All Forum Posts by: Joe Yobaccio

@rupesh 

@Rupesh Singh, whatw is OOS?  

@Max Gradowitz, what Cities in Central CA, do you think are good investing areas where prices are not beyond reach?    What are your thoughts on Fresno? I don't know that area, but I have a friend who lives there and could drive there to visit and look for cash flow properties.

@Sean OToole, I wanted to thank you and compliment hou on your recent, detailed post about how to use PR with a thesis.  I have been re-reading this a few times to really learn from it and each time I do, I realized, that post is an entire real estate class if someone is willing to really read and apply what you wrote.  A lot of gurus and list sellers, etc, will just post things or videos and say that what they are telling us works in any market and then they just rattle off the same techniques.  You wrote of what works or not in each numbered item and cautioned us that it is market specific and that each way of connecting with home owners has it's own pros and cons.  So, thank you for that. I hope that post or our user success following your advice drives a ton of users your way. 

@Jay Hinrichs, I really enjoyed reading your response to @sean 

@Sean OToole and his initial post about testing out ways to best use PR.  If you can, wthout revealing your exact secrets, can you give your thoughts on the types of PR searches that are leading to the better than average deals in this current seller's market? I know not all markets are the same, but I in CA, the market is very hot and same with rentals. I am assuming maybe it is similar in OR. So, I ask because the list and motivation would be different should things crash again.  As far as types of leads that turn to deals, I am familiar with techniques on how to do lease options, sandwhich leases and buying on terms.  But, all those require sellers a bit more desparate than maybe they are in this market.  Or, maybe those in default or empty nesters, are always going t be good candidates in any type of market.  Hope that makes sense. I can edit this if it seems rambley!

@Sean OToole, sorry if these questions have been asked earlier, but can Propery Radar search for late mortgage payments, pre-NOD? Another term I hear often is vacant homes. To me, I can get absentee owner lists, but just because an owner doesn't live on site, doesn't mean it dosen't have renters. Is there any type of vacant home search? Can what ever search results I get, be uploaded to a spreadsheet and sent to a VA to then use skip tracing to call them?

@Ayne C., do you have mortgages or do you own free and clear?

@Justin Morgan @Joe McCall, I have been on the most recent wholesaling lease option webinars and am not sure I agree that there are motivated sellers and landlords in SoCal that would agree to lease optioning their home.   I want any opinions, by my opinion, is that the market within a 2 hour radius of Los Angeles, to include Riverside and San Diego Counties, is still so good in the price ranges up to $500,000, that a house would sell quickly.  For landlords, the rentals move just as quickly and I keep hearing there are not enough homes to rent.  So, why would a property owner agree to lease option in this market vs. a market crash when things are taking month's to sell?  @Joe McCall, you say you recently did some of these in Los Angeles?  

@Sean OToole, the original posted on this thread was asing about niches. I know some who say to look up high equity propety that has been owned 10+ years. Is that a type of search that can be done? Also, to gain the benefit of the lists, I think she was asking how that is done. The question is always about budget to mail and/or use a VA to call. I guess there is door knocking, too, if you were able to identify motivated sellers. Someone reviewed Rebo Gateway and said they have some criteria for sellers who want out now that can be targeted. Can you let me know which of these Property Radar can do or not do?

• Divorce Filings
• Tax Default Properties
• FLBO Properties (For Lease By Owner)
• FSBO Properties (For Sale By Owner)
• Empty Nesters (Houses owned for 25+ years, with at least 3 beds / 2 baths)
• Properties with Recent Evictions (i.e. – fatigued landlords)
• Probate AND Death Certificate Properties (i.e. – properties that are in the process of being inherited)
• Non-Owner Occupied

These situations all have one thing in common – there is a high statistical likelihood that the property owners are in a position where they want out of their property – NOW.

@Andy Mirza, Note buying is geographiall all over the U.S. When using Property Radar to view into, are you able to view that information regardless of the note location?  Also, a lot of title info and recorder info is pretty available online.  What benefit is Property Radar? 

@Tyler Ford, I"m just now reading this thread and applogize if you have already answered this question of lead conversion with Investor Carrot. I see you have closed about 1 of every 4 leads. Are those seller or buyer leads? IF wholesale seller leads, how many of those were willing to discount their properties to the standard wholesale formula of .65-.70 of ARV? Also, did you have to target an area by zip or by absentee owner or just SEO search terms? And one last question, one comment said Lead Propeller gave similar results, but one had more phone calls come in and one had emails come in. What is your experience with this with Carrot and if it even matters if you have deal flow. Thank you!