All Forum Posts by: Jonathan Rexford

Not really sure of a discussion on the issue. But you have no argument in my book. If it says that the mortgage is due when title transfers at the option of the mortgagee then it is the deal.

Buying a home is risk and reward. I do use land trusts to buy subject to. Not because I am scared of the DOS. I due for minimal asset protection and I really don't like my name all over recording.

But the fancy courses and webinars sell the SIZZLE as you had stated. I wish I could entertain a good debate. But I can't.

Cold Calling

As much as I HATE cold calling I was wondering if anyone has paid someone to call and fill out a Property Info Sheet?
If so what was the rate you paid?
How did you pay?

Here are my thoughts:
Give my caller a special link to cold call sellers and FRBO’s
Pay $3.00 per entry to website
Pay via Paypal
Am I too cheap?
Am I too expensive?

Well that is a couple hrs from Charleston. That is out of his area. Sorry. Hopefully someone will read this.

I have a friend that is an investor in Charleston area. Not sure what part of SC you are in.

Lafi,

I think I am going to stick with the Greeting Card. The other reason I am going to is that I have to disclose that I am a Realtor with Brokerage name in letter. I have more room to write in a greeting card than I do with the Yellow Letter. Plus the response I got was very dismal.

Brian,

I do use Send Out Cards. I just clicked on the link and it worked for me.

Hey Folks,
Well let me respond with my Yellow Letter results. 105 went out 3 came back and 1 phone call that resulted into nothing. My total cost for the mailing with .95 per copy (I included .30 for labor 2.5hrs) to mail the letter.

I think I am going back to my Greeting Cards after these results.
I have designed a 4 piece mailing to go out over 28 days. Total cost per person is $3.54 per filing. I have mix thoughts of mailing it as to the expense. But then again, it is marketing. I know there are some investors that do a lot of marketing with preforeclosures beside so what are your thoughts about doing multiple mailings.

I have a friend in Atlanta that has 2 hummers that are wrapped. I bought a little scion xb that I was going to wrap, but never got around to it. If you have an unusual vehicle then go for it. It will get you business for sure.

James,
I wish I could add to this thread. I started using a "Yellow Letter" that is pretty lenghty.

Here it is:

Tuesday

Hello,

My name is Jonathan Rexford. I would like to talk to you about your house. If interested please call me @ [PHONE NUMBER REMOVED]. I Buy, Sell and save houses. You don't pay anything upfront for my services. So what ever your situation is, I am pretty sure I can find a solution.

Thank you,
Jonathan Rexford

PS The State of Florida requires that I disclose to you that I am a real estate agent with Beneduce Realty. If your property is listed with another Real Estate Brokerage firm, please disregard this letter.

PPS Our intention is for you to SELL us your house or help you solve a problem.

End of letter.

I don't like the idea of the disclosure in a Handwritten letter. But I am required to do so. I cannot tell you the results as I just mailed a group of 105 out.

And I am also mailing them daily as I get the new filings.

Scott if you are not using a trust are you using the option method?

I have not heard any of those lenders you quoted having an issue with the TRUST.

Some Realtor associations in Florida don't have a problem placing Option Holders on the MLS.

MLS rules change from associations to associations. Mine has a problem with Option Holders. One way to get around it is to Join with the seller on the listing agreement.

The other way is to use a TRUST and the trustee will sign the listing agreement.

But equitable interest doesn't matter if the Realtor Association has an issue with it.