All Forum Posts by: Ryan Butler

I've seen a lot of discussion for equity split on the forum. I see a lot of 50/50 splits, which I understand and have my own views on that.  My question is a little more specific.  How does a traditional lender play into that equation? 

For example:  If the deal needs 100k and the the bank will finance 70k through me but I bring in a private lender to account for the 30k in equity, what are fair splits for this? or splits that have been used that work successfully?

I understand the numbers and all of that. Trust me, I send out several thousand pieces of mail a month. My frustration has just increased with the quality of calls.  There's always a lot of factors and it takes time I know.

@Ben G.   that's pretty much where my head is at these days and looking at building an online presence.  

Thanks for all the feedback guys.

@Deano Vulcano I do that a lot as well, but that type of network does take time to build up. It doesn't happen over night and just like direct mail, you must be diligent with it. I've had much more success that way. @Walt Payne I've dealt with wholesalers and such and that's fine, but I would like to get to the source and the sellers.  that's better for my business. I'm a fix-and-flipper, but I'd like to get in contact with wholesalers.

My list has been absentee and equity based properties. No NOD of Pre-foreclosures. When I do get leads, their asking prices have been so ridiculous because they see the development going on and think they should have this price(clearly a side note). But yea, absentee and equity based properties.

I'm in a market where direct mail is SOOOO saturated. I talked to a property owner today. People are receiving 5-10 pieces of mail a week.  I just feel that there has to be something else that's not so saturated to find deals.  Anyone else getting this feeling about direct mail? Any suggestions?

Mary, I literally have the same question!

I agree with the concept of rapport building. I guess that's why the more calls I get the less questions I ask and the more I just want a face to face meeting. Easier to build rapport I feel.

I use to ask a lot of questions but I've found that since I drive a lot the script becomes a little much. But usually something like Thanks for giving me a call. Are you interested in selling? Listed with an agent? Great let me tell you a little bit about what I do. What do you want for the property? I can give you the most money if we can set up a meeting and I can walk through your house. See you Thursday :)

Ok guys, first time on a forum on BP. Let's see how this goes. Also, please let me know if I'm breaking any rules. If I am, I just don't know :)

I've been sending out about 800 pieces of direct mail a month for the last 2 months(and adding 3000 additional pieces a month starting next week or so using yellowletters.com). I have a deal that's going to at least pay for the investment I made. But a couple issues that I am having is as follows:

1.) I've been getting calls but after the potential seller and I speak, they don't seem to answer again. Is that a dead lead now? I've been following up with phone calls a couple times a week but having trouble reaching them. I feel like I might be getting blocked or something.

2.)Thoughts on trying to close the deal on the phone or getting a meeting with very little information? I tried collecting a lot of information, but I've been inclined to just get a meeting with them now as my sole purpose. More personable. Mail->calls->meetings->close.

Alright, bombs away!

Ryan