All Forum Posts by: Ryan H. Joseph

Thank you so much for your advice @Brian Adams

I thoroughly enjoyed reading through a few of your articles and I look forward to listening to show #135 in the morning.

Since I'm trying to transition from a CPA background, I appreciate your perspective and it gives me confidence. Thank you Brian!

@Ashley Burks I love where your head is at. I've also considered this route. Seems like a sure fire way of finding motivated situations. 

I think finding out who the best attorneys for this (bankruptcy, divorce, etc.) are in the area and then getting your name and number worked into their minds would be the best bet. Probably sending a couple pieces of marketing materials to them (over a month or two) and then calling would be how I'd get started. If you have a low budget maybe just start smiling and dialing.

Please let me know if you have a different approach.

@David Wright thank you for your reply!

Two quick follow up questions if you don't mind:

1. By consistency with direct mail, do you mean mailing to the same area/owners once a month for 6 months? Or do you mean just consistently mailing to new people? I would imagine you're saying mail to the same people. 

2. Do you have some suggestions for list vendors? I've only looked at listsource.

Thank you for your time David

My best,

Hello BP!

I'm going to start mailing to Apartment property owners to market for my first investment property. I'm looking for a Value add / Repositioning deal. I was hoping to get some advice on a few questions I have. 

Should I mention this will be my first investment property?

Can I follow the same techniques used for sending yellow letters to SFH property owners or do you suggest doing anything differently?

How much research on a given property would you do in advance? Would it be a waste of time to do any research or run any numbers before getting a call or feedback from the owner?

Thank you for taking the time and please share any other comments you have.  

Christopher - I respect your desire to further your education. I also am considering getting my MBA. My primary motivations might be a little bit different though. I enjoy learning in a structured environment and also want to "rebrand" myself away from being a CPA to more of a businessman.

Since it sounds like you want your MBA to increase your earning potential and get a job at a large firm, I definitely would stick to your guns about going to a prestigious business school. Maybe you should apply and see if you get in?

If you don't get in then it's a mute point. Plus you have corporate finance experience already. I think employers would find that more useful than a MBA...

Either way, I like @Ernesto Hernandez's idea of starting soon instead of delaying. If we keep setting more obstacles for ourselves, we'll never reach those passive income goals that we have!

Hello San Diego Investors!

I know this is last minute but I would love to meet some of you guys tomorrow (Sunday - December 3rd).

If anyone is interested please let me know so we can solidify a time and place. I'm cool with going to the beach, grabbing a beer, going on a hike, lunch, dinner.... whatever you guys want to do.

I hope we can spark some interest.

@Hersh M. I got the owner's mailing address from the assessor! Thank you so much for suggesting that. To satisfy your curiosity, the neighborhood is in North Point Loma. This particular asset was built in 1950.

@Justin R. I like how you're looking at this long term. I'm gonna plant the seed.

@Lee Ripma Thank you for your offer. That's very kind.

@Bruce May Great suggestion Bruce! I wouldn't have thought of that. Thank you for the advice. 

Hello fellow Investors!

I apologize in advance if this topic has already been posted.

Here is my current dilemma: I moved to San Diego in January and next door to me is a vacant building that appears to be half-way renovated. I've only seen one person come by in the 5 months I've been here. The landscaping is overgrown and half of the house doesn't even have windows. I say house but there are actually 3 separate buildings. It is eating away at my soul to see this property sit idle. Whoever owns this property is missing out on some serious cash and is most likely getting hit with expensive holding costs.

I tried to find the owner by searching tax records but the property tax website shows that there are five different owners. This seems odd. I've considered writing a letter to them and dropping it off on the front porch, but I don't think anyone will ever come to pick it up. 

I'd love to contact whoever owns this property and see what their situation is. Even if they tell me to buzz off, at least it'll put my curiosity to rest.

If you were in my shoes, how would you move forward with this?