All Forum Posts by: Joe Yobaccio

@Justin Morgan, I'm just now reading this thread, which has aged a but, but I am wondering if you ended up using your own lead system to wholesale lease options?  That particular niche is one I am not familiar with....the assgingment of a lease option.  I'm not even sure in this good market, if a lot of landlors would agree to a lease option, but I am looking forward to seeing if this is something you are currently doing and making a spread on the rent.

@Jim Pellerin, did you say you used Investor Carrot with major success or did you mean you only used with minor success?  I hear a lot of investor tell me about Property Radar.  Any thoughts on that?

@Jay Hinrichs I just saw your reply about lease options not being what they used to be with new financing rules.  I'm curious to know what the new finance rules are and if there is a source I can read up on those rules.  I ask because I am curious about being able to use a lease option and then either use a sub lease or assign the lease option.  I've not done either of those, so don't take my desire to do those as actual experience with lease options!  I do have some training on LO by Jack Shea, who is well respected, but this Joe Mccall seems to add on a wholesaling aspect. But, either way, just to get into a LO or even  to buy and sell to a buyer on a LO, I am concerned about doing it legally.

@Shiloh Lundahl, I saw your reply about all in at $140k or less and I was just about to comment about being in California when I saw you are in Burbank.  Burbank is about 15 minutes from me, so I am familar with prices in this market.  My question is when you say all in, are you talking about your up front costs and rehab costs?  My 2nd question is if you get a lease option, are you then doing a sublease and if so, are you putting in additional fix up money before you sublease to anyone?  Just trying to do the math on how that works with properties above $400,000.

@Jay Hinrichs, I see you use Proper Radar and are also a broker, so I wanted to ask what you like about this since as agents, we have access to much of the same info.  sometimes not all in one spot, but we do get it included in the fees we already pay.  Is there a way you use PR that you find something that you don't have access to and it helps you get a listing or find an investment property?

@dave  

@Dave Van Horn If you owned a non performing 2nd with protective equity and the 1st is also in default, is your strategy to let the 1st foreclose and just wait for the eventual payoff or do you prefer to foreclose first?  

@dave 

@Dave Van Horn or anyone else on this thread? As a note owner, when I offer my note for sale, are there any regulations, that you are aware of, that do not allow me to send out collateral files to anyone other than a buyer with a purchase agreement?  I've been getting asked for the collateral on one of my notes from someone I know who may have a buyer, but she also has other people offering to help her who want to see the note.     I don't want to overthink this as she's trying to understand the note, but I need to make myself aware of any laws.  Thank you!

@Trevor Mauch  I know you have a demo, but I'm wondering if you can answer just a few basic bullet questions about your site:

To generate leads from a site, it looks like there is ppc, facebook, signs, etc, to drive traffic.  Setting up budgets is the biggest challenge most people face.  In addition to any fee OnCarrot charges, are there plans people can sign up for with SEO or does everyone have to have their own  ads running?   Also, some of those seem to be best when a landing page is added, which is another fee based service. Do you have any of that lead gen and what is a low cost way to do this? I see one investor said he spends $10/day.