All Forum Posts by: Account Closed

Hey All,

tried to find on the threads where I could get a list of free and clear properties but don't know how to enter that criteria into ListSource or MelissaData. Are there any more intuitive ways to find those free and clear properties. If so please share your method of choice.

Thanks

@Aaron Mazzrillo thanks Aaron. If you have any RE educational programs you can point me towards that you're a part of or have created I definitely would like to sign up.

@Account Closed hey could you explain briefly how you're going with these no-equity deals? I'm not a huge proponent of them but maybe you can show me the light. Moreso looking to move someone else's equity onto my ledger in exchange for providing some type of real estate solution.

@Aaron Mazzrillo thanks for your insight. I think I'll start with a pretty blunt stick and see if poking around will wake up some motivated sellers. I think I'll just start with the criteria you listed above about homes owned 20 yrs no loan recorded in 10 and get a nice big list to run though and send it to click2mail.com.

@Gary Parker hey a couple of the guys here are checking out ALTA, do you or Aaron have any experience going there since you mentioned Utah?

@Aaron Mazzrillo thanks for the quick turn around! I was assuming you'd be in vacation on the beach in some foreign country with all the wacky weather going on here. Albeit you are in pleasant CA and I'm in Charlotte, NC.

I entirely agree with the refi part because I know it can and will be done. As one of the more sought-after guys on Bigger Pockets these days, I thought I'd ask one more follow up question.

Beyond Criteria of Housing: (i.e. 3 bed, 2 bath, x-amount of SF, etc), are there any other criteria that you use to get that primary list you mail to?

The way I've interpreted it you're just going after those that have High Equity (1 and only criteria?), and then as you said in the podcast playing the numbers, being consistent that some of those high equity position houses will uncover motivated sellers.

Thanks and keep spreading the enlightening word, definitely was a paradigm shift on how I see real estate investing. Now I see it from more of a Master of Marketing that happens to invest in real estate. (May have quoted ya)

@Aaron Mazzrillo what criteria are you setting up when you call the title company or use a "list-broker" to net you about 13K names for your farming area?

I'm trying to replicate your "just go do it" mantra here in Charlotte because I hear people complain that deals are getting sucked up the the Hedge Funds blah blah blah (Blackstone B2R activity) and like you said I still feel that there are deals to be had, but I didn't understand what you meant about getting leads from your title company or list source.com in the podcast. Something about Trust deeds?

Please advise, I've read all of your responses to posts about direct mail and have gleaned bits and pieces but would rather hear it from the source.

Thanks!

@Eric M. Yeah I have. My concern is getting bogged down and getting "into the weeds" on building search criteria that is too refined. I think from what Aaron Mazzrillo has stressed in most of the threads he has posted on direct marketing is working off of a large list with only one or two criteria (I.e large equity & or free and clear) and when you mail consistently those that have motivation come out of the woodwork. I may be wrong but I'm trying to use the KISS principle to save me from analysis paralysis. Thanks for the help! Let's keep this thread rockin.

all courtesy of a guy on here called @BRANDON Foken

I think that @AARON MAZZRILLO has done a great job at making the barriers to entry for those looking to do direct marketing seem low. He emphasizes the importance of doing and doing with consistency AND then tweaking the system instead of getting caught up with what size paper and font to use. Essentially he is trying to help us all get over analysis paralysis.

In the podcast I know he mentioned just start sending mail. Although I took good notes I couldn't figure out how he was getting the 13000+ contacts. We're they all simply absentee owners? Owners of properties that had free and clears?

My question is what is the criteria he chooses when buying his list / asking of his list from the title company.

If anyone knows or Aaron can chime in I'm ready to take the advice and run with it.

Thanks!

@Arthur Botting hey! This is probably one of the most comprehensive articles on yellow letters and mail merges with photos and steps. I use it. Came from a guy out in the Bay Area.

Enjoy!

http://www.adventuresinbayarearealestate.com/2013/02/04/how-to-guide-yellow-letters/

@William T. How were you able to find the property? Mailers? Using a list from the tax assessors office? Etc. I'd say loopnet and costar are nice to have to list but if you go to your local REIA you may find a buyer. Are you experienced with valuation of multifamily? I can help walk you through it but my best guess would be to rope in someone to help you valuate for 10% etc of your cut. Hopefully that may save you some time and trouble.