All Forum Posts by: Jose Corbera

@Will Fraser Thank you for this - I’ll definitely be looking into this. Appreciate the feedback.

Hi All,

How are you all handling follow-up on sent offers and keeping track of when to reach out to either realtors or property owners?

I’ve gotten to a point where I send out several offers a day but with closings and my day to day list of things to do, it’s become quite a handful. Anybody come across similar growing pains? If so, what processes have you implemented? I’d like to automate that entire process if I could.

Thanks in advance,

Jose

Hi All,

In my efforts to start my mailing campaigns, do any of you recommend any probate leads provider? A recommendation on a vendor that provides code violations and pre-foreclosures as well would be much appreciated. Thank you!

Hope you all are staying safe.

Jose

@Braden C. Thank you Braden. I love the approach but haven’t been able to find a provider that would do it for a reasonable price. To be honest, not even sure what I should be paying for something like that. 

I was thinking of just getting someone from upwork but it scares me bc I wouldn't be able to track how many letters they write or send out. I'd literally have to take the VA's word. Do you have a provider that you currently work with.

Would you be opposed to sharing the letter you’ve created?

Thanks again!

Jose Corbera 

Hi All,

Have any of you used CallFire for tracking incoming calls? If so, what are you thoughts on it? Do you recommend any other vendor?

Also, I've been sending out postcards through DealMachine and it's just too expensive. Great app though. Can anyone recommend a different mail house they've used? Along with postcards, I'm looking to send out "hand written" letter as well.

Appreciate the feedback.

Jose Corbera

Hi Everyone,

In the past I've purchased properties to buy and hold with conventional financing but I'm thinking of implementing the BRRR strategy to scale things a bit. For those of you that have actually executed the BRRR strategy, how do you get around the guidelines that state that if you want to cash out based on the "new appraised value", it will have to be after 6 months in order to refi conventional? I say conventional because I assume that would be the least expensive way to refi.

Does this mean I have carry the hard money loan for at least six months? Seems very expensive to me if that's the case. Is there an alternative? Any guidance would be amazing.

Thank you in advance for the insight.

Hi all,

For those of you purchasing properties "cash", using the BRRR method, and then trying to cash-out in the cheapest way possible, how do you get around the agency guidelines regarding cash-out refis inside 6 months of purchase? It state that if you want to cash-out based on the "new appraised value", it will have to be after 6 months, otherwise, you can include all costs, original price, and penalties to arrive at 75% loan to value.

What loan products would you recommend if this is the case? I'd love to hear your thoughts as I am sure I am not the first investor to come across this.

Thank you,

Jose Corbera

Looking to invest in Saint Lucie/ Martin County. Any good contractors that keep a timeline and stay within budget recommendations would be great.

For someone looking to rehab a property, what are the ideal steps I'd have to take to know an estimate of what it will take to bring a property up to comp value? Should I bring a contractor to each deal prior to closing?

What did you experienced investors do before you learned what it would take?

Thank you!