All Forum Posts by: Jared Vidales

This is a brand new group, and still very small so I doubt anyone here on BP is familiar. I signed up about 4-weeks ago, but haven't had a chance to attend any of the meetings yet due to travel. Im actually attending the first "Hunter 101" class this evening, and I was part of the commercial shoot promoting this group thats due to air on HGTV. Cool stuff.

I think this is a great group to be in if you're brand new to REI. They train you on everything from finding deals, wholesaling, fix/flips, fix/holds, all the way to commercial & syndicate deals. The groups really small, so you get lots of attention. In addition, the teachers are all successful active investors who have been in our market for many years, so they know what works for Maricopa County. They tag along to meet with home owners, they let you use there money, and depending on how self sufficient you are will determine the JV percentage of the deal.

It was only 2k, and I see the value in having a support group, a being able to pick up the phone and call any of these successful investors who know our market. PM me if you have any questions.

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You can try Vallejo, or even as far as Davis (UC Davis) or Sacramento? Entry into market is less expensive.

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Forgive me if this has been asked before, I used the search button and couldn't find an answer.

Arizona MLS has a free tax record search feature, that allows you build a mailing list according to the criteria you specify. I wanted to know if this would be similar to a 3rd part site such as List Source? Or is List Source more robust?

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Originally posted by @Sean OToole:

@Justin Howe said "We plan on mailing out 500 letters per month to start. Targeting absentee owners with 30%+ equity and at least 5 years of ownership. Any suggestions to our plan/criteria and tips are greatly appreciated."

Mailings like this work, sometimes. Let me suggest a little different approach that I've seen do better. First target that same list, but add one more criteria - out of area owners. Also, instead of "at least 5 years of ownership", target folks who bought in 2009 and 2010 - they've seen great appreciation, and are also likely feeling the downside of being a landlord and may be willing to "cash in" - always best when deals are win-win for them and you, and that particular group has the upside for that equation to work (unlike folks who bought in 2006).

Next, instead of mailing letters, drive by the properties, and take pictures. Ideally you find ones where the tenants are clearly not taking care of the place. Reach out to the owner, ideally over social media - InMail's on LinkedIn work great. Let them know you are a local investor / landlord and you just wanted to let them know their tenant isn't taking good care of their property. Let them know you are local, and ask if they need help. The key here is that you are GIVING in your initial contact. You have to give to get, and this is where most investors go wrong, they focus on what's in it for them, rather than on what the seller wants or needs.

Where you direct mailing to Truckee? I used to snowboard at Sierra every weekend back when I was in high school, I would love a winter cabin.

What areas in CA are you targeting?

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On "subject-to", do you redirect the bank to deduct mortgage from your account, or can you drop money in her bank account and have her continue mortgage payments?

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I would focus on multi-families so you can find ways to add value...increasing your NOI, and therefore realizing instantaneously equity gain.

Buy at the right price so you can cash flow. Never gamble on appreciation. With multi's, you can control NOI, and control your property value.

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This morning I was thinking how I can increase my closing percentage....

What's everyone's opinion on bringing, say, 5k cash to meet with a home owner in attempts to further motivate them to get the property under contract right there?

Just simply ask them the question, "Would $5,000 in cash today, be of benefit to you while we wait to close on your house?"

Is this legal? Moral?

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Pics of grand daughter?

...kidding. Excellent campaign!

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Originally posted by @Michael Huey:

Originally posted by @Dana Bible:

Go into the office and tell them you need to look at the probate index. You don't have to tell them why, just say you are doing some personal research. They will either have it in an index book or on computer. You would then look up all the probate filings for say the past 2 months. There should be a name, case number, date filed, and maybe the name of the executor depending on how they keep their records.

You then take those file numbers and either pull the files yourself (or hopefully its on computer and you can view the docs there) or hand the list to a clerk to pull. What you are looking for is an order to admit will to probate and that should have the name and address of the executor on it. You might also just peruse the will to see if it mentions any heirs and look at any other orders that may give you some information.

Once you have your names you can look at the tax assessor's website and look up what property they owned. So now you have a list of the deceased, the person responsible for the estate and hopefully a bunch of houses they owned!

Good luck!

Thank you so much Mr.David, that was very detailed and well explained. I'll go to the court house tomorrow and give it a shot. God bless.

How did everything go at the courthouse? Im interested in gathering Probate leads as well

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Im interested in hearing about your results as well! Please report back!

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All Forum Posts by: Jared Vidales

Jared Vidales has started 179 posts and replied 487 times.

Post: MATRIX INVESTMENT GROUP, SCOTTSDALE, AZ

Post: Newbie from SoCal moving to Bay Area

Post: Building List: Tax records vs. List Source

Post: Direct Mail Marketing Questions

Post: $3000 Down For Fully Occupied Kansas City Triplex - Subject To - Existing Loan Stays in Place

Post: Vallejo or Sacramento?

Post: Bringing cash to meetings to further motivate owners?

Post: Overview of my first week of wholesaling

Post: Lead Generation (probate).

Post: Pima County (Tucson AZ) Tax Lien Sale 26 Feb. Anyone Here Going?