All Forum Posts by: Jonathan Guerrero

Welcome to BP.  Shoot me a PM of what you're looking for and if anything matches your criteria I'll let you know. I live and invest here.

 Well it looks like you have a system set up already.  Are you closing on any of these? How do you like Bakersfield?

 Wow that's a big cut. How many letters or postcards do you send?

@Markene Mathis I haven't done letters yet so I can't tell you by experience but from what I have heard on the podcasts their response rate is certainly higher than postcards.  My budget was limited so I pulled the trigger on postcards.  Every market is different but I'm sure you will get some response.  

@Jill DeWit I wish I would've started with letters instead.  My budget is limited.  Some of these prospects could turn out well and if it does I'm doing letters and never going back.  

@Michael Quarles Thanks for the info.  Will do next time. 

@Rick H. 

Thanks to all of you for your help and advice. Greatly appreciated.

 Letters are my next move.  Glad to know I'm not the only one.  

@Jerry Puckett Thanks for your response.  Out of the 7 calls 4 calls were ok leads, can't say they're high quality but ok.  I'm following up with one prospect, his property is in a rougher neighborhood, not too attractive but can work.  It would be tough to flip and sell ASAP, but will be a great buy and hold.  However, rent is way under market value and raising rent drastically will not work, I would need to evict the tenant.  

The other lead has 2 properties that are move in ready and he is somewhat interested in seller financing, however he wants almost full market value and I wouldn't cashflow anything.  So I'm still indecisive on this one.

Other seller wanted 200k net and ARV is 230k. There's not enough margin to resell and I wouldn't cashflow anything if I held it.

Maybe I need to toughen up my negotiation skills?  However, it was my first time talking to sellers and I'm glad I got the experience. 

I feel a little bummed I only received 7 phone calls. But I knew this was a possibility.  It's not even 1%.  Is this the usual response rate for postcards?

@Troy W.  We talked and he didn't care if I reassigned for a couple thousand more.  I believe we built a good relationship and I told him my main goal in this deal is to provide value to him and my partner.  I don't mind if I get a $100 dollar check, I just a want a check to say I closed my first deal lol. 

@Brent Coombs Haha I didn't think of that.