All Forum Posts by: Nedje Severe

@Vertical Jones I was just in this area working on a property 2 blocks away fro the Hospital. Newark is up and coming its sad that the city still gets a bad rap from some home buyers. However for the people who see past the blemishes there is A LOT of potential. If your looking in the area we could share some information. 

Hi Antoine, 

That is a familiar problem I hear far to often in my farming territory of Northern NJ. High property taxes are monkey wrenches when calculating investment numbers. With that in mind areas like Essex County are a common landing zone for most investors because of the low property taxes. Yet as your aware it does come at a risk. However there are many neighborhoods that offer the both great return on investment and safety as long as you hook up with the right agent. Send me a PM and I can see where I can offer additional insight to assist you in finding your ideal cash flowing property. 

Hi Bigger Pockets Community, 

I'm in the beginning stages of REI and have come across great opportunities, which to the unexperienced eye look like great opportunities. One of which is an 9 bedroom multi-family with 2 legal units and a bonus 3rd unit. The property has 3 stories, 2 of which were damaged due to a fire last year. This property is now a damsel in distress waiting for a rehabber to save the day. This property offers a number of benefits. Sits on a massive lot, has a solid rental population, IMO can be expanded to a legal 4 family or have another property built on the additional lot.

I'd like to accomplish 2 things. 

1) Learn how to analyze a fire damaged property with either a buy & flip or BRRR strategy in mind.

2) Partner with a rehabber who is looking for someone who's willing to learn and contribute free labor in exchange for a small percentage of the profits. 

I’m starting a marketing campaign targeted at Pre-Foreclosure listed homeowners in Union County, NJ. I understand “Pre-Foreclosure” to mean the lawsuit on behalf of the lender to take the property has been filed but the court has not yet declared that the lender has a right to the property.

I’ve fashioned a 4X4 “4-Week 4-Touch” Marketing Campaign from forums on the WWW and Bigger Pockets.

Week 1 - 1st Touch: DIY Handwritten Yellow Letter

Hi,

My Name is Nedje. I’m writing because

I would like to

$$Buy$$

your house located at

______Insert Address ___________

I would like to buy soon and even if you don’t plan on selling for a number of years.

Please Call Me at

(MY CELL)

PLEASE CALL!

Thanks

Nedje

P.S.

Even if you don’t want to sell, Id like to hear from you.

Week 2 – 2nd Touch: Business Letter 

(Sorry No Sample)

I figure if the owner doesn’t respond to the personal touch then maybe they will resonate with a professional letter.

Week 3 – 3rd Touch: Tape handwritten letter to Door ( I live in my target area)

Dear ____Homeowner,___

Life can bring on many circumstances to deal with and unfortunately some of those are not pleasant to work through.

Selling your house can be the exact type of stress you need relief from and that is what I specialize in.

No matter the situation I CAN GUARANTEE  YOU WILL LEARN more about your options and simply make a difficult decision easy, and just move on in life.

I would be happy to meet with you face-to-face and discuss the opportunities available to you so I can buy your house. I hope to hear from you soon.

Week 4 – 4th Touch: Face Time

Insert Smiley face and knock on the door.

Questions:

• 1. In the business letter am I legally allowed to use the “F” word (Foreclosure) and mention that I sourced their info from the Sheriff Sale list?

• 2. Does this approach make the most sense for a homeowner with NO equity in their home?

• 3. When I get the homeowner’s attention what other options can I present to them other than a short sale.

• 4. Is there anything I should be aware of that I might have missed in the marketing approach.

Green in the Garden State

Nedje Severe

Hi. I am Nedje S. 

I've recently moved back to NJ from MD with the vision to, like most others, make money grown on my tree. I am a hands on learner so trail and error normally work best for me. With that in mind I'll be on trail for the next 6 MONTHS working as an investor for my full time occupation. Hopefully I wont run into to many errors. 

Real important. I am very interested in finding and working with a mentor while I further my knowledge in the industry. I have a lot of green to offer in exchange. PSA the "GREEN" is better than cash, it is actually time which is worth more than cash. In other words I am willing and able to put up a considerable amount of sweat equity to the right mentor. 

The greenest