All Forum Posts by: Account Closed

Hey @Sabrina Kane@Matt Lefebvre 

Where would you get the absentee owners numbers from?

Thanks in advance

Hello all, 

I am about to start my first mailing campaign. I do not have much to work with, but I am going to send yellow letters to about 500 people/month, for the next 6 months. 

I am going to try yellow letters, post cards, and professional letters. 

I have a couple questions:

1) When a potential lead gives you a call back, and after a while, you realize that you can't come to an agreement on price. Do you still mail to them monthly in case they change their mind or do you stop? Everyone might have different answers, I want to hear YOURS!

2) When mailing to absentee owners, do you remove "in state" owners? I am thinking of removing them because in state home owners are more aware of their home's worth and they are less inclined to sell. However, my list usually decreases drastically. 

3) What day is best to send out your mailers. How long does it take them to receive it if I use first class mail?

Any other tips before sending out my first mailers would be great.

I'd also really appreciate any advice/tips from the following:

@Michael Quarles

Thank you all in advance. 

@Dion DePaoliThank you so so much for the clarification. I have a great grasp on it all now. Appreciate your time Dion!

@Ron S.Got it thanks!

So, would you know where the 30-60-90 day period fall? Are these the days following the first late mortgage payment? 

At the county office, do they file the notice of default? or do they file only notice of sale? If i go to county, can I see the NOD's or they only file the notice of sale? Is it also possible that they file pre-nods or thats out of the questions?

Thank you!

Hello all,

I generally understand the foreclosure process, where once you're late on your payment, you get a notice of default. After that, you get notice of sale, then it goes trustee sale, then possibly sold as REO.

My questions are: How long generally after you stop paying do you get the NOD? I've seen places say one month, and other places say 6 months.

In addition, I hear all this talk about the 30-60-90 day period. Is this period before NOD? or does the 30-60-90 day period happen once the NOD is given.

At what point can I go to the county office records and pull this info? Pre-Nod? After Nod? During the 30-60-90 day period?

Hello, 

For marketing, you usually hear yellow letters with invitation type envelopes. 

What do you guys think about these types of envelopes? Assuming you can get them for cheap. 

@Michael QuarlesThank you J!  I appreciate your honesty. I'm going to switch over to automating it very soon through Yellow letters. 

@Michael QuarlesThank you very much! How long does it take your bulk stamps to get to the seller? How about first class mail? Also, for the yellow letters that you guys use, is it printing paper material or legal pad material? Thanks again!

@Michael Quarles, how do I get the BP discount? And is the sale still going on? If I do only 500 mail pieces, with invitation envelope, first class stamp, it comes out to be $1.2/mail piece. 

Hi @J Scott, I have a question aimed at you. I have finished reading your book on rehabbing. I am ready to start my direct mail campaign. Since it is almost the end of 2015, and in a constantly changing economy, I assume that you have different tactics. Is there any way you could share your direct mail campaign? I want to pick a zip code or two, and using listsource, get about 500 contacts. With those 500 contacts, I want to send direct mail to them every couple of weeks, as you mentioned. I am a full time student and I have a job so my days are usually busy. A question I have for you is do you think its smarter to just send to maybe 125 contacts a week, and get to all 500 of them in a month. And then repeat the cycle? This way, I can handle the calls coming in? Also, there is a lot of talk about using different direct mail campaigns like small text pc, yellow letter, professional letter, large post cards, zip letters, greeting cards, etc. Have you tried any of these? If so, do you think they work or do you like sticking to your roots of yellow letters and pc? Also, since I am just starting out and my funds are low, I want to make it pretty cheap and put some sweat equity in it. One thing I will not do is actually write the letters by hand. Are there any websites/places that you could recommend? Is there a better website to pull my list from (need equity criteria)? get invitation envelopes for cheap ? first class stamp vs bulk stamp? order yellow letters or pc for cheap? I can even buy a bunch of yellow paper and print a bunch of "handwritten font" on it, and send it out. The point of my question is, without being involved in any of this, and just completely ordering any of it from somewhere like @Jerry Puckett or @Michael Quarles , it costs me upwards of a dollar. Then I think to myself, 50 cents for a stamp, 20 cents for invitation envelope, with couple cents for ink/paper. I feel like it comes out to be that much. So besides wasting time, and not saving any money, whats happening? Of course, eventually in a couple months, I will switch over to these automated programs from these gentlemen, but for now, can you guide me to any cheap places I can go to cut down my costs substantially? Btw I completely understand the opportunity costs of time vs a couple of cents. But sometimes you just have to do what you gotta do. Thank you in advance!