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All Forum Posts by: Stephen Dominick

Stephen Dominick has started 35 posts and replied 93 times.

Post: What are the pros and cons regarding high cap rates?

Stephen DominickPosted
  • Investor
  • Brodheadsville, Pa
  • Posts 98
  • Votes 21

I believe I started this heated and very informative exchange of ideas, and I am not sorry. I believed that GRM was just a different way of beginning the process of Due diligence. Just as CAP and ROI it was just a parameter that was used to ferret out possible good deals. Nothing replaces accurate numbers, Its just another tool to use to determine your local market. The more info the better. There is no easy way. You must do the leg work, But if mastering the GRM in your area can save you the time. I believe.

Post: What are the pros and cons regarding high cap rates?

Stephen DominickPosted
  • Investor
  • Brodheadsville, Pa
  • Posts 98
  • Votes 21

Thanks for the insight Ben, always very helpful.

Post: Repeat direct mailing campain

Stephen DominickPosted
  • Investor
  • Brodheadsville, Pa
  • Posts 98
  • Votes 21

Thank you very much for your ideas looking forward to see more.

Post: What are the pros and cons regarding high cap rates?

Stephen DominickPosted
  • Investor
  • Brodheadsville, Pa
  • Posts 98
  • Votes 21

Make that GRM. Sorry

Post: What are the pros and cons regarding high cap rates?

Stephen DominickPosted
  • Investor
  • Brodheadsville, Pa
  • Posts 98
  • Votes 21

Just a stupide question about GMR. What value does it have and how much of it is random numbers per area. I speak about GMR to most REA and they look at me if from another planet. I know it takes an intimate knowledge of an area to do this comparison but is it on par with CAP when figuring a deal?

Post: Repeat direct mailing campain

Stephen DominickPosted
  • Investor
  • Brodheadsville, Pa
  • Posts 98
  • Votes 21

What makes the mail lumpy?  :)  I have heard of this before, but never have been told.  This is not Colorado. :}  All suggestions are appericateid.    

Post: Repeat direct mailing campain

Stephen DominickPosted
  • Investor
  • Brodheadsville, Pa
  • Posts 98
  • Votes 21

Consistent with timing as far as "every month like clockwork" or every other month.  Do you remove people who call angrily and demand that they be removed from your list or wait them out and still send? Do you twik  the message on subsequent letters or postcards?  What would be the top factor in anyone's experience?  Thanks for the time and information in advance. 

Post: Repeat direct mailing campain

Stephen DominickPosted
  • Investor
  • Brodheadsville, Pa
  • Posts 98
  • Votes 21

If 80% of your deals come after the 5th touch.  How much money should you have budgeted for a 6 month mailing campaign.  I've heard of successful operations hand writing 25 to 50 letters off their list a month and doing deals. Should you take this more conservative approach until you build relationships, trust and knowledge?

Post: When you first meet a seller what do you give them?

Stephen DominickPosted
  • Investor
  • Brodheadsville, Pa
  • Posts 98
  • Votes 21

A Hersey's kiss I presume? 

Post: i want to start now, but how?

Stephen DominickPosted
  • Investor
  • Brodheadsville, Pa
  • Posts 98
  • Votes 21

Have you read BP Ultimate beginners guide?