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All Forum Posts by: John Lyszczyk

John Lyszczyk has started 24 posts and replied 143 times.

Post: Lenders for Multifamily (5+) or Mobile Home Park

John Lyszczyk
Pro Member
Posted
  • Rental Property Investor
  • Marine City, MI
  • Posts 145
  • Votes 230
Originally posted by @Frank Rolfe:

Call Security Mortgage Group. They are loan brokers and can get a loan on virtually any mobile home park as long as the deal is $750,000 or more. Under that you're stuck with either seller financing or small-town local banks.

______

Thanks for the lead Frank! I've contacted three local banks already and I'm working on more. 

Post: Lenders for Multifamily (5+) or Mobile Home Park

John Lyszczyk
Pro Member
Posted
  • Rental Property Investor
  • Marine City, MI
  • Posts 145
  • Votes 230

Can anyone recommend lenders for Multi-family or mobile home parks? I am starting to develop a few relationships here locally, but I am wondering if anyone on here has had a good experience with a lender that they would recommend. I live in Michigan and I'm looking into a 20 unit mobile park with 7 apartment properties. Any suggestions/guidance would be greatly appreciated..

Post: Automated Postcard Mailing System?

John Lyszczyk
Pro Member
Posted
  • Rental Property Investor
  • Marine City, MI
  • Posts 145
  • Votes 230
Originally posted by @Allan Smith:

Postcards are so cheap from fulfillment services like click2mail.com, I have no idea why anyone would ever want to physically fulfill postcards. But if you must, you would want to print on them. Remember to get postcard stamps, they are cheaper.

if you truly want to automate, you would probably have to use lob.com API to link up with your CRM.

also I second the person who said you have to send a lot more postcards to get a deal. However, you can send out yellow letters and get more calls, but you won't necessarily get more deals. Yellow letters get a higher response rate but it's a lot of Tire kickers beat. People who call postcards are usually more serious.

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I was shopping on click2mail.com and I will definitely try their services in the future. I have a lot of time on my hands lol no money to pay $1,000-$1,600 for mailing services. I'm open to looking at any cheaper options. Once I start generating income from deals I'll see if a mailing service makes sense. But I'm thinking I could get my cousin to apply labels and mail them for a fraction of the cost of using an online mailing service. Not ruling any options out as I am in the "experimental" phase right now. Thank you for the tips! 

Post: Automated Postcard Mailing System?

John Lyszczyk
Pro Member
Posted
  • Rental Property Investor
  • Marine City, MI
  • Posts 145
  • Votes 230
Originally posted by @Jerry Puckett:

Insted of fooling with labels, I'd suggest printing right on the postcard. Most modern printers will accept the size and stock. Just create a template in word the same size as your postcard and insert some merge fields.

You'll still have to apply your postage though

There are tons of services out there that would do this for you, but of course it costs a little more. Well worth the time saved. Have you figured out how much your time is worth so you know if you're actually saving money?

_____

Thanks for the tips Jerry! I'm looking at all options at this point. I do have a per hour figure of what my time is worth. I bought these really cool postcards from vistaprint and I've created labels on Word. After factoring in cost of postcard, labels, ink, time, etc. I'll see what it costs me to create 1 postcard and try to improve my efficiency from there. Once again, your feedback is greatly appreciated!

Post: Automated Postcard Mailing System?

John Lyszczyk
Pro Member
Posted
  • Rental Property Investor
  • Marine City, MI
  • Posts 145
  • Votes 230
Originally posted by @Colby Hager:

@John Lyszczyk

This isn’t answering your question, I’ll leave that to others. I just want to throw this out to you.

500 postcards isn’t even a drop in the bucket. Most people effectively using postcards send them by the thousands. My minimum for postcards used to be 2500 per week.

You are FAR better off sending a yellow letter or some other iteration of a letter if your list is 500 or less. This will yield far better results when dealing in these small numbers.

Not trying to dissuade you. Just want to give you a different perspective. I guess if you are dead set on sending small amounts of postcards, my advice would be don’t do the whole we pay cash spiel. Convince them to go to your website and then try to convert them there on your website.

My best performing postcard pissed off about 90% of the people who get them. Lots of nasty calls and voicemails. I used to send the recordings to my buddies for a good laugh. Seriously though, that card converted like to other. Another reason not to do the traditional “we buy houses” card

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Thanks for the feedback and input Colby. What did your best performing postcard say? Do you have a picture? I'm curious..

Post: Automated Postcard Mailing System?

John Lyszczyk
Pro Member
Posted
  • Rental Property Investor
  • Marine City, MI
  • Posts 145
  • Votes 230
Originally posted by @Anthony Simboli:

@John Lyszczyk Makes sense, well I'll keep following if anyone has some suggestions or you end up standardizing your process or automating it. Good Luck!

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Thanks! I've never had to create mailings in Word, but now is the time to learn I guess lol I'll report back on my progress and if I find ways to automate. 

Post: Automated Postcard Mailing System?

John Lyszczyk
Pro Member
Posted
  • Rental Property Investor
  • Marine City, MI
  • Posts 145
  • Votes 230
Originally posted by @Anthony Simboli:

@John Lyszczyk what exactly are you mailing if you don't mind me asking. I'm looking into doing this but have not started. I was hoping to "automate" it by finding something online that would send them out automatically once I create them online. Any info would be appreciated. 

What properties are you looking into?"

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I'm trying to break into the Wholesaling space, but if someone is interested in selling their house and I can fix-n-flip for a profit, I would certainly consider that route. Overall, I am just trying to strike up a deal through Direct Mail Postcards going to Single-Family Homes. I bought them on Vistaprint, but to my knowledge, you can't upload the address contacts and have them sent out automatically. With all that said, I am resorting to making printing labels on Word/Excel for now. 

Post: Automated Postcard Mailing System?

John Lyszczyk
Pro Member
Posted
  • Rental Property Investor
  • Marine City, MI
  • Posts 145
  • Votes 230

I bought 500 postcards for my first round of mailing. Does anyone have a fast and cost effective way to attach addresses to these postcards? I have considered Vistaprint mailing labels, but they are a little expensive. I'll write every address out if I have to, but maybe someone on here has automated this process...ideas? 

Post: Questions for My Potential Accountant

John Lyszczyk
Pro Member
Posted
  • Rental Property Investor
  • Marine City, MI
  • Posts 145
  • Votes 230

@Jake Hottenrott thanks Jake! 

Post: Self-Directed IRA Questions

John Lyszczyk
Pro Member
Posted
  • Rental Property Investor
  • Marine City, MI
  • Posts 145
  • Votes 230

@Brian Eastman Would we be able to sell of a smaller parcel? Say we have 80 acres and we want to sell 5. Can we do that?