All Forum Posts by: Jason Guinard

Thanks all, as I mentioned I tweaked it a little using some of the advice given previously and it is now in the mail as of Monday  I think I am going to give it until the end of the week and if I don't hear anything give the owner a phone call.

I also have a couple more that are vacant I am researching to do the same.

I'll keep you posted.

Hey David thank you.  Yes, I would love to chat.  I work nights so a lot of my communications come in very late.  Just an FYI.  

Today I am actually heading out soon. On my way into work I am meeting up with some folks I met at a local REIA meet up group. We are going to catch up and see who is doing what. Forming our own little support group.

I'll be in touch, thanks for reaching out.

I know a 20 year real estate assessor who is willing to join me in viewing new opportunities. They can of course provide FMV and ARV based on the neighborhood. I would in most cases also bring a GC for an estimate. What are pro's and con's to this strategy? Could they conflict with each other?

Thank you Rosy .  I can really use some help.  Only thing is, I'm in Bergen county NJ.  Not exactly around the corner.  But thank you.  I can use someone just like you as I am pretty new as well (about 6 Months, but 6 months of all in, reading a lot, watching tons of videos, meeting everyone I can, looking at properties, building relationships etc)  I have learned a lot and I am itching for a deal and that can be bad.  I would love to meet someone a little closer that is offering something similar.  I can use help right now by splitting up towns, spending a couple of days researching deals with agents and then getting together for a day or 2 as a team to crunch all of the data we came up with on those properties,   Then weed out the obvious no go's,  And start running comps on all of the properties we each lilked.  eliminating some that wont work

Buying Home to be researched :  #Beds, #Baths sqftg on living space, property acreage, or sqftg, DOM, asking price What other work does the house need,  Have a starting point ARV

Need at least 3 comps within a 1/2 mile that are the same style home,  have similar bed and bath counts how many DOM, the living size sqftg. and then of course the sold price.

Need at least 3 solid nearby comps for each property we think is an opportunity

If anyone else see's this and you are in my area please reach out

Thank you  both.  I took some of what both of your suggested and made some tweaks which also helped me to shorten in up a bit more as well.  My plan is to create a very generic version of this to keep copies of in my car to simply leave in the mailboxes of vacant properties I see.  Then when I get home research the owner and follow up with a personalized version.

Thank you again for your advice.  Have a great holiday weekend.

Hello all, I would appreciate input on what to say, not to say, or ok as is.  Here is what I have.  

"Hello, my name is Jason Guinard. In driving on Hackensack Ave in Hackensack, I noticed that the property at #7 was distressed and unoccupied. Through some light research I found that you are the homeowner of this address.

I am reaching out to you to see if you are interested in selling this property. If you are, I am interested and ask that you please contact me to set up an appointment for me to view the home at your convenience.

If the home meets my needs and we are able to come to an agreement, I am in a position to put it under contract, move quickly on inspections, and be able to close in just a few weeks. I hope this letter finds you well and I look forward to speaking with you."

Thank you in advance for your help. 

New to REI, I have a seller that is willing to seller finance a sfh deal in a co op for $140k. Needs about 2-3k in touch up's I have the credit for other options, and about 70k equity in my primary. In the market it is in I can rent it and net about $200/month.

Two questions, what would my best purchasing option, and are there any pitfalls to buying in a co op?

Hey Lou, welcome. I'm only in a couple months myself. I have read 3 or 4 great books (from bigger pockets) I watch a lot of video's on you tube, and talk to as many people as I can . I recently joined a couple REI groups, just went on a bus trip with about 20 others where we walked 3 properties and our coach walked us through estimating rehab work, do's and don'ts etc. This is a great sight, you can ask anything and get good advice from pro's.

Good luck, talk soon.

Thank you for your input.  Very helpful!  Specifically on the pool.  I saw it as a selling perk which blinded me to some of the the risks.  I did a drive by and browse this weekend and did not see anything concerning.  5 other homes on cul-de-sac all well maintained w/ average MV of 338k.  I am trying to contact the homeowner to see where they are at in the process and what it may take to help them avoid foreclosure.  Committed to only going through the motions as a learning experience unless something incredible happens.  Thanks again.  I'll post an update to let you know what happens.

When searching  things such as lenders or public record info brings me to sights that offer info at a relatively low cost (if its good legit info)  Should I subscribe?  Or is that info out there somewhere free?