All Forum Posts by: Lee Pedrazas

Thanks Bob! That's exactly what I needed.

For you all who mail daily to newly posted foreclosure leads from your county website, how do you stay organized for repeat mailings?

If I mail out everyday to the new filings, how can I make sure I remember to send out another letter in 3 days or a week or whatever the amount of time is? It seems like multiple touches would be the way to go, but I can't figure out how to keep things organized.

And I also don't want to keep marketing to people who have already had there house auctioned off...

Advice/suggestions appreicated!

Thank you for the response.

I do have a google voice number, and I do plan on asking leads how they found me.

What I really need to know is how I can keep track of when I need to send the next marketing piece to whatever list I'm marketing to. I know there is software that does this for you, but I want to spend as little as possible in the beginning.

anyone? did my questions make sense?

Hello,

I'm trying to figure out how I should go about managing several different direct mail campaigns to NOO, preforeclosures, and expired listings.

I have a set amount of money to devote every month to my direct mail campaigns.

If I initially select say 200 for each group to start with, what happens next month? Do I continue to market only to those people or do I gradually add people to grow my list? For example, if I want to market to all NOO in a particular zip code and there are 500 of them, I may not have enough funds to market to them all. Would I create another separate campaign once I begin to grow my business so that I could market to the rest of the group if for instance I could only afford to mail to 250 the first time? Or should I just try to include all of them?

I hope this makes sense.

How does everyone keep track of their campaigns or do most people use direct marketing companies to manage campaigns for them?

Thanks!

Thanks Brian. That's exactly the advice I was looking for.

As far as probates go, is that info part of the public record? If so, which county office will I need to contact?

Thanks everyone for the responses!

What I mean by value is the sold price of the comps. Sold data is only availabe in the mls here.

What other sources could I use to value properties? I mean specifically for rehab buyers since valuations for rentals would be different. Most of the buyers on my list are rehabbers vs landlords, although that could change as I add more buyers.

In texas, the only way for me to value a property is to have an agent do it for me or get my license and do it myself. It's not public record here.

As far as liability is concerned, I think I'll be fine as long as I use proper disclosure.

Thanks for the repsonses.

I want to have done my first wholesale deal within three months of beginning marketing, and I want do do at least 1 house per month for 6 months after that.

As far as what I will do to make that happen, I plan to visit the county twice per week to get divorce filings. I will also collect adsentee owner addresses from the mls once per week. Direct mail campaigns will go out either once every two weeks or every month (haven't decided yet). Greensheet ads will run daily for 3 months then I will evaluate. Craigslist ads will be placed weekly.

I will pass out business cards and network at the local RE investment club meetings, as well as pass out business cards everywhere I go (restaurants, events, etc). I will create a website to gather info and leads from sellers AND buyers.

Also, I plan to make REO offers once I get my license again, and I'll be able to make a LOT of those.

This is the plan. I just don't know what is most important for success.

I'm finally getting everything worked out to begin wholesaling. I have a few courses that I've purchased, and I've been combing through this and another forum.

I plan to set up an LLC, and I think that will run me around 300.

I have a total of about 1000 to spend at the moment, but will have another 500 or so by the end of the month.

What is going to be the most important thing/s to spend money on?

My plans were:
Business cards 40-50
car magnet 50-60
Greensheet/Pennysaver 120 for 3 months
Direct mail campaign for absentee owners 500?
Direct mail campaign for divorce filings 500?
LLC 300
Craigslist free

I will soon have my RE license again, and I'm pretty sure I can get absentee owners from the mls. Divorce filings I will get from the county record.

Any suggestions, ideas, etc? I'm all ears and very appreciative.

Additionally, I'm feeling a little overwhelmed in the sense that I don't know how to organize everything including campaign results, contact info, etc.
Lee