All Forum Posts by: Jason Robles

@Robert Lorenz Awesome will keep you updated.

Hello BP Family

Actually received my first response today and am excited. My offer was declined which was expected because the home is rent ready and will pass FHA inspection. Either way I'm stoked and would like to hand off lead to local realtor for some sort of kick back as he is looking to sell retail. So any Phoenix realtors that know 85043 area well contact me asap.

@Joshua Martin thanks for advice 

@Chris L. thanks for advice.

Hello BP family

Need your advice...

So 2 weeks ago I took the plunge and started my first direct mail campaign in Phoenix. I've networked with a few investors in town and pretty much explained to them I would be there bird dog as long as they walk me through my first few deals. I decided that being a wholesaler would be the lowest cost option of getting into realestate. I listened to every podcast and did as much research on BP as possible. So her is what I did. 

I purchased a mailing list from List Source in parts of town I grew up in which is the southwest area of the valley. About 1350 addresses that had the following criteria 45+ years old, 40 to 100 percent equity, SFR, owner and absentee occupied, and was purchased no earlier then 3 years prior. The list was about $220. The criteria came from a gentlemen that was having much success in another part of the country. Listened to him on a podcast but forgot which one.

Next I hired PatLive to answer and screen all phone calls for me. Which for the money I'm investing I feel it's worth having someone answer the phone 24/7. It's pretty reasonable also I started with the $90/month plan. And since I work pretty much every day I really need to make sure calls are answered or I would do myself.

Next I purchased postcards from local vendor in town Flyers Direct. They were pretty reasonable compared to Post Card Mania which is an awesome company but found the same product for cheaper and locally. I researched the design and did simple yellow postcards with phone number email address and website. The postcards where about $800 for 5000 but included the first mailing postage. So it's enough to send out 3 times which I plan on doing 6 times and on a monthly basis.

Next I had a lead capturing website made with logo design. It's www.offeruphomebuyers.com. sleek website but obviously no traffic which I'm ok with since I just wanted to have a web presence in case anyone asks.

The first set of mailers (1350) went out 2 weeks ago and I have only recieved one call and that was to remove them from the mailing list. I'm going to stick with it and continue mailing every month for 6 months. 

Is there any advice you can give me that may help me out?

Is there a reason people aren't calling yet?

Do you think the Phoenix market is to saturated to find deals with direct mail marketing?

Please help any advice will be greatly appreciated as well as I will let you guys know as soon as I find first deal.

@Kyle Tanner thanks for the advice really appreciate it.

Hello I'm looking to start investing in the Detroit area suburbs. I am from Phoenix AZ so need some boots on the ground. I'm going to purchase rehab and rent out homes but need a good general contractor in the area or some one to team up with. Propert management company already lined up as well. I will be purchasing in the following areas: Suburbs: Hazel Park, Oak Park, Roseville, Eastpointe.

Can someone please refer an awesome GC.

Hello Awesome thanks for the advice definitely will join group and attend meeting.

Hello My name is Jaysen from Phoenix Arizona. I've always have been interested in real estate but have never pulled the trigger on anything. Currently I have a rental property that does ok (never meant to be an investment). The home was purchased in 2008 so I have positive cash flow ($300/month). The reason I even bring this up is I now have equity in home and looking to pull out to start investing in other homes (about $60k). My long term goal is to buy and hold real estate but looking to use this money to flip homes at beginning and use profits to make down payments on real estate I plan to hold. I have a few questions that I was hoping local investors could answer. Does the 2% rental income rule of thumb work in Phoenix Arizona or is that completely out of the question. Meaning if I can purchase a home for $100k can I rent for $2000? Also what is the spread on a fix and flip in my area I've heard many different numbers. Some people I've spoken to say that the average money made in this area is $10k to $15k per flip. Is this true. Also I've found a hard money lender that loans 75% of home purchase price online. When speaking to them they said percentage rate would be depending on deal but In between 10% to 13%. Just wanted to know if there was any local hard money lenders? Again new at this and looking to get foot in the door. Thanks for all the advice a head of time.