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All Forum Posts by: Mark Redmann

Mark Redmann has started 17 posts and replied 169 times.

Post: Please help my direct mail!

Mark RedmannPosted
  • Investor
  • Philadelphia, PA
  • Posts 177
  • Votes 80
Originally posted by @Michael Quarles:

You need to mix things up a lot... Cluster marketing is king... Did you create your own Postcard?

 I used a template from the postcard company, but put my own words on it based off what I've read other people use. 

When you say to mix things up, how would I do that? What do you suggest to newbie DM investors? 

Post: Please help my direct mail!

Mark RedmannPosted
  • Investor
  • Philadelphia, PA
  • Posts 177
  • Votes 80

@Michael Quarles

 as in the same postcard?  Yes i did.  :(  What should I do from here on out?  I have about half of the original postcards with no addresses printed on them yet.  I can shift gears and maybe go with a different piece if that will help.

Post: Please help my direct mail!

Mark RedmannPosted
  • Investor
  • Philadelphia, PA
  • Posts 177
  • Votes 80

Ok folks, so I have been mailing a postcard to just over 1900 addresses.  I have mailed 3 times so far with about 5 weeks in between each mailing.  The list I am using is from list source.  I am targeting absentee owners with some other factors to narrow down my list.  After reading a post by Michael Quarles, I applied what he said to use to narrow down my list.  

For the first 2 mailings, I was getting calls from people to remove me from my list.  2 weeks after my third mailing, I have received ZERO calls. I have already purchased enough cards to do 6 full mailings.  I know everyone says to stick it out for at least that, and that the "magic" happens in the 4th, 5th, 6th mailings.  I bought enough at the beginning because it was a better price to buy more and to commit myself to mailing at least 6 touches.

I get a lot of returned cards that say "attempted not known", "Not deliverable as addressed", "insufficient address", and "vacant".  I am saving all the returned ones, because in my mind vacant is a good thing.  However, if I was mailing to absentee owners, why would their house be vacant!  Shouldn't the owner be living there?!  in any case I want to follow up with the vacant ones for sure.  How do I do that?  Where should I start?  If the address I originally obtained for the absentee owner is now vacant, how do I find them?  

What would you do? Thank you!!

Post: My first BRRRR!

Mark RedmannPosted
  • Investor
  • Philadelphia, PA
  • Posts 177
  • Votes 80
Originally posted by @Max T.:

All private money from 1 investor.

I get 10% equity plus 5% of monthly rents as manager.

Bought it bank owned for 79k. It is a 2 bd 1.5 bath in the fishtown neighborhood of philadelphia.

Rehab budget was 16k. Spend that fixing plumbing, electrical, roof, hvac, ceiling issues and appliances.

Had a lot of interest with it listed at 1225/month.

Then some of the new appliances got delivered and mold was discovered in the kitchen floor.

Now it's back off the market until that gets fixed. Going back to the boss man tomorrow for another 3k.

I'll keep you posted!

 Sounds good! Was your private investor family or friend? I need that person's number! Haha, good luck with it, i hope it does you well!

Post: Just wondering everybody's education/background?

Mark RedmannPosted
  • Investor
  • Philadelphia, PA
  • Posts 177
  • Votes 80

2 years community college AS in biology

school of hard knocks

Post: How should I Proceed With This Deal in Philadelphia

Mark RedmannPosted
  • Investor
  • Philadelphia, PA
  • Posts 177
  • Votes 80

@Johnathan Butler

 Point breeze is my backyard.  I live very close to the area.  If you need any help with something let me know, I will do my best

Post: house was stolen! assistance is mandatory!

Mark RedmannPosted
  • Investor
  • Philadelphia, PA
  • Posts 177
  • Votes 80
Originally posted by @Troy Sheets:

Read this...not so uncommon. 

BTW, I'd be careful recording conversations, I believe it's illegal in PA. Not just phone calls but conversations!

 As long as the conversation is in a public place, ie where others can hear it, then its not illegal. Pa is one of, i think, only 7 or so states that this is illegal. (Dont ask me how I know about that one, haha) you have to get both parties consent to record in those 7 or so states. In the other ones, as long as one party consents, its a go. 

Thats a strange situation for sure. I'll definitely follow this to find out the outcome

Post: Philadephia BP Networking Event - April 4th 2015

Mark RedmannPosted
  • Investor
  • Philadelphia, PA
  • Posts 177
  • Votes 80

Wish I could be there.  I will be out of town for Easter.  @Lucas Pfaff take notes for me!!  haha

Post: how to find the value of land

Mark RedmannPosted
  • Investor
  • Philadelphia, PA
  • Posts 177
  • Votes 80

for example... http://www.zillow.com/homedetails/2145-E-Sergeant-St-Philadelphia-PA-19125/117877805_zpid/

Post: how to find the value of land

Mark RedmannPosted
  • Investor
  • Philadelphia, PA
  • Posts 177
  • Votes 80
Originally posted by @Rob Beland:

Are you sure your numbers are correct? 21K SF lot with 11 houses??? Thats less than 2K SF per lot.

 hey sorry i was editing my post when you replied.  This is in philadelphia.  the lots aren't big here