All Forum Posts by: Nidia C.

Signed up!

Plum St, Paterson, NJ 07503

Type: 25 X 100 LOT, RAW LAND

Acreage: 0.0574

Taxes: 1,700 (2015)

• One block from St. Joseph's Hospital/Medical Center
• One block from new condo development
• South Paterson Redevelopment Area 
  

Asking price: $62,000   CASH ONLY!

Call/text 201-383-2349 or email [email protected]

Hi @Chris Garzino I mailed out 400 yellow letters last month with a very typical "I want to buy your house" message.  I received about 20 calls, but haven't closed on a deal yet. I know it's a numbers game, so I plan on sending letters to the same list later this month. If you search for "direct mail" or "yellow letters" on BP, you will definitely find information. I used listsource to buy my list. 

Jennifer Brown I'm a newbie; this story is really inspiring! Congrats on your success. Any suggestions regarding condo purchases? From listening to the podcast and reading, sometimes condos are discouraged.

Hi @James Ritter, just read this post. I was wondering if you sent out your mailers? If so, any success?

@James Ritter. Sorry, I was on page 1/3 when I posted my previous comment. Saw that you posted an update 2 days ago. I will follow this thread to see of any updates. Good luck!

@Undrea KingThat's great, thanks! Glad to hear it has been working for you!

@Undrea KingI just started my yellow letter journey. I was wondering if you had an update on PatLive? and if you recommend it? I don't see myself using it for now, but maybe one day in the future.

@Patrick Liska Thanks for your feedback! Yes, a phone call could make all the difference. I plan to call and see if I can convert the attic. 

I've checked some of the rent prices in the area, and the rent wouldn't cover the mortgage/costs. I'm trying to figure out a solution, hopefully the seller can come down on his price a tad bit.

@Avi-Gil Chaitovsky Thanks for responding!  I went to a couple of open houses last week, and saw 2 houses that had attics/bedrooms. I still plan on checking, just in case. I think my only option at this point is to call the seller and try to negotiate a price that would give me cash flow. If not, walk away.

Thanks @Account Closed!! Hopefully I will close on a property there soon!