ Large lot

Michael ScottPosted
  • Wholesaler
  • Phoenix, AZ
  • Posts 49
  • Votes 4

Clean property...Just needs some basic updating

17432 N 60th Pl Scottsdale, AZ 85254

APN: 215-10-632

Living Area: 4272

Lot Size: 18,226

Built: 1995

Parking: 3 car garage

Bedroom: 5

Bath: 3.5

Home has a basement. 2 out of 3 a/c are new.

Purchase Price: $556,000

COE: 4-30-2015

[email protected]

Post: Probate Follow ups

Michael ScottPosted
  • Wholesaler
  • Phoenix, AZ
  • Posts 49
  • Votes 4

I do probate as well and I send at least 4 letters to each lead. All of the letters are a little bit different with a different approach: 2 letters are from me(that go directly to me and I use a buddy of mines name on the other 2(using a google number so I can track).  I do it this way because if they call us both then we have the ability to play good cop bad cop.  1 letter comes from me the week I get the list and 1 with my buddies name on it 7-10 days later. I space them all out about 7-10 days.  Every once in awhile I'll do a bulk mailing to the previous months leads.  I strongly recommend putting a picture of you and your family/dog..Even something from a fishing or hunting trip if you live in an area where most people do that.  Most of these people just lost a family member or someone they thought of like family so the picture of you, your family or doing whatever could show that you something in common.  I've been doing direct mail since 2005 and people love to know who they are talking to.  My best success has been a picture of me, my dog and an ex girlfriend.  People love my dog!  I stopped keeping statistics on which letter people respond to because I've gotten calls from letters that I mailed 8 months to a year ago.  In direct mail, if you are consistent then you will get results. Every Monday I get my new list from the court house, scrub it and mail it.  When a mother or father passes and they have 3+ kids, things can get ugly, the heirs will get greedy and it could drag out for awhile. So, there is nothing wrong with doing a bulk mail a few months after you get your list.

As far as the ones you don't hear back from...A lot of those could be the surviving husband or wife...Some may keep it as a rental because they grew up in the house.  Who knows? Don't worry about them and just stay consistent...

Also, read the seller when they call. If they are emotional then talking about the deceased when you go to the home is, in my opinion, a bad idea. Don't be the one to bring it up.....Obviously, there are times when it could be a good idea to share that emotional bond but let them be the one to talk about it.  I've found that not talking about it after the initial phone call works the best for me.

Lastly, I'm not sure how everyone gets there data for their probate leads, but getting them from the courthouse is going to be the most current/fresh list there is.  I know a lot of companies that sell probate data but it's usually a few weeks or more old.

I'm an open book so anyone, please feel free to email me(on my profile) if you want to share some ideas. I only jump on this site here and there.  It's a great site for info but I always found myself getting intrigued by what other people were doing when I already have a system that works great for me.  Best wishes everyone

Post: We are looking for Mobile Home Parks...

Michael ScottPosted
  • Wholesaler
  • Phoenix, AZ
  • Posts 49
  • Votes 4

Yusuf, Thanks and I could always get you compensated for the referral...

Post: We are looking for Mobile Home Parks...

Michael ScottPosted
  • Wholesaler
  • Phoenix, AZ
  • Posts 49
  • Votes 4

Yes, typically just close cash unless there is an attractive seller finance option...If it's on MobileHomeParkStore or anything like that then we've most likely seen it

Post: We are looking for Mobile Home Parks...

Michael ScottPosted
  • Wholesaler
  • Phoenix, AZ
  • Posts 49
  • Votes 4

Got cut off...25 spaces minimum if in a good area but prefer 50 spaces+

Post: We are looking for Mobile Home Parks...

Michael ScottPosted
  • Wholesaler
  • Phoenix, AZ
  • Posts 49
  • Votes 4

We live in Arizona but do own parks out of state.  Generally like to be 25 spaces minimum.

Post: State Tax Lien

Michael ScottPosted
  • Wholesaler
  • Phoenix, AZ
  • Posts 49
  • Votes 4

I've only had to deal with these when a homeowner had an equitable position...Are these negotiable? Any suggestions are appreciated

Post: Envelopes

Michael ScottPosted
  • Wholesaler
  • Phoenix, AZ
  • Posts 49
  • Votes 4

Seriously? Too many envelopes? It takes forever to print? You can make a lot of money by JUST doing direct mail and being good at what you do.

I used to treat it like a job when I was 23 and began my first mail campaign. I finally realized that not only could I go knock on these peoples door but I could mail them a letter. Mailing a letter or making a cold call didn’t even dawn on me for the first year. All I did was knock doors, go out and sleep. In the morning/evening I’d go get my envelopes, pre-hand-address the return address when I was watching TV, and stuff and stamp when they were ready. (Do not pre-stamp—Yes, I did but it only happened once) I did this everyday for probably 8-12months and then could barely find the time to get them done and caught myself working 16+ hour days. Pay someone if you can and if you can’t then suck it up. If this business were easy then everyone would “actually†do it instead of just talking about or reading about it. The harder I worked the luckier I got and that still holds true today.

Pay someone to hand address the envelopes...If they are doing return address as well, then they should be able to do around 37-45/hour (I start by paying per/hour and tell them upfront if they slack then they can get .20-.30cents per envelope depending on their penmanship)...All of my business is off of direct mail and referrals that I've gotten from direct mail clients(everyone knows someone)...Your local high school/college students are always looking for brainless stuff like this to do...You want your piece to get shuffled to the top because your target is wondering "who's handwriting is that?"...Think about what you do when you get your mail...If it looks like every other piece with printed envelopes then you can guess the results. DON’T USE THE WINDOWS!—Like you said, it looks like a bill---Definitely doesn’t look fun.

I've always hired women to do my envelopes-if they have big bubbly girly handwriting then even better- I use #10 white (maybe a orange/black during Halloween etc..) and have them written with a "Ultra Fine Point" Pink Sharpie. Men love getting a handwritten envelope with pink writing. Why? Because there is a possibility that it might actually be from a girl. Women love it too because it could be from a friend (Hopefully she will rule out it being from a guy from the handwriting.) DO NOT use the “everyday†Flag stamp that comes in a roll. The FUN looking ones cost the same amount. Right now I have a bunch of The Simpsons, Hawaii Ocean View, and some with Old TV Shows on them. ANYTHING TO MAKE IT LOOK PERSONAL. I got a few other touches but that’s my own special sauce . Bottom line, I know that if my target touches this piece of mail then it IS getting opened. Now that you’ve put all this time to make sure it gets opened you better have something CLEVER to grab their attention, because once they realize that they just got a letter about being in foreclosure or whatever you are offering then their demeanor will surely change….I figure you have 3-5 seconds to grab their attention. If you apply all of this and get no calls then change your letter, and change it again, and keep changing until they call. I’ve been mailing to people that get Notices of Trustee Sale for 5 years. I went through the BOOM and am breezing through “the worst real estate market of all timeâ€â€”Making more $ in the “down†market---The secret is Consistency. Treat it like a job and make sure it gets done everyday. Wow, I did not intend for this to go where it went. Best Wishes