All Forum Posts by: Kyle Cabral

Hey Guys,

I was looking at a property in the area to flip but it was part of the "Homepath" program where owner occupants get first dibs within first 15 days.  After learning about it, I actually thought to knock down the house, build a house, and live there for 2 years.  I found that my offer got rejected and went to an investor.  The annoyance here is that he bought it was an "owner occupant" although he bought, flipped, and now sold the house within 3 months.  But he bid during the "owner occupant" time period.  I heard he got docked 10,000 for selling within two years.  Is anyone familiar or understand the rules behind selling before 2 years is up when you buy a homepath property under 2 years.

Thanks,

Kyle

P.S. I'll likely keep this forum post going with my week to week/month to month results on my marketing campaign efforts.  Will keep chugging along until I get the results I expect to have.

Hi All,

My partner and I are in the process of getting our DM campaign going. In addition to that, we've put up about 60 bandit signs throughout our target location, setup a lead generation website, and are now compiling data for different types of niches for our DM efforts. As for results, well, it's been sad.

Driving for Dollars

294 letters sent out, which included our marketing business card. 1 mistake call, and I believe two visits to our website. No other traction. Plan on hitting these 294 back up on 11/1/14 along with another 300 DFD to keep this populate separate from others. We will likely be using Yellow Letters this month or possibly postcards, we are discussing at our meeting Sunday.

Bandit Signs

2 Calls. One from an investor trying to unload a property he couldn't handle. We visited and we figured out why. Was not a good deal and numbers weren't even close to making sense. Other call was from an interested home owner in a flood zone. He eventually stopped returning our calls after making an initial appointment. Will be following up with him next month.

Website Leads

Funny, but this has been our most quality source so far. 2 leads. One was from a homeowner under water, wasn't much we could do there. Other was from a very motivated seller but the house was something that needed to be knocked down and built back up.  At the price she wanted, didn't make sense, had to pass.

Lastly, this is where my question comes in.

Property with Tax Liens

I inquired about acquiring properties that have tax liens in some towns in my target market to build a list and send out a marketing hit on these people but had a question on what the tax collector meant on this email.

Attached is a list of properties in tax lien status. I will be having a bundled tax lien assignment auction on November 14, currently slated to include 196 of these properties. I will send you this information when completed.

Bundled Tax Lien Assignment Auction? Can someone explain that one to me?

Thanks!

Kyle

@Shane Woods @Christopher Winkler @Lexie M. 

Thanks for the insight! Appreciate it.  I plan on breaking out in 1,000 email blasts and see what happens.  I am speaking to a rep over at InfoUSA first to get a little bit more information on my concerns but will let everyone know how I pan out.  Thanks.

Kyle

@Shane Woods here is my criteria for filtering using infousa

Attached is your Market Research Report.

Number of leads: 4941
Age: 35 - 75+
Marital Status: Single
Home Ownership: Homeowner
Home Value: Under $25,000 To $299,999
Years At Address: 7 To 99 Years and More

The goal here was to be specified with persons whom have been living at the address for more than 7 years, whom were single and likely to have equity in the property.  With the single classification, you hit upon divorce cases and widows which is why I went with the 35-75+ age inclusions.  InfoUSA does not have equity %'s so I did what I could with the filtering options presented.  I am thinking this would be worth the try given their pretty good templates that can be customized, my only concern is with it going to spam mail.

Hi,

I've been looking at some alternate methods of marketing and was wondering if anyone had any success with email blasts? I notice that infousa charges .13/email and can get a pretty specific list but I am concerned that it will just go to junk folders.

Any insight would be appreciated.

Kyle

Guys, thanks for all your responses! Great stuff. 

My partner and I are in the midst of low budget marketing including bandit signs, will be driving for dollars and posting notices on door steps but was wondering how long did it take you to get your first deal?  How many leads did it take?  What strategy did you use? I'd love to hear the low cost ideas.  

Question, how would I go about locating people with tax issues in a desired county/town. I want to start building a list and targeting them with a different message but is it as simple as just going to your counties tax office and asking them? What would I say? Feel like it's almost invasion of information... Although it is public record, right?

Do you need to replace those things? One thing I learned relatively early is it really doesn't make sense to upgrade when something is working just fine and the lack of rent increase doesn't justify the cost to fix.  Don't eat into your bottom line. I mean if somethings unusable or if you say, hey, If i fix this I can charge 100+ more in rent and it eventually will pay off... ok makes sense.  

If you cash flow, keep as is, don't sell.  Key to wealth is to buy, hold, gain equity and repeat.  If you sell to reinvest in a better property with more cash flow... OK then that makes sense.  Every situation is different and we would probably need to analyze a lot more numbers to get to the real bottom line of answering the "should I do this?" question.