All Forum Posts by: Robert Tropp

How big have your mailings been and in what areas are you targeting? Are you mailing to entire subdivisions or individual parcels?

If you have more time than money you may want to consider a more personalized type letter, either hand written, or al least hand addressing the envelope (assuming those are all printed from a computer). I've found my conversion rates are much higher with smaller more personalized letters granted it's not exactly scalable and way too time consuming, or expensive to outsource, with higher volume mailings.

You may want to consider other sources for leads, such as making offers on properties on craigslist or landwatch, or could look for some tax deed properties at tax auctions. 

If you're just starting out I'd suggest cycling a few different mailers and see what version converts the highest.

I’m a real estate investor who specializes in undeveloped land properties and I’m looking for a way to monetize some of the leads I receive on land properties that don't meet my criteria. I have very specific criteria for what I buy and sell so I pass up a lot of potentially good investments on land properties that are not in my market, or don’t meet the specific criteria I’m looking for. I have a database of over 7,000 leads, and acquire about 20-30+ leads a day through my various lead generation networks.

I’m looking for ways that I could potentially monetize these leads through referrals, or subscriptions to investors who might want access to them.

I also have the ability to list and sell land properties through my network on the sales side and would ideally like to receive some kind of compensation, such as a buyer's premium, for selling the actual properties for the seller without owning them, however these properties are in different states and I’m not a licensed real estate agent so I’m assuming I can’t charge any sort of commission. Any suggestions?

I’m posting this to see if anyone has any suggestions or might have more insight or knowledge about how to either monetize leads or charge some kind of fee for listing and selling properties without being an agent. 

@Albert Bui Thanks again for all the info! I'm still looking into this as an option, I just haven't found the right building yet. 

@Matt R.. 5% would totally work.  I'm trying to protect my capital right now and don't want to come up with 20-25%, plus I need a place to live so I figure owner occupied is the way to go for me right now. 

Hey Guys,

I was looking for a lender in LA who specializes or has a lot of experience with FHA lending. I'm looking into owner occupied multi-families in the LA area and wanted to get some financing lined up.

I have a potential deal that I'm looking into and I wanting to find out more info on FHA lending for a owner occupied a multi-family 4 unit building in LA. I was looking into buying a property owner direct and using FHA financing but it is over the limit for FHA. I wanted to use FHA to cover the majority of the purchase with low money down then making up the difference of price with cash and some owner financing.

Let me know what you guys think. As always any feedback is much appreciated. 

Hey Fellow BPers, 

I'm currently looking for a good lender in the Bay Area who can get me approved for a non owner occupied conventional loan for a 2-4 unit multi family. The lender that I've been working with doesn't really seem to be on top of their game, is slow to get back to me, and doesn't really seem to want to work very hard to get things done. 

Let me know if anyone has any good recommendations for lenders they've used or know, tips, or insight.

Much appreciated!

@Ali Boone Haha wow small world! I don't live in that building just right next door to it. 

@Brian Hamrick sounds like you understand my dilemma first hand. It's only gotten worse, prices are insane right now.  So it's going to have to be out of state for me too. Thanks for reaching out I'll definitely give you a call here sometime soon. I'd love to hear about your market.

@Ali Boone Nice! I'm on Pacific a few blocks south of Windward I'm usually one of those guys out there surfing in the morning :). 

Thanks for all your feedback guys! @Brian Hamrick Grand Rapids isn't an area I've really heard much about or looked into. Thanks for the heads up, I'll have to check it out. 

@Jim Horton I guess I haven't really checked out Sacramento in depth. Do you know what an average return for this area would be in a B to A- neighborhood in this price range?