All Forum Posts by: Robert Jenkins

Andrew - Thank you. Glad things worked out and hopefully still are

Michael - Congrats keep me informed. Love to hear about success!!

Describe to me a good marketing piece

They were addressed to the homeowner. They basically said we were interested in their property and hoped we could speak with them. Regular Stamped. some were some werent in a state of NOD or Forclosure

Michael!! Any good leads? How do you get those eviction leads anyways? Goodluck!!!

Today i sent out 66 letters of Intent and hopefully things will start to kick off. I targeted Absentee Owners, Run Down investment properties, Or long time home owners who's home needs serious work.

What do you guys think will happen? 1 response? 2? 50? =P :lol:

definately agree to some ends on evertyhing. The properties i'm targeting are usually investor owned properties, vacant, torn up, and becoming more and more dilapidated (sp) My way of finding these properties is just having contacts in title companies and managment companies having been both a realtor and assistant at a pm firm.

When i was at the property management firm or brokerage house we had programs like Merlin or PeopleFinder that would allow me to find Phone numbers or Current Addresses and i was wondering how to do it without those programs since i'm not able to afford them or have the necessary credentials. Also what do most of you do, call or stop by?

So i've come up with a decent system of finding properties to purchase, i've lined up some money both private investors and hard money lenders, and i've got a rull rehab team on standby (from plumbing to roofing to landscape and paint even a "green" contractor)

My problem is contacting the owners and getting in front of them. Most of the times i only have an address so i have to stop by and try and speak with them, but i work nights usually and can't stop by when most people are home. I send a letter before hand hoping for a response but never get one. Usually when i get in front of an owner it doesn't go well cause apparently even though their properties are falling apart and vacant they don't have an issue and won't give up any info.

My question is how do i get infront of them or on the other end of a phone with them?

servicers at the bank. People who handle these distressed accounts at the bank and give them to your brokers. Best way to find out who they are is go into your local bank and schmooze the manager. As them to lunch and be nice.

Thanks everyone that was definately helpful! I was thinking however more along the lines of monetary value. With the property u have both depreciation and appreciation capital gains and other tax/monetary benefits. It seems u loose those shelters for a trade off in headaches. How are the taxes assesed on the interest rate? Cap Gains or Income?

The reason i ask is because i have an owner on the fence about selling her property to me (at a 50% discount) and it seems i just need one little "extra" that would really get her over her hesitation.

I was hoping someone could clarify for me. What are the benefits of being a note holder as opposed to being an owner of real property?

Why should a seller carry financing or a full note when it seems more beneficial to hold the property and not the note?

It would really help to know all the details when i'm approaching these owners with offers for their houses and them not getting paid right away.

Certified Property Manager - Something i've looked into a bit but was wondering if anyone on here was certified and could clear things up for me.

From what i see it's anywhere from 700-1550 a pop for each course and there are 7 of them to complete (home, internet, or class). Than you have to get letters of rec. and waite minimum of a year...

I was going to start CCIM while i was doing brokerage but i got fed up with corporate brokerage bs so im out on my own and when i start investing i want to be able to pick up more management opportunities.