All Forum Posts by: Bill Goodland

 I'm primarily single families and 2-4 units

 Thank you! I'll check them out. Any idea estimate on cost?

Hi all,

Looking for your favorite way to build marketing list. To preface, I have my real estate license and generally pull a list of presumed high equity(purchased more than 10 years ago), absentee owners in my target market and send out about 3000-4000 postcards or letters every 6 weeks or so. I also build a drive for dollars list that I slowly add addresses to every month. Reponse rates have been okay but not great. Have also used list source and prop stream before but the data they provide is very similar to what I pull off the tax records through CRS Tax. I've heard good things about Dataflik but know that they are expensive. I'm not opposed to spending the money and have a demo scheduled with them this week, but was curious if anybody else has other data providers that they like better for more niche areas of distress such as bankruptcy, probate, divorce, code violations etc. that I can stack with my current data.

I have submitted right-to-know requests with the local counties but only certain information is available and can be cumbersome. Any recommendations are appreciated. Thanks in advance!

Bill

So I purchased a new primary residence that will be either a future flip or rental. As my business grows, I am trying to hire out more work so I have a contractor that a lot of the local flippers I know use. I've seen his work before and he gave me a reasonable bid to do an entire house rehab of mostly paint, flooring and light fixtures. It's now 3 weeks into the contracted start date and as far as I know, only demo of the floors has been completed and this was scheduled to be a 4 week job. I haven't given him any money yet and I'm trying to be understanding and follow up with him multiple times per week and get a different excuse with the story of "I'm actually heading over there today and my guys will be getting XYZ done". I haven't gotten any updates and have explained that I need better communication to not much avail. Trying to balance between stern and not getting taken advantage of with being understanding and not trying to burn a bridge of a relationship with a contractor I planned to use for future rehabs because I have been impressed with his quality of work and price before. Does that mean I need to sacrifice timeline? I know this is an issue every rehabber faces so I'd appreciate any thoughts on how else to handle this such as specific penalities in the contract because he hasn't even reached the 30% completion threshold that we agreed upon previously in order to get any payment.

Looking for recommendations on skip tracing services to give me numbers to cold call. I have used VAs from Fiverr before for skip tracing but I feel like I get so many numbers that it isn't efficient to call so many for maybe reaching the owner I am trying to contact. I have heard good things about Kind Skip but they have a 10,000 lead minimum and I was thinking of doing around 5,000 leads. Cost per lead on Fiverr is about $.05 per lead and Kind Skip is $.03. I would ideally like to keep my pricing in that range. Curious to hear other people's thoughts.

Hey Zack, there's a ton of info if you just google how to get your real estate license. I used a course off gropuon for like $125. Did it in my spare time and wasn't too hard at all. It helped that I already had a broker I knew willing to take me on though. I'd recommend househacking to start, get a full time well paying W2 job and use the real estate agent income as side money to put towards investments. You don't need to be an agent to find good deals though.

I got my 10th unit under contract in my second full year of investing. Once this closes I will own 1 million dollars are real estate. I closed 3 transactions for clients in my first year as a real estate agent while working a full-time job.

Hey @Andrew Curro, fellow PA investor here. I have my 10th unit under contract right now and started less than 2 years ago and have used traditional financing for all of them. If you're going to owner occupy, why bother going through the hassle of creative financing if you're going to have a strong consistent W2 income? I used an FHA loan for my first triplex and it was pretty easy and went fairly smoothly with only 3.5% down and all of the closing costs covered by the seller. In my opinion, using private money to close deals makes the most sense when you're not owner occupying and the bank would require 20-25% down.

@Kiet Ho I recommend making a ton of low ball cash offers, making minor improvements and then refinancing where you can likely immediately pull out most of your money. Leverage doesn't mean over leverage. You can refi with really low rates at 70% LTV and use the rest of the cash for reserves or more properties

@Patrick Flanagan yup, not only nurses but traveling medical and allied health professional students that rotate at the hospital. I use furnished finder and Airbnb.