Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Annette Torsarkissian

Annette Torsarkissian has started 3 posts and replied 21 times.

Post: Bandit Signs in Los Angeles

Annette TorsarkissianPosted
  • Involved In Real Estate
  • Los Angeles, CA
  • Posts 23
  • Votes 8
Originally posted by @Larry Chafe:

Annette,

I tried bandit signs for a while.  They didn't result in very many leads.  Some get taken down very quickly depending on the city enforcement.  I guess the trick is to find a location that's visible and doesn't get pulled down within days.  Finding a spot on private property that's publicly visible would be the best - may need to get owners permission and/or pay them a small amount for this.  In the end, for me - they were not worth the time/effort to get the result.  You could pay others to put them up for you, but that will cost you more, and you have to check up that they are being placed properly and not just tossed away.

The signs did seem pretty good at getting other RE investors to call me.  So if you are trying to build a local cash buyers list, they could be useful.  I still have a few, and plan to selectively place them.

Larry C.

Great California Homes

Thanks Larry, I see that being very selective and strategic when it comes to putting up the signs. Did you use a Google voice on your signs?

I have a box of 100 bandit signs that just came in the mail. I'd like to figure out a way to use them without getting them tossed or fined.

Post: Bandit Signs in Los Angeles

Annette TorsarkissianPosted
  • Involved In Real Estate
  • Los Angeles, CA
  • Posts 23
  • Votes 8
Originally posted by @Matt R.:

I used to see them more in LA. I would expect some funky calls either way. I would be more incline to test a hyper local adword campaign before bandit signs in LA. IMHO the market seems a little more sophisticated these days and not as many desperate sellers...but I have not tried so it is all speculation. Outside of LA and in IE or AV bandits might work better I am thinking. Good luck and let us know what happens. 

 Hi Matt thanks for your input. I've heard of Adword campaigns before and I am beginning to hear it more often as a way of marketing. Can you please give me an example of how this method works for you? What are some of the pros and cons of incorporating Adword ?

My thinking behind the bandit signs are to use the same image on the mailers so when the owner opens the mailer or recieves the postcard he is aware of who is the one buying the houses. I guess a way of building a familiarity to those in the neighborhood that are considering to sell their home. What are your thoughts on this?

Post: Bandit Signs in Los Angeles

Annette TorsarkissianPosted
  • Involved In Real Estate
  • Los Angeles, CA
  • Posts 23
  • Votes 8

Hi BP members! I am looking into giving bandit signs a shot in Los Angeles area.
I want to be aware of laws regarding putting up the signs. I am having a difficult time finding the information on the L.A. city website or a phone number for the city on what is legal and illegal.
Any information and advice would be very helpful.

Post: Advice on my Absentee owner letter

Annette TorsarkissianPosted
  • Involved In Real Estate
  • Los Angeles, CA
  • Posts 23
  • Votes 8

@Morry Eghbal  your letters are very helpful. have you attempted to send letters? If so, what was your turn over rate? This is going to be my first marketing campaign.

Post: Advice on my Absentee owner letter

Annette TorsarkissianPosted
  • Involved In Real Estate
  • Los Angeles, CA
  • Posts 23
  • Votes 8
Originally posted by @Franklin Romine:

@Annette Torsarkissian Narrow down your list of properties.  Look for out of town owners, high equity, owned +10 years, etc, etc.   If you want to be some what serious about being in the business subscribe to property radar.  Property data can easily manipulate and mailed out within minutes.


Frank

 I am definitely interested in getting serious about picking up deals and I know they are out there. 

Your the second person that mentioned property radar so it seems to have a lot of good credibility. Since I have MLS access and a title rep that sends me specific addresses that Property Radar would be a useful tool? If so, how?

Post: Advice on my Absentee owner letter

Annette TorsarkissianPosted
  • Involved In Real Estate
  • Los Angeles, CA
  • Posts 23
  • Votes 8

@Account Closed I agree, correct me if I'm wrong but I feel that many of the pre-foreclosures we ar dealing with in today's market have little to no equity because these homes were purchased during the 2007 bubble.

Does your website source for probate properties offer probate information in other states as well?

@Rick H.  Tons of great information. I can't say "your right" enough. This approach would really help smaller companies like mine get started and build good relationships.
I'm looking into Property Radar and I really like what I see. I have access to the MLS and my title rep to get a lot of information. Property Radar puts all the information on to one platform which can be very helpful.

Thanks for the book suggestions as well always looking for the next good read.

Do you feel with MLS access and title rep information that Property Radar would still be a good tool? Is Property Radar one of your main tools when looking for deals?

@Brett Synicky Only 25 letters is great! Your approach is very simple and functional which now I'm beginning to realize is the key to starting out and building momentum in the business.

Thank you for showing me your letter. If it is okay with you I would like to implement some of the wording. I was having a difficult time putting in the correct wording to make sure I am not over promising a buyer but letting the potential seller know that I do have buyers that are interested. I think your letter offers the correct wording without over promising. 

I had spent so much time on my letter and trying to make it sound perfect and I had forgotten to keep it simple!

Post: Advice on my Absentee owner letter

Annette TorsarkissianPosted
  • Involved In Real Estate
  • Los Angeles, CA
  • Posts 23
  • Votes 8
Originally posted by @Brian P.:

Annette

Glad to see you corrected your license number, I thought you must be the oldest California real estate agent alive. Mine dates back to 1965 and it wasn't even close to your original post. 

Any way absentee owners are great, when I started working them no body else was and it was easy living. I was in the office one day an a out of state owner called to ask about the market and I ended up listing his house. I then wondered how many such owners there were out there and went to the title com. They were a ton, and my easy life started. But a blabber mouth clerk in the office I was in started telling everyone of the great volume of business I was getting and from what, Thankfully most agents she told were too lazy to do something new and find out about it. But the word got out, especially to a wannabe guru who joined our investors group and we accepted his BS story and let him in. 

He had never done a deal but picked our brains and wrote his book which became a best seller, I won't give his name but hopefully he is in a cemetery somewhere with a headstone the dogs like to use. His book was good because he gave away many of our secrets and created a lot of competition we wouldn't have had for years or decades.

Any way, I suggest you first approach them as a agent adding if they need a really quick sale you do buy properties as an investor. Either way if they would like to talk about it your available at a 800 number, and or an e-mail address. I have lots of other suggestions but I won't give them out until I know I'm not returning to California for sure.

 Thank you, this is one of the key answers I was looking for when I put up this question on the forum. I will first offer my services as an agent then as an investor.

Do you feel that giving out an 800 number is better than my cell or office number? If so, why?

It is so unfortunate to hear stories of gurus ripping off information like that.  I have paid wayyyy too much money to those gurus to learn tricks to the trade but thankfully I have found Bigger Pockets.

If you decide to comeback into real estate in California let me know I'd like to be a part of your team.

Post: Advice on my Absentee owner letter

Annette TorsarkissianPosted
  • Involved In Real Estate
  • Los Angeles, CA
  • Posts 23
  • Votes 8

@Account Closed 
Currently my market is the Los Angeles area. The reason I decided to reach absentee owners was to find tired landlords who are looking to take their money out since real estate in Los Angeles is significantly higher than other parts of the country.

Pre-foreclosures was the next market I was looking to target on my list since it is easy for me to get a list through my title company.
I am not sure how buy probates since there is an auction/bidding involved. Let me know how it works out for you.

Post: Advice on my Absentee owner letter

Annette TorsarkissianPosted
  • Involved In Real Estate
  • Los Angeles, CA
  • Posts 23
  • Votes 8

Since I don't have funding sources right now to buy houses on my own. I am looking to build some capital in the mean time by selling these off market properties I get from the mailers to my list of cash buyers.

My approach through this letter is to give the seller the option of listing their property on the market or have it sold quickly with a cash buyer.

Should  the "I buy houses" approach and "listing your home" approach be two separate types of marketing?

Post: Advice on my Absentee owner letter

Annette TorsarkissianPosted
  • Involved In Real Estate
  • Los Angeles, CA
  • Posts 23
  • Votes 8

Hi guys, 

I hope everyone is enjoying their thanksgiving holiday. I am working on mailing my letters to an absentee owners list I have. Before I print and send them off I was hoping I could get some advice on the wording in my letter.

 I need some insight from a third party that may have tried this method before or have received these letters themselves. What can I put to make the letter more engaging or appealing to the reader?

-----------------------------------------------------------------------------------------------------------

This is my letter below:

Dear [Homeowner first name]

I hope this letter finds you well. ?
I am writing to you in regards to your property located on [Property Address]. I am representing buyers that are looking to purchase property in your area quickly and hassle free. ?
In today’s market the seller has a huge advantage to selling their property for top dollar due to the shortage of real estate inventory in Los Angeles county.

I respectfully wonder if you have given any thought in selling your property.

If so, it is a good time to discuss the opportunity available to homeowners who sell their property during a demanding buyer’s market such as the one we are facing today. ??Please call me (818) 274-2223 or email me at [email protected]

I look forward to speaking with you soon. ??Best,
Annette Torsarkissian
CalBRE# 056583

---------------------------------------------------------------------------------------------------------

Thanks!

Annette