All Forum Posts by: John M.

@John Tan, PM me the address and I'll take a quick look for you.

@Richard Lema A title company needs to be involved 100% of the time.

Hi BPers!

I'm looking into PropStream and could use some advice on how to locate comparables for my fix/flip business.  My search needs the following 3 criteria to be functional:

1. Locate SFR that were sold at below market prices (not MLS, not retail)
   
2. Property was held for a period of time (eg, <12 months)
3. Property was re-sold on MLS.

Ideally, I would see both the original sale price and the secondary sale price.  Note --- I am not interested in just seeing the final sale price as my staff need a quick way to generate a preliminary offer price with limited knowledge of repair costs, holding costs, etc.

The 'flippers' filter does not work - identifying 0 completed transactions in several cities (NJ) that have seen explosive investor activity in the past 2 or 3 years.

Thanks in advance (and happy new years)!!!!

John

Hi BPers -

I'm expanding my wholesale operations into Tom's River, New Jersey (and surrounding cities) and am looking to connect with experienced and 'investor friendly' title agencies. Specifically, I'm looking for an agency that is willing to split the HUD and facilitate wholesaling between parties.

Have a great new years!

John

 Mine is about a $1 as outlined above with limited edition stamp.

@Marc Winter,  I've used postcards in the past and received the typical ~1% response rate.  The responses seemingly were of lower quality than what I'm receiving with the full envelopes (proper letterhead, nice stamp, etc).  That being said, I was thinking of throwing in one postcard mailer to perhaps spur a few more responses.  What do you think your % look like at the moment?

@Doug Starks, can you tell me more about your multi-channel marketing system?  

• Assuming the cost of a postcard or mailer is about $0.75 (on average), what is the added expense of your MCM?
• What does your response/conversion rate look like today? Relative to mailers only?
• Do you receive any responses from email? Are the emails even correct?
• What type of leads are you seeing in voicemail drops?
• Facebook or Instagram ads?
• Geo-IP targeting?

@Doug Starks, I typically do not do this -- unless the house is in bad shape (overgrown, boarded windows, etc). Do you feel it is worth the time/expense of having a VA 'cold call'?

@Matt Rusk, I'm doing OO and AB with the normal metrics. Frequency is monthly with 1/4 of the list being mailed each week.

Hi @Beverly Hinds -  Curious if you have any deals that need to be wholesaled? I'm looking for my next flip.  

HI BP Community!

I'm curious what the current response and conversion rates are for my local New Jersey RE Investors. It seems that for me, both have decreased from this time last year. Quality deals (let's say around 75% ARV) are not making themselves known. My current direct mail campaign is a high quality, professional letter with limited edition stamps.

What do your numbers look like for the past 3 months, or so?

I do want to point out that I let many of the smaller opportunities walk (fed to local realtor) as the risk outweighs the reward.